tl;dr
Kraken has confirmed receiving funds from Mt. Gox trustee and will soon complete estimated payments of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors within 7-14 days. Mt. Gox-linked wallet transferred over $6 billion in Bitcoin to unknown wallets, causing a drop in BTC price and exceeding $210 m...
Mt. Gox creditors can expect to receive Bitcoin (BTC) and Bitcoin Cash (BCH) from Kraken within 7-14 days, as confirmed by Kraken following the receipt of funds from the Mt. Gox trustee. The move comes amid the transfer of over $6 billion in Bitcoin from a Mt. Gox-associated wallet to unknown wallets, leading to a drop in BTC price and significant crypto liquidations exceeding $210 million.
In response, the BTC price has surged by over 1% in the past 24 hours, currently trading at $64,000, with a notable 40% increase in trading volume. This surge has been accompanied by heavy buying from BTC futures and options traders, particularly in the United States, resulting in CME futures open interest surpassing $10 billion.
Kraken has informed Mt. Gox creditors via email about the expected completion of BTC and BCH payments within 7-14 days, with several creditors confirming receipt of these notifications. This development signals a crucial step towards resolving the protracted Mt. Gox ordeal, offering potential relief to affected creditors.
The surge in BTC price and trading activity, along with the substantial movement of funds between platforms, underscores the evolving dynamics within the cryptocurrency landscape, indicative of significant market shifts and investor sentiment.
More about Banco De Chile
Banco De Chile Stock Analysis Banco De Chile Stock Analysis Summary
Banco De Chile, also known as Banco de Chile, is a leading provider of banking and financial products and services in Chile. The company is headquartered in Santiago, Chile.
Key Details
Sector: Finance
Industry: Commercial Banks
Stock Ticker: NEC
Market Cap: 12,206,409,000
Current Stock Price: $7.88
Previous Close: $8.08
EPS: $3.06
Volume: 5,711.6
Dividend Yield: 0.487%
Market Cap (in USD): $2,884,828,922,000
P/E Ratio: 24.32
Day Change: $0.12
Day Change (%): 1.18%