Court to Extend Deadline for Mt Gox Rehabilitation Plan

As reported earlier, all verfied Mt. Gox clients will receive compensations, even those who did not make up the application
26 April 2019   217

The Tokyo District Court approved the petition of the trustee of the bankrupt Mt.Gox Bitcoin Exchange Nobuaki Kobayashi to extend the consideration of creditors ’applications for compensation and postponed the filing of the final civil rehabilitation plan until October 28.

Note that Kobayashi was supposed to submit a civil rehabilitation plan on April 26, but asked for more time to review the rejected applications.

At the end of March, the trustee informed the court of the completion of the consideration of applications, but now notified the court that the status of rejected requests could be revised.

It is noteworthy that even those users who did not make up the application will receive compensation. This applies to all verified Mt.Gox clients.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   321

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.