Day: September 3, 2022

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A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin?

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The Mt. Gox Bitcoin payments have been long anticipated. The process has lasted several years, and finally, in 2021, there is now recourse in sight for all who were affected. Attorney-at-law Nobuaki Kobayashi has been appointed as the Rehabilitation Trustee and will be in charge of the repayment process. This is expected to happen over a number of months, and a concrete date has now been set for when repayments may commence. Save The September Date Since the announcement of the Mt. Gox bitcoin repayment plan back in July 2021,…

Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year

CryptoX – Cryptocurrency Analysis and News Portal During a hearing in the U.S. Bankruptcy Court for the Southern District of New York on Thursday, a Kirkland & Ellis lawyer said the loans were mistakenly believed to be in dollar-pegged stablecoins, which the lender wouldn’t have been able to use to finance its operations. Source The post Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year appeared first on CryptoX. CryptoX Portal