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Bitcoin Struggles to Gain Upside Traction as Mt. Gox Delays Bankruptcy Repayments
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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…
·Elkader, United States
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