The trustee of defunct Bitcoin exchange Mt. Gox announced that creditors have agreed to a $9 billion redistribution package.This would see around 141,000 Bitcoin returned to investors who lost out following the infamous hack in February 2014. While this is welcome news to victims, it still represents a fraction of what was taken.Nonetheless, the return of some Bitcoin would … [Read more...] about Mt. Gox Bitcoin redistribution plan approved, how might the market react?
Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. Some market watchers attributed the drop to a proposal made by US president Joe Biden yesterday.The crypto drop‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger … [Read more...] about $3.7 billion liquidated as crypto markets react to Biden’s tax scare