After taking a beating because of the Federal Reserve on Friday, Bitcoin's price fell further over the weekend after rumors started spreading that Mt. Gox was about to start distributing 140,000 BTC to creditors.
But Eric Wall, who is one of those expecting compensation from Mt. Gox, has dismissed the reports as misinformation, tweeting: What's more, Wall stressed that 140,000 BTC isn't going to be dumped on the market in one go — and explained that payouts are going to be made in tranches. While the BTC being distributed is a tiny fraction of what was stolen, the value of this cryptocurrency has risen substantially since 2014.
Source: News Formal (newsformal.com)
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