Mt. Gox 200,000 Bitcoins May Reach The Market In 2 Months. If True, Will It Tank The market?

The rehabilitation trustee overseeing Mt. Gox’s civil rehabilitation process has initiated a critical phase – the confirmation of creditors’ Bitcoin addresses for repayments. This development marks a significant milestone in the saga, signaling a move towards closure for thousands of…

Mt. Gox Creditors Get More Time to Register Repayment Preferences

Creditors of the now-defunct Mt. Gox cryptocurrency exchange will have additional time to decide how they would like to receive their repayments and to provide the necessary payee information. New March 10 Deadline Nobuaki Kobayashi, trustee of Mt. Gox, announced…

Bitcoin to Breach $20K in Coming Weeks?

According to many experts, Bitcoin’s renewed upward trajectory could quickly lead to a much-anticipated breakout over the $20,000 line. Matthew Dibb, COO at Stack Funds, said that, “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts…

Bitcoin Decline Related to Mt. Gox Liquidation?

Bitcoin had a bad week, and that is an understatement. BTC declined in price for about 20% since last week. For five days in a row now, Bitcoin has slumped against the US Dollar. Since 2010, there have been 23…