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Last time, analysts blamed Mt. Gox and its bankruptcy trustee for pushing hordes of bitcoin onto an already fragile market, crushing its price. Keen monitors of the notorious insolvent exchange’s wallets showed how 16,000 BTC, along with its equivalent in bitcoin cash, were moved, sparking concern the broader market could once again be impacted. Also read: […]
The post Bitcoin Markets Steady for Another Gox Dump, 16,000 Coins Moved by Trustee appeared first on Bitcoin News.
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At press time, bitcoin is trading for just over $8,000 – a solid dip from yesterday’s high of about $8,500, though it is a step above today’s previous low of $7,700. Bitcoin is struggling to stay afloat, but many outside factors are looking to prevent this. One involves ongoing regulation in South Korea. The country accounts for over one quarter of the world’s bitcoin and cryptocurrency trades, making it a very important candle-holder in the digital asset arena. However, as activities in South Korea grow and bitcoin continues to garner popularity, regulators are seeing a stronger need to interfere. ThePowered by WPeMatico
On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts […]
The post The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy appeared first on Bitcoin News.
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