Bitcoin Cash Jumps 7% amid Mt. Gox Repayments, Eyes $400
The trading volume of Bitcoin Cash rose by 11.28%, currently standing at $257 million with a market capitalization of $7.4 billion.
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The trading volume of Bitcoin Cash rose by 11.28%, currently standing at $257 million with a market capitalization of $7.4 billion.
Cryptocurrency exchange Bitstamp is set to send Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt. Gox creditors, adding supply to the market.
Bitcoin Cash (BCH) has faced notable turbulence, with its price slipping by 5% amid a flurry of activity related to Mt. Gox repayments.
Creditors of the bankrupt crypto exchange Mt. Gox are finally receiving Bitcoin (BTC) and Bitcoin Cash (BCH) payments. Kraken chief executive Dave Ripley announced on Tuesday that his exchange had successfully distributed the BTC and BCH from the Mt. Gox estate.
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee's efforts in preserving the coins' value despite legal challenges. Kraken Distributes Mt.
Bitstamp, one of the world's most established crypto exchanges, has initiated the process of returning digital assets to creditors of the infamous Mt. Gox exchange.
Bitstamp announced it received digital assets from Mt. Gox trustees and would begin distributing the funds on Thursday.
The value of BCH, the native coin of the peer-to-peer electronic cash system, Bitcoin Cash, has declined steadily in the past few weeks. Exchanging hands at $370.21 as of this writing, the altcoin's value has plummeted by 5% in the last seven days.
Bitcoin Cash price dipped in value following the start of the Mt. Gox repayment program.
On Tuesday, Kraken CEO Dave Ripley announced that they had "successfully distributed" Bitcoin and Bitcoin Cash to customers impacted by the hack.
After a decade, the creditors of the Mt. Gox hack, which quickly depleted many investors' wealth, received significant relief. Dave Ripley, CEO of Kraken, announced that Kraken has successfully distributed Bitcoin and Bitcoin Cash from the Mt. Gox estate to creditors.
After a decade-long wait, creditors of the now-defunct Mt. Gox Bitcoin exchange have finally begun receiving their owed Bitcoin (BTC) and Bitcoin cash (BCH) via the Kraken and Bitstamp crypto exchanges.
Right when Bitcoin (BTC) and the rest of the crypto market showed signs of recovering,
The payout comes after Kraken received 48,641 BTC from the Mt. Gox Rehabilitation Trustee last week to give to creditors.
Bitcoin Cash starts the week on a bullish note, rising by a modest 0.8% to trade at $388 on Monday. Based on the BCH price prediction looking at the technical structure and fundamentals, a major rally is on the horizon, likely to push the 16th-largest cryptocurrency to $515.
The highly anticipated Bitcoin Cash (BCH) Conference is set to take place in Buenos Aires, Argentina from October 12 to October 14, 2024. The event, hosted at the stunning Calima Eventos in the Puerto Madero area, promises a blend of networking, innovation, and entertainment over three days.
Bitcoin cash price broke above $380 on July 17, up 33% uptick in 7-days, on-chain data suggest Mt Gox payouts have increased media buzz surrounding BCH
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors' accounts within 7 to 14 days.
Mt. Gox News: The collapsed exchange has initiated repayments to its creditors with Bitcoin (BTC) and Bitcoin Cash (BCH), marking a significant step forward in the long-awaited compensation process. As of July 16, 2024, Nobuaki Kobayashi, the Rehabilitation Trustee, has successfully disbursed payments to over 13,000 creditors out of approximately 20,000.
Jan3 CEO and popular Bitcoin bull Samson Mow believes that beneficiaries from the repayment exercise of the defunct cryptocurrency exchange Mt.Gox might waste no time to offload their Bitcoin Cash (BCH) holdings. Mt.Gox Customers Set to Trade Bitcoin Cash For BTC The conversation started earlier on X with Mow speculating that only about 20% of
Crypto exchange Kraken on Tuesday sent email to Mt. Gox creditors confirming that they have received funds from the beleaguered exchange trustee.
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution.
With the increasing chances of a bullish rally in the crypto market next week, the altcoins are hot picks for smart money. As the US Bitcoin Spot ETF inflows are rising, the BTC price is on the verge of crossing the lost level of $60K.
After years of legal battles and negotiations, the Mt. Gox Rehabilitation Trustee has commenced the distribution of recovered assets to creditors.