Mt. Gox Refunds Could Have Lower Bitcoin Selling Pressure Than Expected

The Mt. Gox repayment process may exert less selling pressure than initially anticipated. Established in 2010, Mt. Gox was the largest cryptocurrency exchange before a 2014 hack resulted in the loss of 850,000 Bitcoins. Approximately 20% of the stolen funds have been recovered. Post-bankruptcy, the exchange plans to distribute 142,000 Bitcoins (worth $9.6 billion) and

Source: CoinOtag