Bitcoin Cash (BCH)

Mt. Gox has made its fourth repayment in Bitcoin (BTC) and Bitcoin Cash (BCH) to several creditors. 

Mt. Gox Makes Fourth Repayment 

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Mt. Gox Makes Fourth Repayment.webp

Mt. Gox Makes Fourth Repayment in BTC and BCH 

This report will explore BCH's historical performance, analyze recent trends, and examine potential future price movements.

Bitcoin Cash (BCH): Price Predictions and Future Prospects

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Creditors of Mt. Gox have finally started accepting repayments in Bitcoin and Bitcoin Cash through the Kraken exchange. 

Mt. Gox Creditors Start Accepting Bitcoin and Bitcoin Cash Via Kraken

<img src="https://static.bittime.com/cms-static/upload/Mt_Gox_Creditors_67fd6dced3.webp" alt="Mt. Gox Creditors" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Creditors Mt. Gox eventually started accepting compensation in the form of Bitcoin and Bitcoin Cash via the Kraken exchange. This good news comes after a long process since the bankruptcy of Mt. Gox a few years ago.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Bankruptcy of Mt. Gox</h2>Mt. Gox, which at one time was one of the world's largest crypto exchanges, went bankrupt in 2014 after losing around 850,000 Bitcoins to a hacker attack.&nbsp;This bankruptcy resulted in huge losses for its users and shocked the entire crypto industry. Since then, creditors of Mt. Gox had hoped to recover some of their lost funds.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Creditor Compensation Payment Process Mt. Gox</h2>After several years of waiting, Mt. Gox creditor has begun receiving compensation through Kraken after the exchange received 48,641 Bitcoins (worth more than $3 billion) from the bankruptcy administrator of Mt. Gox on July 16th.&nbsp;This payment is part of rehabilitation efforts to recover some of the losses experienced by creditors. Sending funds to creditors is carried out via Kraken, which is expected to complete the distribution process within one to two weeks.&nbsp;Additionally, according to crypto tracking company Arkham, Mt. Gox has also moved 42,587.49 Bitcoins (approximately $2.8 billion) to new addresses as part of this distribution process.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Impact on Crypto Markets</h2>This news was welcomed by creditors who have been waiting years to get their funds back. Creditors can take comfort in getting some of the compensation they have long awaited. This process also shows progress in rehabilitation and fund recovery efforts in the crypto industry.Meanwhile, distribution of large amounts of Bitcoin is also possible to influence the crypto market. With over $3 billion in Bitcoin released into the market, there is the possibility of significant price fluctuations. However, until now, the direct impact of this distribution on Bitcoin prices remains to be observed further.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Mt. Gox Creditors.webp

Presto Labs recommends going long on Bitcoin (BTC) and short on Bitcoin Cash (BCH). What is the reason for this recommendation? Read this article to find out!

Long BTC and Short BCH Positions

<img src="https://static.bittime.com/cms-static/upload/Long_BTC_and_Short_BCH_Positions_3a38bf6116.webp" alt="Long BTC and Short BCH Positions" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Presto Labs, a trading company based in Singapore, provides recommendations for taking a long position on Bitcoin (BTC) and short on Bitcoin Cash (BCH). What is the reason for this recommendation? Read this article to find out!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Bankruptcy Mt. Gox</h2>Mt. Gox, once the world's largest crypto exchange, suffered a major hack in 2014 that resulted in the loss of hundreds of thousands of BTC.&nbsp;After years of legal proceedings, affected creditors began receiving compensation in the form of BTC and BCH.&nbsp;Total compensation of more than $73 million in BCH and $9 billion in BTC will be distributed to the market in the period between July 1 and October 31, 2024.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Presto Labs: Long BTC dan Short BCH</h2>Presto Labs, through their market analysts led by Peter Chung, suggests a market neutral trading strategy. This strategy involves going long on BTC and short on BCH.&nbsp;Presto Labs argues that this will allow investors to take advantage of the differences in supply and demand dynamics resulting from Mt payments. Gox.According to Presto Labs, selling pressure on BCH will be 4 times greater than on BTC. Data shows that BTC's trading volume in the last 24 hours reached more than $27 billion, while BCH only reached $180 million. Thus, going long on BTC and short on BCH is considered the most efficient way to take advantage of this opportunity.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Airdrop_Hamster_Kombat_Bittime_7831a61198.webp" alt="Airdrop Hamster Kombat Bittime.webp" width="1600" height="332"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Impact on Crypto Markets</h2>Compensation payments by Mt. Gox is expected to have a significant impact on the crypto market. A surge in BTC and BCH supply can cause sharp price fluctuations. Investors and traders around the world will be monitoring these developments closely to adjust their trading strategies accordingly.Presto Labs also emphasizes the importance of a deep understanding of market dynamics and technical analysis in situations like this. They advise investors to be careful and conduct thorough analysis before making any trading decisions.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Long BTC and Short BCH Positions.webp

Presto Labs: Go Long BTC and Short BCH Positions During Repayment Mt. Gox

Bitcoin Cash Coin Price Prediction 2024 - 2025 - 2030: BCH Analysis

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