Published 2 months ago

Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments

Summary by Ground News

Mt. Gox announced a one-year delay in its pending BTC bankruptcy repayments. This means that there will be a delay in the return of additional Bitcoin supply to the market. Despite this development, Bitcoin is currently trading 0.4% lower at around $27,000.

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claytoncountyregister.com

Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments

Bitcoin (BTC) continues to face challenges in gaining upward momentum, even after defunct cryptocurrency exchange Mt. Gox announced a one-year delay in its pending BTC bankruptcy repayments. This means that there will be a delay in the return of additional Bitcoin supply to the market. Mt. Gox, which was once the dominant exchange based in Tokyo, was hacked in 2014, resulting in the loss of 850,000 BTC (equivalent to $23 billion). The exchange h…

2 months ago·Elkader, United States

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Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments

1 Articles

1 Articles

Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments

Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments

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