Bitcoin: Will Mt. Gox repayments crash the market?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Mt. Gox begins debt repayment, moving 44,527 BTC and sparking fears of mass selling, causing BTC to dip below $63,000 with 787,506 active addresses.

Mt. Gox’s repayment moves 44,527 BTC internally, triggering market concerns and renewed selling pressure.

Mt. Gox collapsed in 2014 following a major hack that resulted in the loss of hundreds of thousands of. The exchange has now started repaying its debt, initiating a series of transactions. Shortly after, a larger movement of 44,527 BTC, valued at approximately $2.84 billion, was recorded. These transactions suggest the exchange is preparing to distribute funds to creditors.saw a Mt. Gox-linked wallet move 47,000 BTC, valued at about $2.7 billion, to a new wallet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines