Mt. Gox

A glimmer of hope has emerged for creditors of the defunct Mt. Gox crypto exchange, with some creditors having reportedly received updates on their claims. What Happened: The updates include the number of Bitcoin (CRYPTO: BTC) the creditors receive and, in some cases, even repayment dates,...

CNBC "Mad Money" host Jim Cramer reiterated his cautious stance on Bitcoin (CRYPTO: BTC) prices and its inability to regain stability. What Happened: Bitcoin is down 20% since its spot ETFs launched, but Cramer's new theme is "Number Go Down:" Now that Bitcoin'...

Mt. Gox, the once-dominant Bitcoin (CRYPTO: BTC) exchange that ceased operations in 2014, announced imminent cash repayments to some creditors. In an email sent to creditors, the exchange indicated the rehabilitation trustee was working to initiate cash repayments within 2023,...

The rehabilitation trustee of Mt. Gox, once the world's largest Bitcoin exchange, has announced a postponement in its repayment deadlines. The decision comes as the trustee grapples with the complexities of gathering necessary information from rehabilitation creditors and coordinating with...

Bitcoin (CRYPTO: BTC) has experienced a 5% surge in its price over the past week, a rise attributed to speculations about a potential postponement of Mt. Gox's repayments until 2024, according to a report. Although crypto trading firm QCP Capital still expects Bitcoin to fall to $22,000 in...

The U.S. Department of Justice (DOJ) unsealed charges against two Russian nationals, Alexey Bilyuchenko, age 43, and Aleksandr Verner, age 29, for their alleged involvement in the infamous 2011 hack of the Mt. Gox cryptocurrency exchange and the subsequent operation of the shadowy cryptocurrency...

Cryptocurrency services provider Matrixport analyzed the potential market impact of the Mt. Gox haul and concluded that it would have a limited effect on Bitcoin's (CRYPTO: BTC) price. However, investors should still be aware of the eventual distribution of the 850,000 stolen Bitcoin from...

Recent activity in long-dormant Bitcoin (CRYPTO: BTC) wallets has caught the attention of the crypto community, sparking speculation about the motivations behind these moves. These wallets are owned by so-called "whales," or holders of large amounts of cryptocurrency whose actions can...

UBS (NYSE: UBS) has issued a report stating that concerns over the release of large amounts of Bitcoin (CRYPTO: BTC) onto the market as a result of the Mt. Gox bankruptcy repayments are overdone. While creditors of the now-defunct cryptocurrency exchange are set to recover some of their funds after...

Bitcoin (CRYPTO: BTC) exchange Mt. Gox trustee Nobuaki Kobayashi announced that the deadline for creditors to choose their preferred method of repayment and register their payee information has been extended from Jan. 10 to March 10. According to the statement, the extension was granted due to the...

Cryptocurrency exchanges are once more in focus after the bankruptcy of Sam Bankman-Fried founded FTX. It is estimated that at least $1 billion of customer funds evaporated from the now-collapsed exchange, reported CNN. However, the imagination of the "cryptoverse" was dominated by the...

Some 137,000 Bitcoin (CRYPTO: BTC) are to be released into crypto markets from funds associated with 2011’s Mt. Gox hack. After the hack, another 850,000 Bitcoin was lost. Mt. Gox announced a “Rehabilitation Plan” last year to re-compensate investors who lost their funds years...

Ark Invest launched a new product over the weekend called The Bitcoin Monthly. Here’s what was covered in the first-ever issue of the online publication. What Happened: Ark Invest launched The Bitcoin Monthly, a monthly “earnings report” that details on-chain activity and...

The potential sell pressure from 150,000 Bitcoins released to Mt. Gox creditors could be cataclysmic for Bitcoin (CRYPTO: BTC) according to some market analysts. What Happened: According to Nov. 16 notice from the Mt. Gox Trustee Nobuaki Kobayashi, the rehabilitation plan to disburse 150,000...

Investors are always looking for an edge to beat top stock indexes and legendary stock pickers. Could the answer have been waiting at the pet store all along? What Happened: A hamster named Mr. Goxx has been making cryptocurrency trades for his human owner since June 12. The hamster, who is likely...