{"id":34799,"date":"2024-07-24T18:50:11","date_gmt":"2024-07-24T18:50:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitstamp-to-distribute-mt-gox-btc-from-july-25\/"},"modified":"2024-07-24T18:50:11","modified_gmt":"2024-07-24T18:50:11","slug":"bitstamp-to-distribute-mt-gox-btc-from-july-25","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitstamp-to-distribute-mt-gox-btc-from-july-25\/","title":{"rendered":"Bitstamp to distribute Mt. Gox BTC from July 25"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691490583688-de4b740c-8b18-4e45-b50a-dcdde7ec4d7d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691490583688-de4b740c-8b18-4e45-b50a-dcdde7ec4d7d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691490583688-de4b740c-8b18-4e45-b50a-dcdde7ec4d7d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691490583688-de4b740c-8b18-4e45-b50a-dcdde7ec4d7d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The exchange will have a separate distribution plan for customers in the UK.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from Mt. Gox and that it would begin distribution to creditors on Thursday.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange also has Bitcoin Cash from the Mt. Gox trustee, with this coming a decade since the Bitcoin exchange collapsed following a major hacking incident. After a ten-year wait, customers of the defunct crypto exchange can now have their digital assets back.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitstamp receives Mt. Gox BTC<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bitstamp said in an announcement that it would begin the distribution process on July 25, 2024. However, it also urged customers to be patient as the process of verification continues.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe\u2019re pleased to announce that we\u2019ve received the Mt. Gox assets. We\u2019re working diligently to distribute them to our Bitstamp customers who are Mt. Gox creditors. Please allow up to one week for security checks. We\u2019ll inform you when the transfer is finalized,\u201d the exchange <\/span><a href=\"https:\/\/x.com\/Bitstamp\/status\/1816133303549800768\"><span style=\"font-weight: 400\">notified<\/span><\/a><span style=\"font-weight: 400\"> users via X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitstamp has also told its users in the UK that distribution for this group will be undertaken through a separate plan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cRest assured, we\u2019ll keep you updated on the process and ensure you receive your assets as soon as possible,\u201d its post on X reads.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin price holds above $66k<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Mt. Gox repayments began this month and continues to provide notable downward pressure for BTC price. A significant number of users however have not sold amid the distribution. For instance, CryptoQuant analysts pointed to the increase in BTC outflows from Kraken as the exchange distributed Mt. Gox bitcoin to its customers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to analysts, this scenario could bolster Bitcoin\u2019s potential price rebound.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The flagship cryptocurrency currently <\/span><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hovers-near-66-5k-as-mt-gox-users-choose-to-hodl\/\"><span style=\"font-weight: 400\">hovers above $66k<\/span><\/a><span style=\"font-weight: 400\">, with bulls showing strength since recovering from the recent dump to under $64k.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitstamp-to-distribute-mt-gox-btc-from-july-25\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25. The exchange will have a separate distribution plan for customers in the UK. Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34799"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34799"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34800"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}