Mt. Gox

Blockchain analytics firm Arkham has reported that the defunct cryptocurrency exchange Mt. Gox transferred 12,000 Bitcoin (CRYPTO: BTC), valued at approximately $709.44 million, to an unidentified wallet on Tuesday night. What Happened: The transaction occurred at around 11:39 p.m. UTC and involved...

A crypto wallet that recently received $2 billion in Bitcoin (CRYPTO: BTC) from the trustee of the now-defunct Mt. Gox exchange conducted a test transaction on Tuesday, potentially signaling the start of fund distributions to creditors. What Happened: Analysts at blockchain analytics firm Arkham...

Even as Bitcoin (CRYPTO: BTC) has rebounded significantly, nearing the $70,000 mark, key indicators are pointing towards continued growth in the cryptocurrency market. What Happened: The price of Bitcoin has returned above $63,500, which is significantly above the average realized price for short-...

Another batch of Bitcoin (CRYPTO: BTC by defunct exchange Mt. Gox, totaling $2.8 billion, was moved on Wednesday. What Happened: This follows similar transfers on Tuesday, raising concerns about a potential price drop due to selling pressure. According to data from Arkham Intelligence, Mt. Gox...

Several Bitcoin exchange-traded funds (ETFs) experienced substantial inflows on Monday, with BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) leading the charge. What Happened: According to data from SoSo Value, IBIT saw an impressive inflow of $526.7 million, solidifying its position as the...

Bitcoin (CRYPTO: BTC) has demonstrated exceptional resilience this week, according to fresh analysis by QCP Capital. What Happened: Despite ongoing challenges such as continued Mt. Gox Bitcoin supply releases and declining equity markets, Bitcoin’s price action has remained relatively stable...

Bitcoin prices recently saw a near 6% dip as Mt. Gox began issuing long-overdue payments to its creditors, marking a crucial moment in resolving one of the most infamous events in cryptocurrency history. Mt. Gox, once the largest cryptocurrency exchange globally, filed for bankruptcy in 2014...

The trustee of Mt. Gox, the defunct Japanese crypto exchange that collapsed a decade ago, announced Friday that the company has started issuing payments in Bitcoin (CRYPTO: BTC) and Bitcoin Cash (CRYPTO: BCH) to some of its creditors. Additional repayments to other users of the compromised exchange...

Shares of Bitcoin mining companies, including Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT), are falling Friday as the price of Bitcoin dips below $56,000.  The Details: Bitcoin has fallen nearly 12% over the past five days as investors watch the movement of a...

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower Friday as the price of Bitcoin falls. Here's a look at what to know.  What To Know: MicroStrategy is the largest institutional holder with 226,331 Bitcoins, making the stock susceptible to fluctuations correlated to the price of the...

The cryptocurrency market has experienced a significant downturn. What Happened: Bitcoin (CRYPTO: BTC) and other digital assets plummeted as investors shifted focus toward the impending payout to users of the defunct Mt. Gox exchange. As of 6:00 a.m. EST, Bitcoin’s price had fallen nearly 6%...

Analysts are split about the impact of the nearly $9 billion worth of Bitcoin (CRYPTO: BTC) about to be disbursed to victims of the defunct Mt. Gox exchange. What Happened: Mt. Gox, which once handled 80% of global dollar trades for Bitcoin, shut down in February 2014 when Bitcoin was valued at...

Following a decade of bankruptcy, the Tokyo-based bitcoin exchange, Mt. Gox, is set to return nearly $9 billion worth of bitcoin (CRYPTO: BTC) to its users, sparking concerns among investors. What Happened: Mt. Gox, which filed for bankruptcy in 2014 after a series of hacks, will commence the...

JPMorgan (NYSE:JPM) analysts are predicting a potential bump in the road for Bitcoin (CRYPTO: BTC) prices this July. What Happened: Their report, released Wednesday, highlights the upcoming repayments to creditors of defunct crypto exchange Mt. Gox as a source of downward pressure on the market...

Defunct cryptocurrency exchange Mt. Gox has announced that it will start distributing assets stolen from clients during a 2014 hack starting in the first week of July. What Happened: Following the announcement of the repayments, Bitcoin prices dropped from over $62,300 to about $60,500 in early...