$140M Worth BTC to Move from Mt Gox Wallets

Bitcoins were withdrawn from four separate wallets in several transactions of 2000 BTC
27 April 2018   1390

16,000 bitcoins (about $ 141 million at the current rate) owned the bankrupt MtGox exchange moved. This is reported CoinDesk.

According to the CryptoGround resource, which tracks the state of the remaining MtGox wallets, bitcoins were withdrawn from four separate wallets in several transactions of 2000 BTC, as a result of which all the addresses mentioned were devastated.

All these wallets are currently under the control of Japanese lawyer Nobuaki Kobayashi, who acts as head of the board of trustees of MtGox.

Additional data also show that, from the wallets he controlled, all Bitcoin Cash coins of the amount of 16,000 BCH were also withdrawn during four separate transactions.

As reported, Kobayashi have a task to liquidatу the tokens on behalf of Mt Gox creditors, most of whom have not recovered their funds after the exchange closed its trading operations in 2014. Yet the process hasn't been without controversy, given that the value of the bitcoins held by Mt Gox exceeds the amount claimed by the exchange's creditors.

VanEck & SolidX to Withdraw BTC ETF Application

Bitwise and Wilshire Phoenix' Bitcoin applications are still pending
18 September 2019   180

The bid for Bitcoin ETF launch by VanEck and SolidX, considered the most likely candidate for approval, was withdrawn amid continuing uncertainty from the US Securities and Exchange Commission (SEC).

VanEck and SolidX planned to place their Bitcoin ETFs on the Chicago Options Exchange (Cboe). However, as follows from the notification published on Tuesday, on September 13, the latter withdrew the application for a change in the rules, which, if approved, would allow launching the corresponding tool.

Previously, SEC postponed the solution several times at the request of VanEck and SolidX. The last time this happened in August was when the decision on Bitcoin ETFs from Bitwise Asset Management and Wilshire Phoenix was also postponed.

The final deadlines for decision making on Bitwise and VanEck / SolidX applications were on October 13 and 18, respectively. Wilshire Phoenix's decision is due on September 29th.

It should be noted that over the past few years, various companies have sought approval from the SEC to launch exchange-traded funds, but each time the regulator refused. Most often, the reasons for the negative decision were explained by the risks of market manipulations and insufficiently developed market control tools.