Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became “final and binding.” Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Continue Reading

BREAKING: $2.2T asset manager PIMCO plans to buy more crypto

Institutional asset managers have been slower to embrace cryptocurrencies than retail traders, but their adoption is growing rapidly. Fixed-income manager Pimco is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions Continue Reading

Bitcoin price eyes $65K breakout as BTC exchange reserves fall to 2018 lows

Decreasing reserves mean a decline in Bitcoin supply for selling, altcoin purchasing and margin trading. Bitcoin’s (BTC) ongoing price rally above $64,000 has coincided with a substantial drop in its reserves across all exchanges. According to data provided by CryptoQuant — a South Korea-based blockchain analytics service — the amount Continue Reading