Cryptocurrency

Reddit

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitstamp-completes-refunds-for-mtgox-creditors/" data-wpel-link="internal">Bitstamp Completes Refunds for MtGox Creditors</a> 
The <a href="https://en.coin-turk.com/openais-revenue-surge-highlights-its-growing-influence-in-ai-sector/" data-wpel-link="internal">cryptocurrency</a> markets were anxious throughout July due to fears of sales by MtGox creditors. After sleepless days, Kraken exchange completed the refunds. Now, Bitstamp exchange is also completing the refunds. So, will cryptocurrencies rise? 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
According to the statement made by Bitstamp exchange, the refunds are largely complete. There will be a separate refund process only for UK citizens. BTC and BCH assets will start being refunded as of July 25, said the exchange, which caused a significant drop yesterday. Cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, fearing massive sales, caused excessive sales, especially in altcoins. 
Bitstamp exchange wrote the following in its recently published announcement: 
<blockquote> 
 “We are pleased to announce that the creditor assets we distributed through Bitstamp to Mt. Gox creditors are now fully accessible after completing security checks. Thank you for your patience.” 
</blockquote> 
Reddit users of Bitstamp reported receiving their BTC and BCH assets. Kraken had previously completed the distribution of BTC and BCH to Mt. Gox creditors. Thus, a significant portion of the claims has been refunded to the victims. However, since creditors did not sell as feared, BTC continues to stay above $67,000. If this sentiment continues, we may see a new rise in BTC in the coming hours. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-374209" src="https://coin-turk.com/wp-content/uploads/2024/07/mtgox-elinde-kalan-btc.png" alt="" width="1895" height="850"> 
Out of approximately 142,000 BTC, the MtGox trustee still holds 80,128 BTC. Although the exact amount of the $5.38 billion assets owed to creditors is not known, it is believed that most of it has been refunded. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitstamp-completes-refunds-for-mtgox-creditors/" data-wpel-link="internal">Bitstamp Completes Refunds for MtGox Creditors</a></h5>
The post <a href="https://en.coin-turk.com/bitstamp-completes-refunds-for-mtgox-creditors/" data-wpel-link="internal">Bitstamp Completes Refunds for MtGox Creditors</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitstamp Completes Refunds for MtGox Creditors

Table of Contents

COINTURK NEWS

Other articles published on Jul 26, 2024

Canada Crypto Week Set For Aug 11-17, 2024: Anchor Event Blockchain Futurist Conference Hosts Mul...

Solana’s market watch – Here are the key price levels to watch this week

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

Donald Trump has a plan for the US dollar that will give BRICS a win

Kamala Harris-Themed Meme Coin Soars as Presidential Candidacy Rumors Heat Up

Memecoins Drive Market Surge

Join our free newsletter for daily crypto updates!