Bitcoin markets are safe from a Mt Gox dump for now, Hong Kong to boot out unlicensed exchanges, Binance sells Gopax claims at rock bottom.
Our weekly roundup of news from East Asia curates the industrys most important developments.
Mark Karpeles, the former CEO of defunct Japanese crypto exchange Mt. Gox, said that the firm will not dump its Bitcoin stake to repay creditors as of now: “As far as I know, everything is fine with Mt Gox. The trustee is moving coins to a different wallet in preparation for the distribution that will likely happen this year; there is no imminent sale of Bitcoins happening,” Karpeles wrote.
In a statement to Cointelegraph, Neil Roarty, analyst at investment platform Stocklytics, said that any potential flash sale by Mt. Gox could upset the current supply and demand dynamic:
