Bitcoin

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<ul class="news-points">
 <li>Mt. Gox creditors finally start receiving payments.</li>
 <li>Massive Bitcoin distribution doesn’t tank the market.</li>
 <li>Long-term holders remain strong, defying sell-off predictions.</li>
</ul>
Mt. Gox creditors are finally receiving some of the bitcoin recovered from the infamous exchange hack after over ten years of legal proceedings. Out of the total 142,000 BTC recovered, 59,000 BTC have been distributed so far via Kraken and Bitstamp exchanges.
This event marks a historic moment for the <a href="https://coinedition.com/mt-gox-bitcoin-saga-continues-sends-2-47b-to-unidentified-wallet/" rel="noopener noreferrer nofollow">Bitcoin community</a> and the creditors who opted for reimbursement in BTC rather than fiat currency. It also provides closure for those who waited over a decade for resolution. Mt. Gox was once the largest Bitcoin exchange, and its collapse had a profound impact on the market. The final distribution represents a symbolic end to a long and tumultuous chapter.
Notably, the size of this distribution dwarfs other significant market events over the past two months, including ETF inflows, miner issuance, and the German government’s sell-off. According to market experts, the creditors’ choice to receive BTC was a novel approach in Japanese bankruptcy law, reflecting their confidence in the cryptocurrenc…
The post <a href="https://coinedition.com/mt-gox-bitcoin-distribution-creditors-opt-for-long-term-holding/" rel="noopener noreferrer nofollow">Mt. Gox Bitcoin Distribution: Creditors Opt for Long-Term Holding</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Mt. Gox Bitcoin Distribution: Creditors Opt for Long-Term Holding

Coin Edition

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