HomeBTC UpdatesBitcoin Holding Strong in the Near Future

Bitcoin Holding Strong in the Near Future

Published on


Mt. Gox Denies Reports of $10 Billion Bitcoin and Bitcoin Cash Sale

Mt. Gox, the infamous Bitcoin exchange that collapsed in 2014, has denied reports of a massive $10 billion sale of Bitcoin and Bitcoin Cash. The denial comes in response to concerns raised by significant fund transfers from wallets connected to the exchange.

According to blockchain researcher Collin Brown, cryptocurrency expert Mark Karpelès reassured the community that no Bitcoin sales are planned in the near future. Instead, the trustee is preparing for distribution by moving coins to different wallets.

The price of Bitcoin currently stands at $67,660.48, down 1.90% over the last 24 hours, indicating a bearish trend. Mt. Gox, under the supervision of Rehabilitation Trustee Nobuaki Kobayashi, is in the process of reimbursing cryptocurrency rehabilitation claims as part of the Rehabilitation Plan.

The exchange addressed concerns about the handling of assets, stating that no Bitcoin or Bitcoin Cash has been sold for repayment purposes. Reports of significant Bitcoin movements from Mt. Gox-linked wallets have raised suspicions, with large sums being transferred to new wallets.

Despite the rumors, Mt. Gox maintains that the Rehabilitation Trustee is securely managing the assets and preparing for distribution to rehabilitation creditors. The exchange’s denial of the $10 billion sale rumors aims to quell fears and provide clarity on the situation.

For more details on this developing story, watch the CNF video below. Stay tuned for updates as the situation unfolds.

Latest articles

Solana’s Value Decreases Gradually While JASMY and New AI Meme Coin Raboo Soar

Crypto Market Update: Solana, JASMY, and Raboo The cryptocurrency market is currently experiencing some...

Experts Forecast BDAG to Reach $30, Surpassing BNB and Jasmy Coin

Cryptocurrency Market Update: Binance Coin, Jasmy Coin, and BlockDAG BlockDAG Emerges as Top Contender...

Robinhood confirms acquisition of Bitstamp

Robinhood Acquires Bitstamp: Expanding Crypto Reach Globally Robinhood, the popular trading platform, has made...

Robert Kiyosaki’s Confident Bitcoin Forecast: $350,000 By August “Is Absolutely True”

Forecast: Bitcoin to Reach $350,000 by August, Predicts Robert Kiyosaki Title: Renowned Author Robert...

More like this

Solana’s Value Decreases Gradually While JASMY and New AI Meme Coin Raboo Soar

Crypto Market Update: Solana, JASMY, and Raboo The cryptocurrency market is currently experiencing some...

Experts Forecast BDAG to Reach $30, Surpassing BNB and Jasmy Coin

Cryptocurrency Market Update: Binance Coin, Jasmy Coin, and BlockDAG BlockDAG Emerges as Top Contender...

Robinhood confirms acquisition of Bitstamp

Robinhood Acquires Bitstamp: Expanding Crypto Reach Globally Robinhood, the popular trading platform, has made...
bitcoin
Bitcoin (BTC) $ 67,471.08
ethereum
Ethereum (ETH) $ 2,614.54
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 592.22
solana
Solana (SOL) $ 150.91
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.546454
staked-ether
Lido Staked Ether (STETH) $ 2,613.04
dogecoin
Dogecoin (DOGE) $ 0.128403
tron
TRON (TRX) $ 0.160036