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      "title": "Ha I Know A lot A Person That Bought Crypto During The Bull Run In December-January Will Need More Information On This 😂",
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      "permlink": "mt-gox-sold-another-usd250-million-worth-of-bitcoin-and-bitcoin-cash",
      "title": "MT Gox Sold Another $250 Million Worth of Bitcoin and Bitcoin Cash",
      "body": "Nobuaki Kobayashi, the trustee of the long defunct Mt Gox exchange, revealed today that $250 million worth of bitcoin and bitcoin cash was sold between March and June.\n\nThat’s in addition to half a billion dollars worth of bitcoin and bitcoin cash sold up to March 2018 which seemingly affected bitcoin’s price. Kobayashi said:\n\n“As a measure to secure interests expected to have already been obtained by all bankruptcy creditors who filed proofs of bankruptcy claims in the Bankruptcy Proceedings, the bankruptcy trustee sold a certain amount of bitcoin and bitcoin cash that belonged to the bankruptcy estate, during the period from the 10th creditors’ meeting in the Bankruptcy Proceedings (i.e., from March 7, 2018) to the commencement of Civil Rehabilitation Proceedings, and secured a certain amount of money for the bankruptcy estate.”\n\nIt appears the first sale of cryptos was to secure the fiat equivalent of creditors claims for their holdings of both cryptos and fiat money which amounted to a total of half a billion at a set price of $400 per btc.\n\nThis latest sale appears to be to secure the fiat equivalent for any disputed court claim, with Mt Gox mired in a number of legal cases that arose prior to the bankruptcy and since.\n\nThe remaining circa 140,000 btc and bch will now be distributed to creditors through civil rehabilitation proceedings, which means they will receive cryptos in cryptos, rather than in their fiat equivalent.\n\nCiivil rehabilitation claims are on-going with a deadline of October 22nd. Afterwards, it may be that early next year the cryptos are distributed to creditors.\n\nThat would mean some five years since MT Gox declared bankruptcy, the case may finally be closed, with the once biggest crypto exchange so closing a now old bitcoin chapter, although some are suggesting Mt Gox may be reinstated.![Untitled.png](https://cdn.steemitimages.com/DQmSP9H81vXXMvvyZzLiV9kHaEy8G69EB4eXPKJ8KJkiRJc/Untitled.png)",
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      "title": "Electroneum Having An Awesome Run In The Market, Moved From 111 To 58 On The Market 💥🔥",
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      "title": "Feed Back On Electroneum",
      "body": "I need some feed back on my followers that has knowledge about Electroneum Networking, I think I need to do some post about this Cryptocurrency let me know what you all think?",
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      "body": "Ripple’s XRP cryptocurrency outperformed this week the top 10 digital assets with a 43% gain. This was caused by a recent announcement from the company that XRP will be used in a new payment service developed by Ripple Labs Inc.\n\nOne of Ripple’s executives made a live statement on CNBC about their new project called xRapid, which will be available in the next month. This service will let financial companies such as payment providers speed up money transfers using XRP.\n\nWhat changed?\nRipple’s main product that is used by over 100+ companies, called xCurrent, doesn’t require the use of XRP – Companies use the network to settle transactions fast, without influencing the price of the digital currency.But now, XRP will have real value on the market due to the new xRapid service that can be used by anyone in the world who has access to it.\n\n“xRapid leverages this commutation system to allow institutions to settle inter-bank transactions using the XRP digital asset,” Lucas Nuzzi, director of technology at Digital Asset Research, said in an email. “The use of XRP is mandatory with this product.”\n\nXRP was released on as a fully operational distributed ledger in June 2012 , with 100 billion XRP created before Ripple the company was formed in September 2012. After Ripple was founded, the creators of XRP, gifted a substantial amount of XRP to the company. Ripple owned about 60 billion XRP, with the majority of it held in escrow, as of July, according to information listed on the company’s website.",
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      "memo": "=>Grow Fast in less time, promote your post with nearly 55,000 Following+ 4000 active followers, send  2SBD/2.5STEEM to 2.5SBD/3STEEM to 3SBD/4 STEEM.. Invest in your account to succeed! Find new friends/voters who will vote your posts daily. Put posts url in memo and @merlin7 ( 51,800 SP) will resteem your post + 100% upvote. Min 60+ accounts upvote from active followers.◀◀ +LOYALTY BONUS FREE EVERYDAY+ NEW *ACTIVE*FOLLOWERS + ▶▶ 2 SBD PRIZE MONEY FOR HIGHEST USER EVERY WEEK◀◀│ ▶▶HURRY!  MONTHLY LOTTERY OF 5 SBD TO 3 INDIVIDUAL │ ◀◀Subscribe weekly service with 10 STEEM ◀◀│More than 30 customers  above reputation 60 prefer this service** Merlin7 ranks** 20** in TOP CURATORS OF STEEMIT.. https://steemit.com/bisteemit/@boddhisattva/top-200-effective-steemit-curators-in-travel-category-for-the-last-week-2018-09-03-2018-09-09"
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