Bankrupt crypto exchange Mt. Gox shuffled nearly 1,620 Bitcoin through a series of unknown wallets less than two weeks after it did the same with over 24,000 BTC.
The Polish police detained a Russian citizen linked to the now-collapsed WEX exchange for alleged fraud and money laundering. US authorities solicited his extradition for his crypto-related crimes and currently await the completion of the extradition process. Related Reading: ‘Most Horrible’ Crypto Launch? On-Chain Investigator Accuses ‘Hawk Tuah’ Girl Of Memecoin Scam WEX’s ‘Crypto King’ […]
Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months. Related Reading: ‘Bitcoin Jesus’ Roger Ver Slams US Overreach Amid Indictment Battle – Details A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet. […]
Mt. Gox is back in the news, this time, transferring 32,371 Bitcoin, valued at $2.19 billion at current prices, to an undisclosed address. The transaction from a defunct crypto exchange happened when Bitcoin’s market price was stuck in the $65k to $73k range and anticipating the results of the US elections. Related Reading: No Comeback: […]
Mark Karpelès, the former CEO of the now-defunct Mt. Gox cryptocurrency exchange, has re-entered the Bitcoin space with a new venture named EllipX. Karpelès announced this development today via a post on X, unveiling the EllipX Wallet—a product aimed at transforming the security and accessibility of crypto management. Karpelès New Bitcoin Venture The first announcement […]
Defunct Japanese-based Bitcoin exchange, Mt. Gox, has executed another massive BTC transfer, moving over $2 billion worth of BTC to crypto wallet addresses. The exchange’s repayment plan is nearing its end, experiencing a significant reduction in its previously substantial distribution funds. Mt. Gox Moves Over 33,000 BTC In a recent X (formerly Twitter) post, AI-powered blockchain analytics […]
Bitcoin is shaky at spot rates, looking at the formation in the daily chart. The leg-up to spot rates meant the world’s most valuable coin shot by roughly 30%, rising from the pits of $53,500 to around $70,000 over the weekend. Mt. Gox Overhang Gone, A Relief For Bitcoin As prices cool off, rapidly finding […]
Following Kraken exchange’s recent distribution, Mt. Gox creditors have now been slated to receive the final batch of their long-awaited funds. Earlier today, Bitstamp, a renowned digital currency exchange, announced it will distribute the next batch of Bitcoin, Bitcoin Cash, and Ethereum to affected parties. Related Reading: Mt. Gox Sends Bitcoin Again, This Time To […]
Mt. Gox, the defunct crypto exchange, has initiated another transaction as part of its ongoing repayment plan to creditors, this time moving a small amount of Bitcoin (BTC) to Bitstamp, another major exchange participating in the distribution of funds to Mt. Gox’s former users. Mt. Gox Trustee Continues Bitcoin Distribution According to the latest data […]
Bitcoin defies gravity and is surprisingly resilient against a wave of selling pressure from the Mt. Gox distribution. As of writing, not only is BTC firm above $60,000 but has managed to stand above $62,500, a level of interest especially by traders. So far, Bitcoin remains in an uptrend, and upbeat traders are looking at […]
Bitcoin remains within an uptrend from a top-down preview, looking at the performance in the daily chart, especially in Q1 2024. Bulls appear to be taking over, with the coin floating above $60,000. There Is Oversupply In Bitcoin: Will Prices Fall? Not everyone is convinced that the uptrend will last, at least based on on-chain […]
Bitcoin is in focus, especially now that the broader market is in the red and some sectors, mostly meme coins, are sliding. Even as BTC comes under immense selling pressure, on-chain data points to strength. Over 1 Million Bitcoin Wholecoiners While the price struggles for traction, the number of wholecoiners, or addresses with at least […]
Mt. Gox creditors on Reddit claim they've begun receiving payments from the exchange, nearly 10 years after it first shut down.