Bitcoin: Transfer of $2.9 Billion BTC to Mt. Gox Signaling Market Upheaval?
Mt. Gox transferred 42,830 BTC, valued at around $2.9 billion, to new addresses on May 28. The rising supply of Bitcoin and the potential large-scale sell-off by creditors of Mt. Gox could put pressure on prices. Tokyo-based Mt. Gox, once the Bitcoin giant [BTC] exchanges, handling 70% of all transactions by 2013, has re-entered the … Read more