BTC/USD Rockets to Highest Print Since June: Sally Ho's Technical Analysis 27 July 2020 BTC

12d
cryptodaily

Exploring Decentraland: A Review of the Virtual World Built on Ethereum

12d
thebitcoinnews

J. A. McDonald: The Longest Running Case of Mass Hysteria

12d
thebitcoinnews

Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

12d
thebitcoinnews

Tips on How to Minimize the Risks When Trading Cryptocurrencies

12d
thebitcoinnews

Analyst Who Predicted Bitcoin’s V-Shaped Reversal Expects Rally to $17k

12d
bitcoinist

Charles Edwards: BTC Could Shoot Up with Banks’ Help

12d
livebitcoinnews

These 3 Metrics Suggest Bitcoin Is Building Up Bullish Momentum

12d
bitcoinist

Are Institutional Investors Not Buying Bitcoin Anymore?

12d
coininsider

Visa Moving to Integrate With Digital Currency Platforms

12d
thebitcoinnews

Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

12d
livebitcoinnews

XRP Is Surging But Not Everyone Is Convinced a Bull Run Is Certain

12d
bitcoinist

Bitcoin Is Readying for “Big Move,” Says Fund Manager Who Predicts $50k BTC

12d
bitcoinist

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

12d
thebitcoinnews

ETH/USD Launches to Highest Print Since July 2019: Sally Ho's Technical Analysis 26 July 2020 ETH

12d
cryptodaily

After Surging 25% in 5 Days, Ethereum Forms Sign Last Seen Before March Dump

12d
bitcoinist

Visa Claims It Will Support More Stable Currencies in the Future

12d
livebitcoinnews

Analyst Who Predicted BItcoin’s 2018 Bottom Thinks $10k Is Imminent

12d
bitcoinist

Adam Back & Satoshi Nakamoto: friends or strangers?

12d
cryptodaily

Bitcoin Falls Back Into The $9K Zone After Its Brief $10K Breach

12d
coingape

Bitcoin and Ethereum Surge to New Highs, Gold Almost at All-Time High

12d
cryptoglobe

After Surging 15% in 5 Days, XRP Prints Textbook Sell Signal

12d
thebitcoinnews

Bitcoin SV Is Stuck Below $200, May Resume Upside Range Correction

12d
coinidol

Here’s Why Bitcoin is Poised to Hit $11,500 Following Overnight Rally

12d
bitcoinist

Former CFTC commissioner believes the US should bring in outside stakeholders for a CBDC to bring in a new perspective

12d
cryptodaily


$1,300 per Bitcoin (BTC): Fortress Has New Buyout Proposal for Mt. Gox Victims

utoday

6mon ago

Investment management Fortress has come up with a new offer for Mt. Gox creditors. Due to Bitcoin's rapid appreciation, $1,300 per one Bitcoin (BTC) is now on the table, which represents 88 percent of their account value.

In order to calculate the price of its offer, Fortress multiples the creditor's stake by 15 percent, the total value of lost coins that are available in cash, and then multiples the obtained number by the current BTC price.

Back in December, when the leading cryptocurrency plunged below $7,000, Fortress only offered $755 per one coin.

According to the company's managing director Michael Hourigan, such a high premium is linked to the timeline of the litigation process that can last up to five years.

Hedge funds, including Fortress, started to aggressively buy Mt. Gox claims back in 2017, offering creditors an easy way to cash out.

Notably, Fortress had been involved in the cryptocurrency industry even before Mt. Gox it closed its doors in February due to the biggest hack in the history of crypto. In 2013, it acquired $20 mln worth of BTC. Moreover, Galaxy Digital CEO Mike Novogratz used to hold a top executive position in the hedge fund.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments