Mt. Gox News

Mark Karpelès, former Mt. Gox CEO, announced his new crypto exchange to “make right what went wrong” with the defunct Bitcoin trading venue. Speaking at the Korea Blockchain Week 2024, Karpelès said the new crypto exchange, dubbed EllipX, would be…

Bitcoin’s price remained in a tight range on Aug. 19, continuing a consolidation phase that has persisted for almost two weeks. Trading at $58,000, Bitcoin (BTC) contributed to a 2.2% decline in the global crypto market cap, bringing it down…

Last week, crypto exchange BitGo confirmed plans to distribute the final Mt. Gox creditor repayments; Kamala Harris overtook Donald Trump on Polymarket; and crypto startups secured $130 million in VC funding. Mt. Gox final creditor repayments Harris vs. Trump US…

BitGo, the fifth and final crypto exchange working with the Mt. Gox Trustee, has made on-chain Bitcoin transactions ahead of creditor repayments. BitGo wallet labeled “bc1q26” transferred 33,105 Bitcoin (BTC) worth around $2 billion, on Aug. 12, according to Arkham…

Ten years after its collapse, the Mt. Gox crypto exchange finally began paying off creditors. What is the reason for this process, which has dragged on for a decade?  Let’s dive deep into the chronology of events associated with the…

The Mt. Gox Trustee sent $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan. After sending about $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the…

On Wednesday, Bitcoin’s price dipped below $66,000 as news surfaced of another multi-billion dollar BTC transfer from defunct crypto exchange Mt. Gox . On Tuesday, July 30, the Mt. Gox estate moved another batch of nearly 34,000 Bitcoin (BTC) —…

Last week in crypto, Republican presidential candidate Donald Trump spoke at the Bitcoin 2024 conference; spot Ethereum ETFs began trading, but ended the week with net outflows; exchanges and creditors confirmed Mt. Gox repayments. In case you missed them, here…

Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange. 

Mt. Gox recently moved a significant amount of Bitcoin to the Bitstamp cryptocurrency exchange amid ongoing creditor repayments. On-chain data provided by Arkham Intelligence shows that the initial transaction occurred today at 04:46 UTC, involving the movements of 32,371 BTC…

Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16.

Defunct crypto exchange Mt. Gox has moved more than more than 47,000 Bitcoin (BTC) to two new addresses. According to data from Arkham Intelligence, two major transactions were recorded on July 23.  One transaction saw about 42587.49 BTC, worth approximately…

Bitcoin’s positive sentiment has witnessed a “serious decline,” according to analysts at market intelligence platform Santiment. On Thursday, as Bitcoin (BTC) struggled to reclaim its recent upward trajectory, Santiment shared that funding rates suggest a surge in bearish bets. “Positive…

This is yet another embarrassment for those overseeing the Mt. Gox bankruptcy, with one Reddit user quipping that the fright was karma for criticizing how incompetent the entire operation has been. It’s been a horrible 10 years for the early…

At least one major centralized crypto exchange has confirmed receiving Bitcoin allocated for Mt. Gox creditor repayments. 

German authorities sold 10,567 BTC worth $600 million today, significantly contributing to an 18% drop in Bitcoin’s price over the past month, alongside sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. EST, Thursday, July 11, the wallets…