Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 04
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- FTX Begins Creditors’ Repayments After Two Years of Bankruptcy
- Jan 04, 2025 at 05:34 pm TheNewsCrypto
- FTX, which filed for bankruptcy in 2022, has begun repaying creditors under a court-approved plan. The initial phase focuses on small claims under $50,000, expected to be settled within 60 days. The Debtors Plan, effective since January 2025, aims to distribute $14.7-16.5 billion to creditors, representing nearly 119% of claimed account value. Despite criticism over using crypto prices from the collapse date, market analysts speculate FTX's repayments could stimulate the crypto market.
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Jul / 17
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- Bitcoin Slides as Mt. Gox Gets Ready for Creditor Repayments
- Jul 16, 2024 at 07:24 pm TheCoinrise
- Recent internal coin movements by the defunct Mt. Gox exchange have caused Bitcoin to face renewed selling pressure. As part of creditor repayments, Mt. Gox's internal fund transfers have sparked concerns about a potential mass sell-off. The decline in Bitcoin's price was triggered by the transfer of 0.021 BTC to an external address, followed by a significant 44,527 BTC transfer to an internal wallet. This selling pressure has also had an impact on the wider cryptocurrency market, with Ether and other top altcoins experiencing losses.
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