\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The inverse product will be listed at about 7.8 Hong Kong dollars per unit. The ETF will be the first of its kind in Asia.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to the company's announcement<\/a>, the ETF \"aims to provide investment results that, before fees and expenses, closely correspond to the one-time inverse daily performance of the S&P Bitcoin Futures Index (the \"Index\").\"<\/em><\/p>\n\n\n\n

The inverse product will be listed at about 7.8 Hong Kong dollars per unit. The ETF will be the first of its kind in Asia.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Hong Kong Stock Exchange (HKEX) is set to list the CSOP Bitcoin Future Daily (-1x) Inverse Product on July 23. The ETF by CSOP Asset Management allows investors to profit from the declines in the price of Bitcoin.<\/p>\n\n\n\n

According to the company's announcement<\/a>, the ETF \"aims to provide investment results that, before fees and expenses, closely correspond to the one-time inverse daily performance of the S&P Bitcoin Futures Index (the \"Index\").\"<\/em><\/p>\n\n\n\n

The inverse product will be listed at about 7.8 Hong Kong dollars per unit. The ETF will be the first of its kind in Asia.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

\"\"
Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 10 11 12 13 14 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • The inverse ETF has been lauded for its potential to enable crypto to go mainstream.\u00a0<\/li>\n<\/ul>\n\n\n\n

    The Hong Kong Stock Exchange (HKEX) is set to list the CSOP Bitcoin Future Daily (-1x) Inverse Product on July 23. The ETF by CSOP Asset Management allows investors to profit from the declines in the price of Bitcoin.<\/p>\n\n\n\n

    According to the company's announcement<\/a>, the ETF \"aims to provide investment results that, before fees and expenses, closely correspond to the one-time inverse daily performance of the S&P Bitcoin Futures Index (the \"Index\").\"<\/em><\/p>\n\n\n\n

    The inverse product will be listed at about 7.8 Hong Kong dollars per unit. The ETF will be the first of its kind in Asia.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

    Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

    CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

    Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

    The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

    According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

    \"\"
    Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

    In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

    CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

    Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

    Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

    At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 10 11 12 13 14 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The ETF allows investors to profit from a declining Bitcoin price.<\/li>\n\n\n\n
  • The inverse ETF has been lauded for its potential to enable crypto to go mainstream.\u00a0<\/li>\n<\/ul>\n\n\n\n

    The Hong Kong Stock Exchange (HKEX) is set to list the CSOP Bitcoin Future Daily (-1x) Inverse Product on July 23. The ETF by CSOP Asset Management allows investors to profit from the declines in the price of Bitcoin.<\/p>\n\n\n\n

    According to the company's announcement<\/a>, the ETF \"aims to provide investment results that, before fees and expenses, closely correspond to the one-time inverse daily performance of the S&P Bitcoin Futures Index (the \"Index\").\"<\/em><\/p>\n\n\n\n

    The inverse product will be listed at about 7.8 Hong Kong dollars per unit. The ETF will be the first of its kind in Asia.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n

    Launch Of CSOP Bitcoin Futures ETF<\/h2>\n\n\n\n

    CSOP says the new inverse Bitcoin ETF follows its 2022 breakthrough in its Bitcoin Futures ETF. Consequently, the launch underscores CSOP's continued expansion in the Asia-Pacific region. Similarly, HKEX has become a hub<\/a> for crypto ETFs since late 2022.<\/p>\n\n\n\n

    Zeta Markets founder Tristan Frizza believes products like inverse ETFs can potentially balance speculative activities. He says the products can increase market stability and contribute to the acceptance of crypto as an asset class.<\/p>\n","post_title":"Asia's First Bitcoin Futures Inverse ETF To Debut On HKEX On July 23","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"asias-first-bitcoin-futures-inverse-etf-to-debut-on-hkex-on-july-23","to_ping":"","pinged":"","post_modified":"2024-07-26 22:20:19","post_modified_gmt":"2024-07-26 12:20:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17925","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17973,"post_author":"15","post_date":"2024-07-26 21:53:11","post_date_gmt":"2024-07-26 11:53:11","post_content":"\n

    The defunct crypto exchange Mt. Gox transferred Bitcoin to different wallets on Wednesday.<\/p>\n\n\n\n

    According to Arkham data,<\/a> Mt. Gox moved 37,400 BTC worth $2.5 billion from its main wallet to a new one labeled \"12Gws9E,\" and an additional $300 million to an existing cold wallet. Another $300 million was moved to wallet \"1MzhW,\" with $130 million transferred to the crypto exchange Bitstamp.<\/p>\n\n\n\n

    \"\"
    Mt. Gox currently holds $6 billion in BTC, down from $9 billion on July 10. BTC prices haven't moved much during this period.<\/figcaption><\/figure>\n\n\n\n

    In early July, the defunct exchange began repaying creditors affected by the 2014 hack. Over $9 billion worth of BTC and $73 million of Bitcoin Cash (BCH) will be distributed to traders in the coming months.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Mt. Gox Starts Paying Back Creditors In Bitcoin After 10-Year Wait<\/a><\/p>\n\n\n\n

    CryptoQuant Data And Bitcoin Withdrawals<\/h2>\n\n\n\n

    Data <\/a>from CryptoQuant shows a significant increase in Bitcoin withdrawals from Kraken, one of the exchanges managing the repayments. Over the past 24 hours, more than 5,000 BTC, worth about $329 million, has been withdrawn.<\/p>\n\n\n\n

    Many recipients are transferring their recovered assets to self-custody wallets instead of cashing out immediately.<\/p>\n\n\n\n

    At the time of writing, the price of BTC is trading at $64.5k which is a 2.5% decline from the past 2 days.<\/p>\n","post_title":"Mt. Gox Begins Repaying Creditors, Moves $2.5 Billion In BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"mt-gox-begins-repaying-creditors-moves-2-5-billion-in-btc","to_ping":"","pinged":"","post_modified":"2024-07-26 21:53:15","post_modified_gmt":"2024-07-26 11:53:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17973","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 10 11 12 13 14 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n