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Mt. Gox Moves $1 Billion in Bitcoin, Transferring Over 10,000 BTC to a New Address

  • $1 billion in Bitcoin has been moved by Mt. Gox, reviving speculation about creditor payouts.
  • Bitcoin’s price has remained relatively stable despite this major transfer.
  • Although the exchange retains a significant amount of Bitcoin, this raises questions about future market impact.
  • The Mt. Gox trustee still holds approximately 35,583 BTC, worth over $3 billion, raising concerns about when and how they will be released.

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