Mt. Gox


Markets

Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan

The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.

(Shutterstock)

Markets

Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG

Recent blockchain movements sparked "irrational" fears, offering a buying opportunity for investors, NYDIG's Greg Cipolaro said.

Bitcoin's decline coincided with investor worries about supply overhangs (NYDIG)

Markets

Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts

The market will have to absorb $4 billion to $7 billion of bitcoin selling pressure throughout the middle of the year, which will weigh on prices, K33 Research said.

Bitcoin (BTC) price on July 9 (CoinDesk)

Videos

U.S. Adds 206K Jobs in June; Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the U.S. Bureau of Labor Statistics reported the addition of 206,000 jobs in the month of June. Plus, Mt. Gox said that it started making repayments to customers after a near 10-year wait. And, U.S. crypto-adjacent stocks drop as bitcoin crashed to the lowest level since February.

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Finance

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The defunct crypto exchange announced last month that it will begin repayments in July.

(CoinDesk)

Markets

Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst

Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.

Mt. Gox Creditor Kolin Burges confronts Former Mt. Gox CEO Mark Karpeles (CoinDesk)

Markets

Crypto Markets to See Selling Pressure in July From Mt. Gox Creditors: JPMorgan

If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.

(Shutterstock)

Tech

The Protocol: Blast's $3B Airdrop and Bitcoin's Mt. Gox Moment

In this week's issue of CoinDesk's weekly blockchain tech newsletter, we're covering $100 million of fundraisings, project updates from Solana and other teams, complaints over LayerZero's "pay-to-claim" airdrop and nervousness surrounding the Mt. Gox bitcoin distribution.

(Anna Scarfiello/Unsplash)

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Markets

Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw Concerns

The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July.

Sale sign (Markus Spiske/Unsplash)

Markets

Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months

BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market.

BTC's dominance rate (TradingView/CoinDesk).

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