This does nothing for price
This does nothing for Traders
This does nothing for institutions
This does look absolutely amazing from a public relations long-term credibility of the industry move.
This is the yin to quadriga's yang.
This is a psychological win for the market https://t.co/xJSmTmWmxp
RT @HeyRhett: Holy fucking shit.
@brockpierce owns 100% of Mt. Gox. Plans to Relaunch. Pay back creditors, leave Mark Karpeles with nothing.
Bitcoin to the fucking moon🚀🚀🚀 we have Mt. Gox back, bitches!!!
The year is 2024.
MTGOX creditors' hope of regaining their BTC was dashed after Coinlab won 10X their value in court.
Creditors are instead issued GOX, an asset on the EOS network w/ a market cap of -$15B
LTC support is projected to be added in Two Weeks™
As long as MtGox is unable to pay back 100% of the customers' BTC, MtGox is still insolvent IMO.
But technically, since we are still under bankruptcy until a CR plan will be approved, and the assets exceed the approved bankruptcy claims, you can say that MtGox is not insolvent.
Of course it would be better. BUT having from 1st day open about 24.000 clients and personal data is like a dream come true...an of course their money and their BTC. because IF this happens many people will trade their coins or just wait, move out some and some not... you got the point...i have to point that in his video he did a good job we like him or not.
after all that scrutiny it likely be bestter exchange than the ones thast havnt already fallen,plus they say they going to put in the best tech
this would be good for bitcoin if pieces can be picked up and rebuilt to be stronger
"Not only that, Pierce says that the more than 20,000 Mt. Gox creditors will be offered a stake in the future of the company. He plans to build a competitive, modern exchange that actively pursues non-custodial trading models."
"Now that lawyers for the Mt. Gox creditors’ class are pushing for the Civil Rehabilitation as well as the shareholder himself, it’s in the Japanese courts’ hands. Hundreds of creditors long ago sold their claims against the Mt. Gox estate for pennies on the dollar. Pierce says there isn’t much that can be done for them."