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- Will Mt. Gox Bitcoin recipients HODL or fold?
Will Mt. Gox Bitcoin recipients HODL or fold?
Early signs suggest that Mt. Gox users are opting to hold their recovered Bitcoin.
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📝 What you need to know
Users of collapsed Bitcoin exchange Mt. Gox are finally receiving their BTC repayments after a decade, and early signs suggest that users are opting to hold onto their recovered coins rather than cashing in.
Users are reportedly withdrawing BTC off exchanges and moving them to cold wallet storage, mitigating against potential price drops.
That said, having so much BTC on the move is bound to have some impact, and true to form the price of Bitcoin dipped Thursday, triggering some $250 million in liquidations.
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😂 Meme of the Day
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Short for “United For Kindness,” UNFK is engaging the crypto community to promote positive change by putting social pressure on banks and other big institutions using memes and pranks.
UNFK is gearing up for the next phase of its campaign with the release of its web app—and a meme competition directed at crypto’s favorite regulator, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, with up to $10,000 in SOL up for grabs.