Crypto

In a move that sent shockwaves through the cryptocurrency world, Mt. Gox, the infamous defunct exchange, executed a series of transactions on July 16th that saw a staggering $9 billion worth of Bitcoin transferred in just three hours. This large-scale movement, following a period of inactivity, has sparked concern among investors and analysts alike, with the potential to impact Bitcoin's price stability. Illustration of how Mt.Gox's return could have a strong impact on Bitcoin price. Photo: Cointelegraph. According to data from Arkham Intelligence, Mt. Gox offloaded nearly 190,000 Bitcoin, totaling around $12 billion. The most significant portion, almost 96,000 Bitcoin…