Re: Mt. Gox cold wallet moves 8200 BTC. Might this be the cause of the latest crash?
Before anyone accuses me of spreading doom again as someone told me hehehe, this thread is for the sake of speculation and discussion only. Please humor me.
In any case, I was under the impression that the Mt. Gox trustee was given a court order not to touch those coins. I do not know what really happened, but the timing of the transaction and the market dump hours later is very conspicuous.
The transactions from the Mt. Gox cold wallets occurred in the early hours of the morning in Europe and 11 pm EST in the US. The transactions were sent to the address 1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4 and totaled 8,214.97084 BTC, which is worth around $76.7 Million at press time.
The original movement Mt. Gox funds are thought to have kicked off the bear market starting in January of this year. But this time its different; institutions are coming to the crypto markets, and how these markets will react to this new movement of funds remains to be seen.
Read more https://blokt.com/news/mt-gox-cold-wallet-moves-8200-btc-will-bitcoin-dump
In any case, I was under the impression that the Mt. Gox trustee was given a court order not to touch those coins. I do not know what really happened, but the timing of the transaction and the market dump hours later is very conspicuous.
The transactions from the Mt. Gox cold wallets occurred in the early hours of the morning in Europe and 11 pm EST in the US. The transactions were sent to the address 1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4 and totaled 8,214.97084 BTC, which is worth around $76.7 Million at press time.
The original movement Mt. Gox funds are thought to have kicked off the bear market starting in January of this year. But this time its different; institutions are coming to the crypto markets, and how these markets will react to this new movement of funds remains to be seen.
Read more https://blokt.com/news/mt-gox-cold-wallet-moves-8200-btc-will-bitcoin-dump
No doubt there are the one who made the Bitcoin price to dip again. This news is all over the Crypto news and sites which are all reliable sites so it was really them to cause the market in difficult for a while because i think its over now in which the market is recovering again. We just hope that this is the last of Mt.Gox as i heard they have still 140000 Bitcoin at their disposal but i don't have the links so it will be a hearsay for now.