Mt. Gox announced that the deadline for Mt. Gox was extended to October 31, 2025 after being approved by the court.

Mt. Gox Bankruptcy Compensation Extended

<img src="https://static.bittime.com/cms-static/upload/Mt_Gox_Bankruptcy_Compensation_d5886efb62.webp" alt="Mt. Gox Bankruptcy Compensation" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Mt. Gox announced that the deadline for Mt. Gox bankruptcy compensation extended until October 31, 2025.&nbsp;Previously, this deadline had been set at 31 October 2024, but was postponed one year after submitting a request from the bankruptcy administrator and obtaining approval from the court.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/cats?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Body_Banner_5_728824f858.webp" alt="Body-Banner (5).webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Obstacles in Mt. Gox Bankruptcy Compensation Process</h2>Although most eligible creditors have managed to obtain compensation, there are still parties who have not received their payments.&nbsp;In its official statement, the bankruptcy compensation administrator Mt. Gox explained that several creditors experienced problems in the compensation settlement process.&nbsp;This problem is caused by incomplete procedures for receiving compensation or the presence of other problems that require further attention.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/mt-gox-lakukan-repayment-keempat">Mt. Gox Makes Fourth Repayment in BTC and BCH</a>&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">A Brief History of Mt. Gox Bankruptcy</h2>Mt. Gox was one of the largest crypto exchanges in the world at the beginning of the development of Bitcoin and other crypto assets. At the height of its glory, Mt. Gox manages approximately 70% of all global Bitcoin transactions.&nbsp;However, in 2014, the exchange experienced a major hack that resulted in the loss of more than 850,000 Bitcoins from the platform. This hack caused such huge losses to the users that Mt. Gox files for bankruptcy.After the bankruptcy, the bankruptcy compensation process of Mt. Gox to creditors has been slow to achieve significant results in recent years.Over the years, bankruptcy administrators and courts have struggled to identify remaining assets and develop compensation plans for victims.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://support.bittime.com/hc/id/articles/10813570229391--Memecoin-Civil-War-Team-HMSTR-vs-Team-CATI-Menangkan-Total-Hadiah-50-Juta-Rupiah?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/hmstr_vs_cati_010a69d12b.webp" alt="hmstr vs cati.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Mt. Gox Bankruptcy Compensation Process</h2>Until now, the bankruptcy compensation process of Mt. Gox has reached a better stage. Most creditors who have completed compensation procedures correctly have received some or all of the compensation.&nbsp;However, for users who still have not completed the procedures or are experiencing other problems, extending the deadline to 31 October 2025 will be the last opportunity to obtain their rights.Bankruptcy administrator Mt. Gox continues to work closely with creditors and other related parties to ensure that all problems can be resolved within the specified time.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/pembayaran-terakhir-mt-gox">Final Payment Mt. Gox: Potential Impact On The Bitcoin Market</a>&nbsp;<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?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell and&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr">&nbsp;BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr">&nbsp;ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr">&nbsp;SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

thumbnail_Mt. Gox Bankruptcy Compensation.webp

Mt. Gox Bankruptcy Compensation.webp

Mt. Gox Bankruptcy Compensation Extended until October 31, 2025

Mark Karpeles, former CEO of crypto exchange Mt. Gox, plans to launch its new crypto exchange this month with a focus on transparency and user friendliness. 

Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month 

<img src="https://static.bittime.com/cms-static/upload/Former_CEO_of_Mt_Gox_to_Launch_Ellip_X_a_New_Crypto_Exchange_This_Month_65002b0d66.png" alt="Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month" width="1024" height="576"><meta charset="utf-8"><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:0pt;text-align:justify;" dir="ltr"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Mark Karpeles, former CEO of crypto exchange Mt. Gox, plans to launch its new crypto exchange this month with a focus on transparency and user friendliness. The upcoming platform, called EllipX, will launch in Europe later this month with its base in Poland.&nbsp;</h2><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:0pt;text-align:justify;" dir="ltr">"Mt. Gox is based in Poland, so I know it [well] as a country," said Karpeles, adding that the new exchange is currently working to comply with MiCA. Karpeles will oversee the technical aspects of EllipX as chief technology officer.</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;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:2.1;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">EllipX Will Focus on Transparency</h2>The former head of Mt. The Gox said EllipX will focus on ensuring transparency for consumers, especially newcomers to the crypto space. "If you look at the top 100 exchanges, the first few will be the really big ones like Binance, Coinbase... But when you get down the list after five, six names, you won't even know which company is running the exchange," Karpeles said .To ensure transparency on the platform, Karpeles plans to separate the different working bodies of the trading platform. "Because typically, an exchange today does both the brokerage side dealing with customers, and the matching side and the custody side, holding crypto and fiat," Karpeles said.<h2 style="line-height:2.1;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Learn From Past Mistake</h2>The new exchange will have a similar structure to the New York Stock Exchange, but for crypto, Karpeles said.&nbsp;As crypto investors increasingly prioritize transparency, most major crypto asset exchanges claim to offer full transparency and security measures. This became even more important after the case of the FTX exchange collapse, where users entrusted billions of dollars without knowing the illegal transactions carried out behind closed doors by its executives.For crypto investors who are rightfully skeptical, Karpeles said the exchange intends to share technical data with customers to demonstrate full transparency, on top of audits on each separate entity by third parties.Karpeles added that his quest for transparency is heavily influenced by his experience with Mt. Gox, hacking and a decade of work leading to the repayment of funds.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><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:2.1;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">EllipX Will Emphasized on User-Friendliness</h2>In an effort to outperform existing trading giants in the crypto exchange market, the former CEO of Mt. Gox told The Block that EllipX will use user-friendliness as its weapon, especially with the EllipX Wallet introduced last month. Equipped with multi-party computing technology, the EllipX wallet is said to be easier to use, without the need to write phrases on a piece of paper, according to Karpeles.<img src="https://static.bittime.com/cms-static/upload/tweet_1826932937599914083_10cc1065c9.png" alt="Mantan CEO Mt. Gox " width="1080" height="1080">As part of his return to the crypto world, Karpeles is also preparing to launch Ungox, a non-profit organization that will offer a ranking system on crypto projects and exchanges.<h2 style="line-height:2.1;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">The Story of Mt.Gox and Special Discount</h2>Karpeles said that the owners of Mt. Gox NFT will get special discounts on trading fees on its new trading platform, while all customers of Mt. Gox from 2010 to 2014 was eligible to receive NFTs for free.Founded in 2010, Mt. Gox operated the world's largest bitcoin exchange until the platform suffered a major security breach in 2014, resulting in the loss of at least 850,000 BTC. After a decade of working with creditors and trustees, Mt. Gox started paying back the funds earlier this year.<h2 style="line-height:2.1;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Conclusion</h2>The former leader of Mt. The Gox said he was pleased to witness the growth of blockchain technology, security measures and regulations implemented since the bankruptcy of Mt. Gox. Karpeles is optimistic that EllipX will not experience the same case as Mt.Gox.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, 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;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month

thumbnail_Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month .png

Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month .png

This article will discuss the final payout of Mt. Gox for its bankruptcy. So, what is the impact on the Bitcoin market? Read the full explanation.

Final Payment Mt. Gox: Potential Impact On The Bitcoin Market

thumbnail_Pembayaran Terakhir Mt. Gox - Bittime (1).webp

Pembayaran Terakhir Mt. Gox - Bittime (1).webp

Mt. Bitcoin Balance Gox fell to $3 billion, signaling the end of supply pressure. How will this impact the BTC price? Read more here.

Mt. Bitcoin Balance Gox Drops to $3 Billion, How Does It Affect BTC?

thumbnail_Mt. Bitcoin Balance Gox Drops to $3 Billion, How Does It Affect BTC.webp

Mt. Bitcoin Balance Gox Drops to $3 Billion, How Does It Affect BTC.webp

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

Mt. Gox Makes Fourth Repayment 

thumbnail_Mt. Gox Makes Fourth Repayment.webp

Mt. Gox Makes Fourth Repayment.webp

Mt. Gox Makes Fourth Repayment in BTC and BCH 

Mt. Gox creditors who received payments through Kraken have not sold their Bitcoin in large numbers.  

Mt. Gox Creditors Hasn't Sold Bitcoin Yet 

<img src="https://static.bittime.com/cms-static/upload/Mt_Gox_Creditors_a96be64193.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> -&nbsp;Ki Young Ju, founder and CEO of CryptoQuant, said that creditors of Mt. Gox which accepts payments via Kraken has not sold their Bitcoin in large quantities.&nbsp;&nbsp;<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:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Mt. Gox and Creditor Payments</h2>Mt. Gox is one of the first crypto exchanges that was founded in 2010 in Tokyo, Japan. At its peak, Mt. Gox handles more than 70% of Bitcoin transactions worldwide.&nbsp;However, in February 2014, Mt. Gox declared bankruptcy after approximately 850,000 Bitcoins, worth more than $450 million at the time, were lost in a hacking attack. This bankruptcy left thousands of creditors waiting for refunds.On July 16, 2024, Kraken received 48,641 Bitcoins, worth more than $3 billion, from the bankruptcy administrator of Mt. Gox to be distributed to creditors. However, to date, there has been no significant increase in Bitcoin spot trading volume on Kraken, indicating that creditors are not selling their assets immediately.<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:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Bitcoin Trading Volume Still Stable</h2>Ki Young Ju revealed that there was no significant spike in hourly spot trading volume dominance or Bitcoin outflow on Kraken after payment to creditor Mt. Gox is done.&nbsp;This is a positive sign that creditors do not rush to sell their Bitcoins. So, concerns about Bitcoin price dropping due to massive selling by creditors of Mt. Gox may be unfounded.Ki Young Ju also said that any current decline in Bitcoin prices is more likely to be caused by general market sentiment rather than selling related to Mt. Gox.<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:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Bitcoin Price Drop Concerns</h2>Sas known below pCrypto markets have been dogged by concerns that a massive sell-off by creditors of Mt. Gox could cause Bitcoin prices to plummet. However, the analysis of CryptoQuant indicates that to date, no major selling has occurred, and trading volumes on Kraken have remained stable.Ki Young Ju also added that although all global time zones have passed since the payment was made, it is still necessary to pay attention to trading activities in the Asian time zone.&nbsp;So far, however, the signs remain positive. If this trend continues, it will reduce concerns about a potential decline in Bitcoin prices due to heavy selling by Mt. Gox.<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 via Bittime. I'm done 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.

thumbnail_Mt. Gox Creditors.webp

Mt. Gox Creditors.webp

Mt. Gox Creditors Hasn't Sold Bitcoin Yet, Market Remains Stable

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.

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.

thumbnail_Long BTC and Short BCH Positions.webp

Long BTC and Short BCH Positions.webp

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

The cryptocurrency world is gripped by anxiety following the move of 47,229 Bitcoin (BTC) from a Mt Gox cold wallet to a new address. Read more in this article!

Mt Gox Earthquake: BTC Moves, Crypto Market Alert

Gempa Bumi Mt Gox BTC Pindah, Pasar Kripto Waspada.png

thumbnail_Gempa Bumi Mt Gox BTC Pindah, Pasar Kripto Waspada (1).png

Gempa Bumi Mt Gox BTC Pindah, Pasar Kripto Waspada (1).png

Some creditors of Mt. Gox in Japan has started accepting refunds in the form of Bitcoin (BTC) and Bitcoin Cash (BCH). 

Mt. Gox Creditors Has Received Refunds

<img src="https://static.bittime.com/cms-static/upload/Some_Mt_Gox_Creditors_Has_Received_BTCBCH_Refunds_1a736aa97f.png" alt="Mt. Gox Creditors Has Received Refunds" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Previously, it was reported that Mt. Gox will begin paying back its post-bankruptcy creditors in 2014. Some creditors of Mt. Gox in Japan has started accepting refunds in the form of Bitcoin (BTC) and Bitcoin Cash (BCH).&nbsp;&nbsp;<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:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Schedule of Refunds to Creditors by Mt. Gox</h2>According to documents published by the trustees of Mt. Gox, the time it takes for creditors to receive Bitcoin or Bitcoin Cash returns varies depending on the crypto exchange used.&nbsp;Creditors using Kraken accounts may have to wait up to 90 days, while Bitstamp may take up to 60 days. BitGo will complete payouts within 20 days, while SBI VC Trade and Bitbank will complete returns within 14 days.<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:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Return Process at Designated Crypto Exchanges</h2>Trustee Mt. Gox explained that each designated crypto exchange must add the appropriate amount of BTC/BCH to the creditor's account balance or transfer it to the wallet associated with the account within a certain period of time after the BTC/BCH is transferred from the trustee.&nbsp;For example, today Mt. Gox had transferred 47,228.7 BTC (approximately $2.71 billion) to the wallet and then transferred the assets in several transactions, including sending 1,545 BTC ($85 million) to a hot wallet on Bitbank.The Trustee also stated that returns to eligible creditors will be made as soon as possible after several conditions are met, including confirmation of the validity of the registered account, acceptance of the intention to subscribe to the agreement by the designated cryptocurrency exchange, as well as completion of discussions with the trustee.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/login?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Gift_Bittime_15a13fc781.jpg" alt="Gift Bittime" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Waiting for Mt. Creditors Gox Since 2014</h2>Mt. Gox, once one of the world's largest cryptocurrency exchanges, went bankrupt in 2014 after losing around 850,000 BTC to a hack.&nbsp;Since then, creditors have waited years to get their funds back. This process of returning funds is part of the rehabilitation plan that has been long awaited by creditors.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/login?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Gift_Bittime_15a13fc781.jpg" alt="Gift Bittime" width="1999" height="415"></a>How to Buy Crypto with Bittime<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 via Bittime. Bittime 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;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;price and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Some Mt. Gox Creditors Has Received BTCBCH Refunds.png

Some Mt. Gox Creditors Has Received BTCBCH Refunds.png

Some Mt. Gox Creditors Has Received BTC/BCH Refunds

Mt. Gox, the crypto exchange that went bankrupt in 2014, has started the process of repaying creditors through a designated crypto exchange. 

Mt. Gox Akan Bayar Kreditur

<img src="https://static.bittime.com/cms-static/upload/Mt_Gox_to_Repay_Creditors_a697a641c9.png" alt="Mt. Gox to Repay Creditors.png" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;On July 5, 2024, Mt. Gox, a crypto exchange that went bankrupt in 2014, has begun the process of repaying Bitcoin (BTC) and Bitcoin Cash (BCH) to some creditors through designated crypto exchanges.&nbsp;<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"><meta charset="utf-8">Mt. Gox in Repayment Process&nbsp;</h2>Prepayment process is part of a court-approved reorganization plan and is expected to provide some relief to creditors who have been waiting for years to get some of their assets back.In an official document released by Mt. Gox, the repayment process to other creditors will be carried out immediately after several conditions are met. The following are the steps that must be completed.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Confirm Registered Account Validity: Each creditor must ensure that the account registered on the designated crypto exchange is valid and active. This process involves verifying identity and account ownership to prevent errors or fraud.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Consent of Designated Crypto Exchanges: The crypto exchange appointed for the payment process must agree to the Agent Receipt Agreement. This means that the exchange is willing to act as an intermediary in the payment process to creditors.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Discussion with Crypto Exchanges: Mt. Gox must complete discussions with the designated crypto exchange regarding the details of the payment process. This includes technical implementation, payment schedules, and security measures that must be taken.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Confirm Payment Security: Before payment is made, it must be ensured that the process can be carried out safely without the risk of loss or theft of digital assets. This step is especially important considering the bankruptcy of Mt. Gox is also caused by security incidents.</li></ol><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Mt. Gox: Creditors Please Be Patient</h2>Mt. Gox asks eligible creditors to be patient while this process plays out. Although payments to some creditors have begun, there are still many stages that must be completed before all creditors can receive their assets. Mt. Gox and the legal team work hard to ensure that all requirements are met and payments can be made safely and efficiently.<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:6pt;margin-top:18pt;" dir="ltr">Mt. Bankruptcy Flashback Gox&nbsp;</h2>Mt. Gox, once the world's largest crypto exchange, went bankrupt in 2014 after losing around 850,000 Bitcoins due to hacks and internal problems.&nbsp;Since then, complex legal and reorganization processes have been underway, with the aim of returning part of the lost assets to creditors.&nbsp;Although this process has been slow, these latest steps show that there is significant progress and hope for creditors to recover some of their losses.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/login?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Gift_Bittime_15a13fc781.jpg" alt="Gift Bittime" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Impact of Payback by Mt. Gox&nbsp;</h2>Repayment by Mt. Gox could have a significant impact on the crypto market. With large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) returning into circulation, there are potential price fluctuations that investors should be aware of.&nbsp;Repayment to creditors is also a positive development in the crypto exchange's bankruptcy history. Although there is still a lot of work to be done, this is a positive step towards resolution for creditors.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr"><meta charset="utf-8">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 via Bittime. Bittime 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;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;price and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Mt. Gox Akan Bayar Kreditur.png

Mt. Gox Akan Bayar Kreditur.png

Bankrupt Since 2014, Mt. Gox to Repay Creditors!

Mt. Gox just moved 2700 BTC to an address allegedly belonging to Bitbank. What will this mean for the crypto ecosystem? The following is the explanation.

Mt. Gox Bankruptcy Compensation Extended until October 31, 2025

Former CEO of Mt. Gox to Launch EllipX, a New Crypto Exchange This Month

Final Payment Mt. Gox: Potential Impact On The Bitcoin Market

Mt. Bitcoin Balance Gox Drops to $3 Billion, How Does It Affect BTC?

Mt. Gox Makes Fourth Repayment in BTC and BCH

Mt. Gox Creditors Hasn't Sold Bitcoin Yet, Market Remains Stable

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

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

Mt Gox Earthquake: BTC Moves, Crypto Market Alert

Some Mt. Gox Creditors Has Received BTC/BCH Refunds

Bankrupt Since 2014, Mt. Gox to Repay Creditors!

Mt. Gox Moves 2700 BTC to Address Allegedly Owned by Bitbank