The Tokyo District Court has approved the commencement of civil rehabilitation in the ongoing Mt. Gox bankruptcy — with the process to expected to start early next year.
Mt. Gox creditors are one step closer to receive more than $ 450 per bitcoin lost. The Tokyo District Court ordered to stop the bankruptcy process and start the civil rehabilitation process.
Kobayashi earned the moniker the “Tokyo bitcoin whale” when he sold $ 400 million worth of bitcoin and Bitcoin Cash from December 2017 to February 2018. The crypto sale is part of the efforts to pay off the credits of the defunct Mt. Gox bitcoin exchange that went bankrupt in 2014 after a major cryptocurrency hack.
On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts and selling in a manner that would avoid affecting the market price.
And how on Earth did a hacker steal m from the CoinDash ICO?
After its recent downward trend, things seem to have stabilized for BlackCoin (for now anyway). In order to ensure further stability, as well as looking at options to further increase the value, the developers have come up with something new, called Black Shield.