Bitcoin News: Defunct Exchange Mt. Gox Moves $1B in BTC to Two Wallets; Prices Steady Near $87K

Bitcoin News: Defunct Exchange Mt. Gox Moves $1B in BTC to Two Wallets; Prices Steady Near $87K

This is the third significant on-chain movement of funds by the exchange in four weeks.

Mt. Gox Transfers $2.43 Billion in Bitcoin as Creditors Prepare for Repayments

In a move that has stirred the cryptocurrency community, Mt. Gox, the notorious exchange that halted withdrawals in 2014 after a massive hacking incident, has recently sent 24,052 BTC, worth about $2.43 billion, to a new wallet labeled "1N7jW."

Mt. Gox Moves $1 Billion In BTC Again—Is A Market Shakeup Coming?

Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets. Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th. The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,6…

Mt. Gox has made transfers for more than 11,000 BTC in the last 24 hours, but analysts claim that there is no clear evidence of an imminent payment to creditors. *** Mt. Gox sent 10,608 BTC to a new exchange address and another 893 BTC to a hot wallet. Authorities still do not confirm direct payments to creditors, despite the deadline set for October 31. Bitcoin’s price just dropped 0.5%, reflecting calm in the market. There are expectations as …

Mt. Gox Moves $1 Billion in Bitcoin—But Payments Aren't Going Out, Says Glassnode

Despite moving roughly $1 billion worth of Bitcoin three times in March, there's no evidence Mt. Gox repayments are resuming, said Glassnode.

Bitcoin Holds Steady Despite Mt Gox Transfers – Markets and Prices Bitcoin News

Bitcoin held steady near $88,000 even as roughly $1 billion worth of BTC was quietly moved from the defunct Japanese exchange Mt Gox. Bitcoin Price Unfazed by Massive Mt. Gox Wallet Activity Some 11,501 bitcoins were quietly shuffled around Tuesday morning from Mt Gox, which filed for bankruptcy in 2014, but the activity, which could […]