JUST IN: Movements Spotted From $2.2 Billion Mt. Gox Wallet
13.08.2024 16:14 1 min. read Alexander Stefanov
Failed cryptocurrency exchange Mt. Gox is on its last stage of reimbursing clients with Bitcoin (BTC).
According to data from Arkham Intelligence, a wallet that received $2.19 billion in Bitcoin from Mt. Gox has just initiated test transactions.
This wallet “bc1q26” is likely Bitgo, the 5th and final exchange working with Mt. Gox Trustee to distribute funds to creditors.
So the main question now is when will they start distributing and could this have a negative impact on BTC’s price?
During the initial Bitcoin distribution through the top crypto exchange Kraken we witnessed a significant price drop that affected not only BTC, but the whole crypto market aswell.
At the time of writing, Bitcoin is trading at $59,180 after a 1% drop in the past 24 hours and has $33 billion in trading volume. Despite this slight drop, BTC is up almost 8% on the weekly chart.
-
1
Bitcoin Mining Faces Uncertainty as Tariffs Threaten Supply Chains
03.04.2025 20:45 2 min. read -
2
Bitcoin Bull Cycle Ends as Market Shifts to Bearish Trend, According to CryptoQuant
06.04.2025 19:00 2 min. read -
3
Bitcoin Startup Funding Soars, But Capital Inflows Remain Limited
05.04.2025 13:59 2 min. read -
4
Crypto Strategist Sees Bullish Potential for Bitcoin Despite Bearish Trend
07.04.2025 16:00 1 min. read -
5
Lomond School Becomes First in UK to Accept Bitcoin for Tuition Payments
12.04.2025 11:00 1 min. read
U.S State of Arizona Moves Closer to Making Bitcoin Part of State Investments
Bitcoin could soon play an official role in Arizona’s public finance system. This week, state lawmakers approved the Arizona Strategic Bitcoin Reserve Act, a bill that would allow up to 10% of treasury and retirement fund assets to be invested in digital assets like Bitcoin.
BlackRock Buys Nearly $1 Billion in Bitcoin
Institutional hunger for Bitcoin is accelerating — and BlackRock is leading the charge.
Institutional Demand Fuels Bitcoin Optimism as $210K Target Looms
Despite a rocky year for global markets, Presto’s head of research, Peter Chung, remains unfazed about Bitcoin’s long-term potential.
Bitcoin Rally Gains Steam as Analyst Points to $103K Milestone
Bitcoin started the week strong, climbing past $94,000 and nearing the $95,000 mark, just as the market braces for important U.S. economic data.
-
1
Bitcoin Mining Faces Uncertainty as Tariffs Threaten Supply Chains
03.04.2025 20:45 2 min. read -
2
Bitcoin Bull Cycle Ends as Market Shifts to Bearish Trend, According to CryptoQuant
06.04.2025 19:00 2 min. read -
3
Bitcoin Startup Funding Soars, But Capital Inflows Remain Limited
05.04.2025 13:59 2 min. read -
4
Crypto Strategist Sees Bullish Potential for Bitcoin Despite Bearish Trend
07.04.2025 16:00 1 min. read -
5
Lomond School Becomes First in UK to Accept Bitcoin for Tuition Payments
12.04.2025 11:00 1 min. read
