U.Today – On-chain data aggregator Arkham Intelligence releases information about recent transfers involving former cryptocurrency exchange Mt. Gox.
Recent development of Mt. Gox
The tweet reveals that the platform received $370,000 worth of bitcoins from US cryptocurrency exchange Kraken last night. Arkham says that “Mt. Gox emptied 4 of their wallets last night.”
The data agency assumes that more Bitcoin refunds from the dysfunctional cryptocurrency platform to its creditors could soon arrive.
This year, Mt. Gox was expected to finally start paying compensation to its customers. In total, 142,000 bitcoins and $143,000 were expected to be paid, as well as 69 billion yen in fiat currency.
In July, the platform transferred 140,000 Bitcoin valued at roughly $9 billion at the time to several centralized exchanges (Bitstamp, Kraken, BitGo) as it began preparing for the aforementioned payments.
As previously reported by U.Today, on August 21, Mt. Gox transferred $709 million worth of Bitcoin to the Bitstamp exchange. On August 14, the exchange transferred 33,141 Bitcoin (valued at approximately $2 billion) to a new blockchain address in preparation for payments. A total of 117 BTC was sent to the OKX exchange (the equivalent of approximately $7 million).
Bitcoiner Anthony Pompliano sells ETH for SOL
Financial entrepreneur, Bitcoin proponent, and founder of Pomp Investments fund Anthony Pompliano visited CNBC’s Squawk Box today. There he spoke about what’s been happening with Bitcoin in light of the Federal Reserve’s recent rate cut and a similar move recently announced in China.
Pompliano (known in the global cryptocurrency community as Pomp) told CNBC host Andrew Sorkin that he believes Bitcoin is the best-performing asset this year, with gold and oil futures coming right behind in terms of gains.
He said he sold everything he owned last year and acquired instead, confident that the Solana chain offers better technology than the second-largest crypto platform.
As for the price of Bitcoin, Pompliano believes that due to the recent rate cut by the Fed and a similar measure announced by the Central Bank of China (PBOC), they are going to attract a lot of cheap capital to the market, and this is where Bitcoin “ends up being a big winner,” Pompliano said.
This article was originally published on U.Today
