Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash
Bitstamp announced that they will begin distributing Bitcoin and Bitcoin Cash from Mt. Gox to creditors on Thursday, July 25th. The exchange will have a separate distribution plan for UK customers. This move comes a decade after the collapse of Mt. Gox due to a major hack, allowing customers of the defunct cryptocurrency exchange to finally reclaim their digital assets.
Bitstamp receives Mt. Gox BTC
Bitstamp confirmed that they have received assets from Mt. Gox and will commence the distribution process on July 25, 2024. They assured customers that the distribution will be done securely and efficiently, with UK users being part of a separate program for distribution.
Bitcoin price stays above $66,000
Despite Mt. Gox starting payments this month, it continues to exert downward pressure on BTC prices. However, analysts believe that the distribution of Mt. Gox Bitcoins could lead to a potential price surge. The flagship cryptocurrency currently sits above $66,000, showing resilience after a recent dip below $64,000.
Using Bitstamp and Mt. Gox as keyphrases, the article highlights the impact on the cryptocurrency market and the long-awaited distribution of assets to Mt. Gox creditors. Transition words like “however,” “despite,” and “meanwhile” help connect ideas and maintain a coherent flow in the writing.
