The Epic Fall Of Mt. Gox: The Increasingly Illiquid Bitcoin Exchange
Here's a quote you haven't seen in awhile. Some time between June 22nd, 2013 and July 23rd, 2014 Mt. Gox finally removed that quote from the front page of their website. In fact, long before summer of 2013 and even before the light bubble pop of April 2013, Mt. Gox was no longer processing 80% of all Bitcoin trade... Thus began the epic fall of Mt. Gox. Today, according to Bitcoincharts, Mt. Gox is currently the 2nd largest exchange by volume having fallen behind Bitstamp in the last year. One of the major events that has shifted consistent volume away from Mt. Gox is Coinbase switching....
Related News
Onchain statistics show 78% of the circulating bitcoin supply is illiquid and barely accessible according to Glassnode research. Data indicates that the analysts have classified 14.5 million bitcoin as illiquid and only 4.2 million bitcoin in constant circulation. One of the most treasured parts of the Bitcoin (BTC) protocol is the fact that the system is mathematically provable, and bitcoins are scarce. When Satoshi Nakamoto created the crypto asset, the inventor set the supply cap to end at 21 million coins issued and today, there’s approximately 18.58 million BTC in circulation.....
Alameda Research is on thin ice if we’re to believe the latest report. Sam Bankman-Fried’s trading firm appears to have most of its assets in illiquid altcoins, which is bad enough. Worse even is that the lion’s share of its assets is in FTT, the token created by his derivatives exchange FTX. If that’s true, […]
The way bitcoin holders move the BTC in and out of their wallets can often be a strong indicator of where the market might be headed next. Not just the movements of the asset, but where they are being moved to. An example of this is when more investors are moving their holdings to exchanges, which means that sell sentiment has risen and investors are dumping their coins, and vice versa. In this same line, looking at the liquid and illiquid supply of bitcoin can also be another strong indicator. And this time around, the percentage of bitcoin supply that remains illiquid point towards a....
Since May 2021, the supply of illiquid bitcoin has grown by almost 371,000 BTC.
Epic Games has been one of the few major traditional game developers and publishers in the market to show a clear interest in NFTs. While the tier 1 gaming company hasn’t been especially aggressive in the space quite yet, Epic CEO Tim Sweeney has a notorious pro-developer stance, and has expressed that NFTs can show […]