Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express

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.

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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:

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