Bitcoin’s price spiked Friday morning, on the news that defunct crypto exchange Mt. Gox has been given an extra year to repay creditors.
In a note to creditors, the Mt. Gox rehabilitation team shared that the deadline for repayments has been extended to October 31, 2025, citing “issues arising during the repayments process.”
Although the news saw Bitcoin rise in the short term, its broader trend over the past year has seen the longest sideways movement following a halving in the cryptocurrency’s history.
Bitcoin Gets a Boost as Mt. Gox Postpones Repayments
Mt. Gox now has another full year to repay billions of dollars in Bitcoin to users of the hacked exchange. Here's why BTC is now rising.
Bitcoin Has Been Stuck Trading Sideways After Halving—What's Different This Time?
Bitcoin has been plagued with sideways price action after its fourth halving event earlier this year, noted analysts.
FTX Exec Ryan Salame Headed to Prison After Tucker Carlson Video Derails 'Dog Bite' Claim
Ryan Salame's latest request for a prison postponement wasn't granted, due in part to a Tucker Carlson video interview posted this week.
Binance Exec Tigran Gambaryan Denied Bail Despite 'Meeting All the Requirements,' Says Family
Binance executive Tigran Gambaryan was been denied bail, “despite him meeting all the requirements” for medical reasons, his family said.
From Our Partner
Earning yield doesn’t have to be a confusing mess of chain bridging, cryptic protocols, and exhausting risk research.
Exponential.fi makes it easy, accessible, and secure for everyone—from newbies to Pros. → Easy: invest in 1 click → Accessible: invest with ETH, BTC, cash, stablecoins → Secure: Your own MPC wallet
