Mt. Gox

18 Jul

Mt. Gox Shakes Up Crypto Market with Massive Bitcoin Transfer

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Crypto, Mt. Gox, technology

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…

29 May

Mt. Gox Stirs the Market: Massive Bitcoin Transfer to Unknown Wallet

hightechz.net0 CommentsBlockchain, TrendingBitcoin, blockchain, Mt. Gox, technology

The long-dormant Mt. Gox, once the world's leading Bitcoin exchange, has rekindled concerns after a series of large Bitcoin transfers to an unidentified wallet. This unexpected activity, totaling over 140,000 BTC (worth roughly $9 billion at the time), has sent shockwaves through the cryptocurrency market. Bitcoin price plummeted after Mt. Gox is acting strange. Photo: CoinGape. A Troubled Past, a Puzzling Present Mt. Gox's history is marred by a devastating hack in 2014, resulting in the loss of hundreds of thousands of Bitcoins belonging to its users. The exchange subsequently shut down and filed for bankruptcy, leaving a trail of…