The issue of Mt Gox Crypto Company Distributing 140,000 Bitcoins Makes Netizens Shock
Navigasi - A well-known cryptocurrency company, Mt Gox, was recently rumored to be distributing 140,000 Bitcoins. However, this news was denied by one of the creditors named Eric Wall who claimed there was no distribution of any crypto this week.
|The issue of Mt Gox Crypto Company Distributing 140,000 Bitcoins Makes Netizens Shock|
“MtGox is not distributing any coins this week, or next week and the following week. I am a creditor of MtGox, and the repayment system is still not working," Wall said via his Twitter account, Sunday (28/8/2022).
The same thing was conveyed by a well-known analyst, Michael van de Poppe who actually said that the distribution was delayed until an unknown time.
“[All] crypto communities are very stressed about this, because there is no certainty,” he said, quoted via Crypto today.
Crypto bulletin, DustyBC Crypto also shared the news that the information was only a form of investor fear when facing a sluggish market.
“I also don't think more than 100,000 Bitcoins will have a significant impact [on the market],” he wrote.
PSA: MtGox is *NOT* distributing any coins this week, or the next week, or the week after that.Source: I’m a MtGox creditor. The repayment system is not live yet.Next step: Go and block @TheAltcoinHub for spreading this misinfo.— Erica Wall (X🏴, X🏴) (@ercwl) August 27, 2022
Watches of Bitcoin fall below the key $20,000 level at the start of last week effect Federal Reserve Chair Jerome Powell's speech alluding to US monetary hawkishness.
Bitcoin price fell 0.8% over the last 24 hours to $19,881. The token has slumped nearly 8% over the past seven days. Ethereum, the world's second-largest cryptocurrency, fell nearly 2% in the last 24 hours to $1,460, while the total crypto market cap fell below $1 trillion.
The losses in crypto prices that markets are showing are risk-driven, after Fed's Powell rejected the idea of a dovish pivot by the central bank.