Mt.Gox’s 137,000 Bitcoin Repayment Plan Delayed, Analyst Says Fear Was Unwarranted

Summary: Michaël van de Poppe opined that Mt.Gox’s Bitcoin repayment process wouldn’t tank the market. The defunct exchange was scheduled to reimburse creditors over 100,000 BTC tokens starting this August but further delays emerged North of 750,000 Bitcoin tokens was stolen from the Tokyo-based platform in a massive hack in February 2014. News of the repayment supposedly triggered panic in the crypto market. Bitcoin traded just above $20,000 on Sunday after dipping below on Saturday. One crypto proponent surmised that […]