Strive Asset Management, co-founded by Vivek Ramaswamy, plans to build a 75,000 BTC treasury by acquiring distressed Bitcoin claims from the bankrupt Mt. Gox exchange. The firm intends to buy these claims at a discount, to strengthen its position ahead of a planned merger with Asset Entities. Strive seeks to improve its Bitcoin-per-share ratio and […]
Mt.Gox
Bitcoin Slides as Mt. Gox Moves Another $931M in BTC
The former leader in cryptocurrency exchanges, Mt. Gox, has conducted another significant Bitcoin transaction, making it the second large-scale transfer within a week. On March 11, the defunct platform moved 11,833 BTC, worth over $931million, as Bitcoin’s value briefly dropped to a four-month low. According to blockchain analytics firm Lookonchain, a significant portion—11,501 BTC worth […]
Japan Takes Bold Action to Force Apple, Google to Axe 5 Unregistered Crypto Apps
In a move to ensure compliance within the digital assets market, Japan’s Financial Services Agency has called for the removal of five noncompliant exchange apps from Apple and Google stores. This decision reinforces Japan’s commitment to a secure and regulated financial ecosystem. Japan’s FSA Cracks Down on Unregistered Crypto Platforms Japan’s Financial Services Agency (FSA) […]
Massive Crypto Move: Mt. Gox Transfers $2.43B Bitcoin
Mt. Gox wallets shifted $2.43B BTC to a new address as Bitcoin surpassed $100K. The transaction incurred just $3.78 in fees. The exchange still holds $1.63B, fueling speculation on fund management. Mt. Gox Wallet Moves $2.43B BTC After Price Hits $100K Mt. Gox wallets initiated a large transaction of 24,052 BTC worth $2.43 billion shortly […]
Mt.Gox Bitcoin Distribution: A Decade-Long Legal Saga Reaches Its Climax
After more than a decade of legal proceedings, the long-awaited distribution of Bitcoin recovered from the Mt.Gox exchange collapse is finally underway. According to the latest report from Glassnode, the total recovered coin volume was over 141,686 BTC, with just under 59,000 BTC now redistributed to creditors and another 79,600 BTC soon to follow. Kraken […]
Mt. Gox’s $9.6 Billion Bitcoin Transfer Shocks Market
Mt. Gox, the infamous bitcoin exchange that collapsed in 2014, has made a significant move in the cryptocurrency world by transferring at least $9.6 billion worth of bitcoin to an unknown address. According to data from Arkham Intelligence, the exchange transferred 42,830 BTC, valued at approximately $2.9 billion, from its cold wallets. This marks the […]
10,000 Bitcoin Linked to Mt. Gox Hack on the Move
On November 23, a total of 10,000 Bitcoin, which are currently worth over $165 million, were transferred from a crypto wallet that belonged to the defunct cryptocurrency exchange BTC-e to various exchanges, individual wallets, and other sources. While this pullout is the largest made by BTC-e since April 2018, a Chainalysis report on November 23 suggested […]