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Mt. Gox Begins to Repay Creditors Since Their Shutdown in 2014
In a previous post , I discussed the Mt. Gox bankruptcy incident that occurred in 2014, resulting in the loss of about 750,000 users' BTC. To date, these $BTCs remain lost.
After nearly a decade of waiting and owing these debts, Mt. Gox has started repaying creditors for their lost funds. Some recipients shared their experiences on the Reddit forum.
A month ago, Trustee Nobuaki Kobayashi announced that repayments would begin in 2023 and continue until 2024.
Payments were made in cash through the popular payment platform PayPal, using the Japanese Yen currency.
#ozuru #BTC #mtgox
In a previous post , I discussed the Mt. Gox bankruptcy incident that occurred in 2014, resulting in the loss of about 750,000 users' BTC. To date, these $BTCs remain lost.
After nearly a decade of waiting and owing these debts, Mt. Gox has started repaying creditors for their lost funds. Some recipients shared their experiences on the Reddit forum.
A month ago, Trustee Nobuaki Kobayashi announced that repayments would begin in 2023 and continue until 2024.
Payments were made in cash through the popular payment platform PayPal, using the Japanese Yen currency.
#ozuru #BTC #mtgox
$PEPE If This liquidity sweep What Which will you do it.? orders blocks resistant will in destroy fomo big uncle whale follow as well as,from all corner world This new memes coin of course in create For madness And happiness🤭🚨🚨 1000% huge pum #pepecoin🐸 #ApokenaART #BTC #mtgox
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The Mentougou incident is a small mountain weighing on BTC. Although it cannot cause a big storm, it is mentioned every year, and every time it is mentioned, it will cause a short-term decline in Bitcoin.
850,000 Bitcoins were stolen from the MTGox (Mentougou) exchange. Ten years have passed, and some of them have been recovered and some have been sold.
Today, 12,240 Bitcoins were transferred from the Mentougou address to a new address. Currently, 125,654 Bitcoins are held. As of the time of writing, the transfer is still continuing.
In addition, the sudden conflict between Israel and Egypt last night broke the upward channel of Bitcoin, and it fell by $2,000. $BTC #mtgox
850,000 Bitcoins were stolen from the MTGox (Mentougou) exchange. Ten years have passed, and some of them have been recovered and some have been sold.
Today, 12,240 Bitcoins were transferred from the Mentougou address to a new address. Currently, 125,654 Bitcoins are held. As of the time of writing, the transfer is still continuing.
In addition, the sudden conflict between Israel and Egypt last night broke the upward channel of Bitcoin, and it fell by $2,000. $BTC #mtgox
Mt. Gox's Cryptic Move 🧐: A Potential Market Trigger?
* Mt. Gox's Mysterious Transfer 💰: The defunct cryptocurrency exchange, Mt. Gox, recently moved 24,051 BTC (worth nearly $2.5 billion) to an unknown address.
* Timing of the Transfer ⏰: This significant transaction occurred shortly after Bitcoin reached a new all-time high of $104,000.
* Unknown Destination 🗺️: The receiving address, starting with "1N7j," had no prior activity, adding to the intrigue.
* Potential Reason for the Transfer 🤔: Analysts speculate that this move might signal preparations for distributing payouts to creditors, a common practice before fund releases.
* Mt. Gox's Infamous Hack 🚨: In 2014, Mt. Gox suffered a massive hack, losing approximately 850,000 BTC, which at the time was worth around $460 million.
* Market Impact 📉: The potential influx of Bitcoin into the market from creditor payouts could exert downward pressure on the cryptocurrency's price.
* Market Sentiment 📊: Some analysts believe that the market has already accounted for this potential downward pressure, as the payouts have been anticipated for a considerable time.
* Creditor Preferences 🗳️: A Reddit poll suggests that many creditors may choose to hold onto their Bitcoin rather than immediately selling it.
* Delayed Payouts ⏳: Many creditors have yet to receive their repayments due to incomplete procedures.
* Uncertain Market Outlook 🔮: The overall impact of Mt. Gox's transfer on the Bitcoin market remains uncertain.
* Watching the Market Closely 👀: Investors and traders are advised to monitor market developments closely to gauge the potential effects of these events.
* Awaiting Further Clarity 🔍: As more information becomes available, a clearer picture of the situation and its implications for the cryptocurrency market will emerge.
#MtGox
* Mt. Gox's Mysterious Transfer 💰: The defunct cryptocurrency exchange, Mt. Gox, recently moved 24,051 BTC (worth nearly $2.5 billion) to an unknown address.
* Timing of the Transfer ⏰: This significant transaction occurred shortly after Bitcoin reached a new all-time high of $104,000.
* Unknown Destination 🗺️: The receiving address, starting with "1N7j," had no prior activity, adding to the intrigue.
* Potential Reason for the Transfer 🤔: Analysts speculate that this move might signal preparations for distributing payouts to creditors, a common practice before fund releases.
* Mt. Gox's Infamous Hack 🚨: In 2014, Mt. Gox suffered a massive hack, losing approximately 850,000 BTC, which at the time was worth around $460 million.
* Market Impact 📉: The potential influx of Bitcoin into the market from creditor payouts could exert downward pressure on the cryptocurrency's price.
* Market Sentiment 📊: Some analysts believe that the market has already accounted for this potential downward pressure, as the payouts have been anticipated for a considerable time.
* Creditor Preferences 🗳️: A Reddit poll suggests that many creditors may choose to hold onto their Bitcoin rather than immediately selling it.
* Delayed Payouts ⏳: Many creditors have yet to receive their repayments due to incomplete procedures.
* Uncertain Market Outlook 🔮: The overall impact of Mt. Gox's transfer on the Bitcoin market remains uncertain.
* Watching the Market Closely 👀: Investors and traders are advised to monitor market developments closely to gauge the potential effects of these events.
* Awaiting Further Clarity 🔍: As more information becomes available, a clearer picture of the situation and its implications for the cryptocurrency market will emerge.
#MtGox
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How to buy Bitcoin in the UAE / Saudi Arabia / Egypt / MENA region in a reliable way
It was Mt. Gox was the largest Bitcoin trading platform in the world, but it collapsed in 2014 after hundreds of thousands of Bitcoin were lost as a result of a hack. Since then, creditors have been anxiously waiting to get their money back.
A mistake like this could cost you huge losses and adds another factor to the risks that you must take into consideration. Every trader must be careful and carefully consider when choosing platforms or he may lose all his Bitcoin.
A mistake like this could cost you huge losses and adds another factor to the risks that you must take into consideration. Every trader must be careful and carefully consider when choosing platforms or he may lose all his Bitcoin.
$ORN is on the move! With a steady 3.50% rise, it's now at $1.66! 📈
Watch closely as it eyes breaking through the previous resistance at $1.6655.
Backed by a strong support level at $1.4095.
Let's ride this upward momentum!
#Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved #FIT21
Watch closely as it eyes breaking through the previous resistance at $1.6655.
Backed by a strong support level at $1.4095.
Let's ride this upward momentum!
#Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved #FIT21
Bitstamp Begins Distribution to Mt. Gox Creditors
Bitstamp has commenced the distribution of Bitcoin ($BTC ), Bitcoin Cash ($BCH ), and Ethereum ($ETH ) to Mt. Gox creditors following the exchange's infamous collapse. The distribution process is expected to be completed within a week
#News #mtgox #BTC☀️ #ETH🔥🔥🔥🔥
Bitstamp has commenced the distribution of Bitcoin ($BTC ), Bitcoin Cash ($BCH ), and Ethereum ($ETH ) to Mt. Gox creditors following the exchange's infamous collapse. The distribution process is expected to be completed within a week
#News #mtgox #BTC☀️ #ETH🔥🔥🔥🔥
🚨 #Bitcoin Price Temperature (BPT) Update 🚨
BPT has risen to 3.2°C, signaling growing momentum. Levels of 6-8°C are critical for the market.
If BPT hits 8°C, $BTC could reach $178K per BTC, potentially as a 2025 target—driven by strong spot market demand.
🔥 Stay informed and plan accordingly.
$ETH $XRP  $SHIB  $LTC
#BTC Price Analysis#
#MtGox
#Cryptocurrency
BPT has risen to 3.2°C, signaling growing momentum. Levels of 6-8°C are critical for the market.
If BPT hits 8°C, $BTC could reach $178K per BTC, potentially as a 2025 target—driven by strong spot market demand.
🔥 Stay informed and plan accordingly.
$ETH $XRP  $SHIB  $LTC
#BTC Price Analysis#
#MtGox
#Cryptocurrency
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MT Distribution. GOX on its customers (Haker victims) will not have a big impact if the purchase demand $BTC is very large.
However, many people worry about MT users. GOX, which has received its $BTC , is back selling. so BTC experiences inflation.
In my opinion, that was a big mistake, not being patient in waiting for the bullrun which is only 2 - 4 months away.
I agree more if MT.GOX distributes its customers in the form of $BCH rather than BTC. because it will save the market. because 98% of coins follow BTC movements.
#BTC☀ #bitcoin☀️ #BCH #mtgox #Write2Earn
However, many people worry about MT users. GOX, which has received its $BTC , is back selling. so BTC experiences inflation.
In my opinion, that was a big mistake, not being patient in waiting for the bullrun which is only 2 - 4 months away.
I agree more if MT.GOX distributes its customers in the form of $BCH rather than BTC. because it will save the market. because 98% of coins follow BTC movements.
#BTC☀ #bitcoin☀️ #BCH #mtgox #Write2Earn
🚨 Mt Gox Shakes Up Bitcoin Market! 🚨
Mt Gox has just transferred 191.678 #BTC ($20.42M) and 1,428 BTC ($152M) to new wallet addresses today. Despite these significant movements, Mt Gox still holds a hefty 36,085 #Bitcoin , valued at approximately $3.84 billion. 🚀💰
This activity has sparked speculation and raised questions about the future of these assets. Will this lead to more payouts or strategic repositioning? The crypto community is buzzing with theories on how this might affect market dynamics. 📉🔍
Stay tuned for more updates on #MtGox actions and their impact on the Bitcoin ecosystem. Could this be a precursor to further creditor repayments or something else?
Mt Gox has just transferred 191.678 #BTC ($20.42M) and 1,428 BTC ($152M) to new wallet addresses today. Despite these significant movements, Mt Gox still holds a hefty 36,085 #Bitcoin , valued at approximately $3.84 billion. 🚀💰
This activity has sparked speculation and raised questions about the future of these assets. Will this lead to more payouts or strategic repositioning? The crypto community is buzzing with theories on how this might affect market dynamics. 📉🔍
Stay tuned for more updates on #MtGox actions and their impact on the Bitcoin ecosystem. Could this be a precursor to further creditor repayments or something else?
$PIXEL has started its bull run towards 1$.
its an alt season don’t underestimate these coins especially backed by Binance They can easily go above 30%.
so try to enter earlier rather then buying at peak and crying latter that you lost funds.
a good advice buy now and sell if it crosses .7 then sell above 1$.
its just a-matter of time.
$BB
$NOT
#PixelToTheMoon
#Megadrop
#MtGox
#StartInvestingInCrypto
its an alt season don’t underestimate these coins especially backed by Binance They can easily go above 30%.
so try to enter earlier rather then buying at peak and crying latter that you lost funds.
a good advice buy now and sell if it crosses .7 then sell above 1$.
its just a-matter of time.
$BB
$NOT
#PixelToTheMoon
#Megadrop
#MtGox
#StartInvestingInCrypto
PayPal started minting stablecoins on @Solana Official
#Solana is also the current meme coin hub of the market, and $SOL is usually pretty resistant against market shakeouts.
Feels like the real party this season will be hosted on #SolanaUSTD . 🎉🚀$BTC $ETH #Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved
#Solana is also the current meme coin hub of the market, and $SOL is usually pretty resistant against market shakeouts.
Feels like the real party this season will be hosted on #SolanaUSTD . 🎉🚀$BTC $ETH #Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved
$TON
BEARISH OUTLOOK FORMING 🚨
Close the D candle like this and the macro outlook will likely turn bearish. Find key areas to watch in my linked post.
Be careful⚠️👀
#toncoin $NOT #memecoins #tradingshot #binance #mtgox
BEARISH OUTLOOK FORMING 🚨
Close the D candle like this and the macro outlook will likely turn bearish. Find key areas to watch in my linked post.
Be careful⚠️👀
#toncoin $NOT #memecoins #tradingshot #binance #mtgox
$TON
POSSIBLE BREAKDOWN? 🔻 KEY LEVELS TO WATCH 👀
The coin's price action is starting to look overextended, and the upside trend might be losing strength.
It is likely that the price will test the support ascending line around the $6.85 level again.
If it breaks through, a (healthy) retracement phase will likely begin 📉
The key levels where we could expect a bounce are:
_$6.30
_$5.85
_$5.30
As always, look at the chart and wait for the right trigger ⏳️ Be careful when trading with leverage ⚠️
Let me know what do you think and which project should I analyze next👇
#toncoin #altcoins #NOT #ai #tradingshot
POSSIBLE BREAKDOWN? 🔻 KEY LEVELS TO WATCH 👀
The coin's price action is starting to look overextended, and the upside trend might be losing strength.
It is likely that the price will test the support ascending line around the $6.85 level again.
If it breaks through, a (healthy) retracement phase will likely begin 📉
The key levels where we could expect a bounce are:
_$6.30
_$5.85
_$5.30
As always, look at the chart and wait for the right trigger ⏳️ Be careful when trading with leverage ⚠️
Let me know what do you think and which project should I analyze next👇
#toncoin #altcoins #NOT #ai #tradingshot
💥 Mt. Gox Moves More $BTC Amid Market Volatility 💥
The long-bankrupt crypto exchange Mt. Gox has just transferred $49.3 million worth of Bitcoin - distributing $19M across two new wallets and $30.6M to a final wallet labeled 1MVm.
🤯 This move comes as BTC has once again dipped below the $93K mark, as you can see in the chart. Looks like more turbulence ahead for the markets!
Stay vigilant out there, fam! 👀
#BTC #CryptoMarket #MtGox #Bitcoin❗
The long-bankrupt crypto exchange Mt. Gox has just transferred $49.3 million worth of Bitcoin - distributing $19M across two new wallets and $30.6M to a final wallet labeled 1MVm.
🤯 This move comes as BTC has once again dipped below the $93K mark, as you can see in the chart. Looks like more turbulence ahead for the markets!
Stay vigilant out there, fam! 👀
#BTC #CryptoMarket #MtGox #Bitcoin❗
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7/21 Currency News
1. JPMorgan Chase analyst: Bitcoin’s rise is temporary and “will subside soon”!
JP Morgan analysts warned in the latest report that any current rebound in cryptocurrency prices may be temporary and strategic rather than the beginning of a lasting upward trend. However, the report believes that if former U.S. President Trump is re-elected as president, Gold and Bitcoin are expected to benefit from Trump’s second term.
2. More than half of Mt. Gox’s creditors have been compensated. Will this cause selling pressure?
In a vote initiated by a user on "What proportion of Bitcoin do you plan to sell after payment?", more than half of the holders will continue to hold it, while only a small number of holders choose to sell all. #Crypto🚀🚀 #BTC #bitcoin #mtgox #CryptoNews🚀🔥 $BTC
1. JPMorgan Chase analyst: Bitcoin’s rise is temporary and “will subside soon”!
JP Morgan analysts warned in the latest report that any current rebound in cryptocurrency prices may be temporary and strategic rather than the beginning of a lasting upward trend. However, the report believes that if former U.S. President Trump is re-elected as president, Gold and Bitcoin are expected to benefit from Trump’s second term.
2. More than half of Mt. Gox’s creditors have been compensated. Will this cause selling pressure?
In a vote initiated by a user on "What proportion of Bitcoin do you plan to sell after payment?", more than half of the holders will continue to hold it, while only a small number of holders choose to sell all. #Crypto🚀🚀 #BTC #bitcoin #mtgox #CryptoNews🚀🔥 $BTC
MT GOX UPDATE 🚨🚨🚨
According to #arkham $2.47B $BTC have been moved ⚠️
Mt. Gox still holds an incredible amount of bitcoin ( around 80,128 BTC almost $5.35 billion).
This morning, Mt. Gox transferred a total of $2.47 billion in BTC to new wallets in order to distribute 5,106 BTC ( about $336 million) to 4 separate Bitstamp addresses.
Bitstamp is one of the 5 exchanges that the Mt. Gox Trustee is working with to return funds to Mt. Gox creditors. So far, Mt. Gox has sent 10,216 BTC ($675.9 million) to Bitstamp.
Be careful if you are trading in leverage. Dumping so many $Btc on the market will have clear implications on crypto and PA 🚨⚠️
What do you think will happen ? 👇
#BTC #mtgox #altcoins #dump
According to #arkham $2.47B $BTC have been moved ⚠️
Mt. Gox still holds an incredible amount of bitcoin ( around 80,128 BTC almost $5.35 billion).
This morning, Mt. Gox transferred a total of $2.47 billion in BTC to new wallets in order to distribute 5,106 BTC ( about $336 million) to 4 separate Bitstamp addresses.
Bitstamp is one of the 5 exchanges that the Mt. Gox Trustee is working with to return funds to Mt. Gox creditors. So far, Mt. Gox has sent 10,216 BTC ($675.9 million) to Bitstamp.
Be careful if you are trading in leverage. Dumping so many $Btc on the market will have clear implications on crypto and PA 🚨⚠️
What do you think will happen ? 👇
#BTC #mtgox #altcoins #dump
Austria’s Raiffeisen Bank to Launch Crypto Services Next Year
Austria-based Raiffeisen Bank International will reportedly start providing cryptocurrency trading services to its customers, leveraging an existing partnership with crypto exchange Bitpanda. The bank plans to roll out the services by the end of January 2024. The bank said the services will be available to its retail customers. Furthermore, the announcement stated that the company will leverage its existing partnership with Bitpanda to provide the services. Earlier this year, Bitpanda signed a letter of intent with the bank. According to the announcement, the services will be available only to customers in Vienna. “We are starting in Vienna, where about a quarter of Austria’s population lives,” Curt Chadha, the bank’s head of innovation, said in an interview. He added, “The customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.”Chadha noted that the services target digitally savvy customers looking for small-scale investments to pour money into. The executive added that the services will differ from similar offerings from other banks, which are aimed at high-end individuals with millions to invest. Meanwhile, the recent push by the bank highlights growing crypto adoption in the European Union. While regulators are still weary of crypto-related activities, crypto adoption has pushed up, especially in countries with clarity around crypto offerings.As earlier reported, in October, the European Securities and Markets Authority told crypto firms and national regulators to expect new regulations for the digital asset space. Furthermore, the regulator urged crypto companies to promptly seek operation authorization within the framework of the EU’s MiCA.#MtGox #WLD #KyberSwap #RichardTeng #etf $BTC $ETH $XRP