2023-1-7 14:45 |
The deadline for the base repayment, early lump-sump repayment and intermediate repayment was also moved from July 31 to Sept. 30. origin »
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Amid the recent recovery from a significant price correction of over 25% that sent the Bitcoin price to a 6-month low of $53,500, the largest cryptocurrency on the market has since recovered to trade in the $66,000 to $68,000 range despite the start of Mt.
Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week. This eagerly awaited announcement has raised concerns within the cryptocurrency community regarding the potential contribution of these customers to ongoing selling pressure in the Bitcoin market.
As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term volatility will be outweighed by BTC’s long-term bullish prospects.
The Mt. Gox Bitcoin payments have been long anticipated. The process has lasted several years, and finally, in 2021, there is now recourse in sight for all who were affected. Attorney-at-law Nobuaki Kobayashi has been appointed as the Rehabilitation Trustee and will be in charge of the repayment process.