The trustee of defunct Bitcoin exchange Mt. Gox has again extended the deadline for submitting and approving the rehabilitation plan to repay users. Trustee Blames ‘Large Amount’ Of Claims According to a translated statement, which appeared April 25, Nobuaki Kobayashi, Mt. Gox’s trustee in charge of the rehabilitation process says the new submission deadline is now October 28, 2019. The previous cut-off point was scheduled for Friday this week, but Kobayashi acknowledged that the volume
The post Mt. Gox Bitcoin Stash Won’t Move Until 2020 as Payout Delayed appeared first on Bitcoinist.com.
Mt. Gox is in possession of over 141,000 Bitcoin and more than 142,000 Bitcoin Cash. Does this mean that users will finally get their funds back five years later? Mt. Gox Hodling Funds Worth Over Half a Billion Dollars Ever since the industry was rocked by the collapse of its biggest cryptocurrency exchange in 2014, it’s been a long and painful waiting period for users out of pocket. Thieves stole some 850,000 BTC (then the
The post Mt. Gox Gets Closer to Returning Over 141,000 Bitcoin To Its Users appeared first on Bitcoinist.com.
Venture capitalist and ex-Bitcoin Foundation director Brock Pierce thinks his plan to take over the Mt. Gox rehabilitation process “demonstrates the power of open source.” Avoiding Crypto ‘Lehman Brothers’ Speaking on the latest edition of the Keiser Report February 16, Pierce, who has gained mixed reactions to his ‘Gox Rising’ scheme, said community action was key to ensuring the defunct exchange did not become a cryptocurrency “Lehman Brothers.” “Do we want it to end like
The post Brock Pierce: My Mt. Gox Redemption Plan ‘Shows Power Of Bitcoin’ appeared first on Bitcoinist.com.
A new report by GoxDox, allegedly shows that Mt.Gox trustee Nobuaki Kobayashi dumped bitcoin on cryptocurrency exchanges despite maintaining claims to the contrary. Leaked documents presented in the report point to a massive Bitcoin dump to the tune of $312 million. The Mt.Gox Bitcoin Dumpening According to GoxDox, the Tokyo Bitcoin whale ignored the advice of Kraken CEO, Jesse Powell, on the modalities for the Mt.Gox bitcoin sale. At the time, there were fears of
The post Mt. Gox Bitcoin Dump Killed Last Summer’s Price Rally, New Report Suggests appeared first on Bitcoinist.com.
FUD appears to be dragging Bitcoin price through the mud this week. What is really happening, consolidation or a bearish reversal? Bitcoin Price Market Overview As Bitcoin pulls back from a week of inspiring gains, the mainstream media and an array of Bitcoin pundits are calling this a ‘crash’. Rumors of Mt.Gox trustee, Nobuaki Kobayashi lining up more BTC and BCH for sale have dominated the press and the general sentiment toward bitcoin has turned
The post Bitcoin Price Analysis: It’s Getting Down to the Wire appeared first on Bitcoinist.com.
Nobuaki Kobayashi, the infamous bitcoin whale, and the lead attorney for the Mt. Gox trust may be gearing up for another selloff. Another Round from the Tokyo Bitcoin Whale Kobayashi earned the moniker the “Tokyo bitcoin whale” when he sold $400 million worth of bitcoin and Bitcoin Cash from December 2017 to February 2018. The crypto sale is part of the efforts to pay off the credits of the defunct Mt. Gox bitcoin exchange that went
The post Is the Mt. Gox ‘Bitcoin Whale’ Gearing Up for Another $170M Selloff? appeared first on Bitcoinist.com.
The Mt. Gox trustee who sold over $400 million in Bitcoin (BTC) and Bitcoin Cash (BCH) from December to February had denied affecting the market prices of both cryptocurrencies. A Whale’s Tale According to a transcript of a Q&A session from the 10th Mt. Gox creditors’ meeting, the defunct exchange’s trustee Nobuaki Kobayashi had denied affecting the market price of Bitcoin (BTC) and Bitcoin Cash (BCH) with his high-profile and high-volume sales. “Bitcoin Holder SLAYER”†Nobuaki Kobayashi†
The post Mt. Gox Trustee Who Sold $400 Million Bitcoin Denies Affecting Market Price appeared first on Bitcoinist.com.