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Bitcoin Unlikely to Crash After Mt Gox Payouts

From bitcoinnews.com

Speculation that Mt Gox payouts will crash the Bitcoin markets has been gathering ever since creditors of the exchange began filing civil rehabilitation claims in August. Specifically, one of the numerous Mt Gox creditors, Kim Nilsson, uses the very intense wording that the payouts will “completely crash the market”. Upon review, however, it appears that Nilsson’s claims aren’t likely to happen. Japan-based Mt Gox was the biggest Bitcoin exchange during the early days of Bitcoin. It collapsed spectacularly after a hack in 2015, resulting in the theft of BTC 850,000 Bitcoins worth USD 473 million then but a whopping ... (full story)

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  • Category: Fundamental Analysis