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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
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- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
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- 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends.
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- No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions:
- 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends.
- Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends.
- Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable.
- No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
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Mt. Gox Begins Repayment to Creditors Distributing Bitcoin and Bitcoin Cash
Mt. Gox began repaying creditors in Bitcoin and Bitcoin Cash on July 5, 2024, under a legal rehabilitation plan.
Attorney Nobuaki Kobayashi oversees the process, ensuring creditor verifications and agreements before disbursements.
Mt. Gox’s 2014 collapse involved a loss of 850,000 BTC, leading to bankruptcy, legal battles, and a shift to civil rehabilitation in 2018.
Mt. Gox, once a dominant force in cryptocurrency exchange, has initiated the repayment process to its creditors, distributing Bitcoin and Bitcoin Cash through designated exchanges. This move follows the detailed rehabilitation plan set by the exchange’s legal team.
Starting from July 5, 2024, specific rehabilitation creditors have begun receiving their owed cryptocurrencies. This process is governed by the coordination between the Rehabilitation Trustee and the involved crypto exchanges. The repayments aim to address the debts accumulated following the exchange’s notorious collapse in 2014.
Repayment Process
The exchange, led by Attorney-at-law Nobuaki Kobayashi, is adhering to a set of stringent conditions to facilitate these repayments. Among these conditions, verifying the authenticity of creditor accounts and obtaining their consent to engage with the Agency Receipt Agreement are paramount. Only upon the completion of these verifications, and ensuring robust discussions on repayment protocols, are the disbursements being executed.
Moreover, the flow of funds is transparently tracked by the community, with updates from entities like MtGoxBalanceBot on X highlighting the movement of significant sums of Bitcoin. To date, the Trustee reports a movement of 47,288 BTC, signifying a substantial step towards resolving the long-standing financial saga.
Total current balance on all known addresses of the MtGox Trustee: 94457.46716047 BTC. 47228.73365683 BTC have been moved away from these addresses since funds were consolidated on 2024/05/30. $BTC #bitcoin #mtgox mt.gox mt gox2024-07-05T07:02:09.483Z
— MtGoxBalanceBot (@MtGoxBalanceBot) July 5, 2024
Historical Context and Impact
Established in 2010 by Jed McCaleb and later sold to Mark Karpelès, Mt. Gox was instrumental in shaping the early landscape of cryptocurrency trading. At its zenith, it managed 70% of all Bitcoin transactions globally. The discovery of a massive security breach in 2014, however, revealed a loss of approximately 850,000 BTC, catapulting the exchange into bankruptcy and subsequent legal battles.
These legal proceedings culminated in the shift from bankruptcy to civil rehabilitation in 2018, with Karpelès facing conviction for falsifying financial records in 2019. The ongoing repayment process marks a chapter in rectifying the financial discrepancies and delivering long-awaited justice to the affected parties.
This structured repayment initiative signifies a pivotal moment of recovery and restitution for the cryptocurrency community influenced by the Mt. Gox debacle.
Read Also:
Mt. Gox Repayment Drama: Creditors Left Hanging?
Mt. Gox Set to Commence Bitcoin and Bitcoin Cash Repayments in July 2024
Genesis Begins Billions in Crypto Repayments: Will Markets Feel the Ripple?
Mt Gox Anticipated Selloffs and German Dumping Fuel BTC Crash
MT. Gox Investment Fund’s Bitcoin Hold Fuels Debate Over Crypto Market Stability
The post Mt. Gox Begins Repayment to Creditors Distributing Bitcoin and Bitcoin Cash appeared first on Crypto News Land.
Attorney Nobuaki Kobayashi oversees the process, ensuring creditor verifications and agreements before disbursements.
Mt. Gox’s 2014 collapse involved a loss of 850,000 BTC, leading to bankruptcy, legal battles, and a shift to civil rehabilitation in 2018.
Mt. Gox, once a dominant force in cryptocurrency exchange, has initiated the repayment process to its creditors, distributing Bitcoin and Bitcoin Cash through designated exchanges. This move follows the detailed rehabilitation plan set by the exchange’s legal team.
Starting from July 5, 2024, specific rehabilitation creditors have begun receiving their owed cryptocurrencies. This process is governed by the coordination between the Rehabilitation Trustee and the involved crypto exchanges. The repayments aim to address the debts accumulated following the exchange’s notorious collapse in 2014.
Repayment Process
The exchange, led by Attorney-at-law Nobuaki Kobayashi, is adhering to a set of stringent conditions to facilitate these repayments. Among these conditions, verifying the authenticity of creditor accounts and obtaining their consent to engage with the Agency Receipt Agreement are paramount. Only upon the completion of these verifications, and ensuring robust discussions on repayment protocols, are the disbursements being executed.
Moreover, the flow of funds is transparently tracked by the community, with updates from entities like MtGoxBalanceBot on X highlighting the movement of significant sums of Bitcoin. To date, the Trustee reports a movement of 47,288 BTC, signifying a substantial step towards resolving the long-standing financial saga.
Total current balance on all known addresses of the MtGox Trustee: 94457.46716047 BTC. 47228.73365683 BTC have been moved away from these addresses since funds were consolidated on 2024/05/30. $BTC #bitcoin #mtgox mt.gox mt gox2024-07-05T07:02:09.483Z
— MtGoxBalanceBot (@MtGoxBalanceBot) July 5, 2024
Historical Context and Impact
Established in 2010 by Jed McCaleb and later sold to Mark Karpelès, Mt. Gox was instrumental in shaping the early landscape of cryptocurrency trading. At its zenith, it managed 70% of all Bitcoin transactions globally. The discovery of a massive security breach in 2014, however, revealed a loss of approximately 850,000 BTC, catapulting the exchange into bankruptcy and subsequent legal battles.
These legal proceedings culminated in the shift from bankruptcy to civil rehabilitation in 2018, with Karpelès facing conviction for falsifying financial records in 2019. The ongoing repayment process marks a chapter in rectifying the financial discrepancies and delivering long-awaited justice to the affected parties.
This structured repayment initiative signifies a pivotal moment of recovery and restitution for the cryptocurrency community influenced by the Mt. Gox debacle.
Read Also:
Mt. Gox Repayment Drama: Creditors Left Hanging?
Mt. Gox Set to Commence Bitcoin and Bitcoin Cash Repayments in July 2024
Genesis Begins Billions in Crypto Repayments: Will Markets Feel the Ripple?
Mt Gox Anticipated Selloffs and German Dumping Fuel BTC Crash
MT. Gox Investment Fund’s Bitcoin Hold Fuels Debate Over Crypto Market Stability
The post Mt. Gox Begins Repayment to Creditors Distributing Bitcoin and Bitcoin Cash appeared first on Crypto News Land.
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Weekly Content Challenge - July Edition: Shared Prize 650 USDT
Join the July Edition “Weekly Content Challenge” campaign and win a total prize of 650 FDUSD every week! This special edition, the first winner of the content will get 1 Special 7YA Binance SWAG package.
Be active on Binance Square by posting articles on predetermined topics and win prizes totaling 650 FDUSD every week. Before creating content, it is important to do your own research when deciding on an investment, and emphasize the need to store crypto in a secure wallet.
Be active on Binance Square by posting articles on predetermined topics and win prizes totaling 650 FDUSD every week. Before creating content, it is important to do your own research when deciding on an investment, and emphasize the need to store crypto in a secure wallet.
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#TexasBTCReserveBill As of March 6, 2025, the Texas Senate has passed Senate Bill 21 (SB 21) with a 25-5 vote, advancing the proposal to establish a state-controlled cryptocurrency reserve. This bill, introduced by Senator Charles Schwertner, authorizes the state comptroller to purchase, hold, and manage Bitcoin and other digital assets as a hedge against inflation and economic volatility. The reserve would be funded through legislative appropriations and donations from private citizens and corporations.
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