Daily Crypto NewsEDITION #53, 16 October 2020

Mt.Gox Ghost

Hey #Moni Maker 😇

Have you heard of the biggest robbery of the century? It was not a bank- or a jewelry store robbery. It was a Mt. Gox hack six years ago; the hackers got away with an astounding 850,000 BTC. The guys who kept their coins on the exchange are still waiting for repatriation. Crypto exchanges' approach to security has gone a long way since then, but don't forget to carefully select the exchange and closely follow the news!

Let’s go!

The trustee of the hacked and bankrupt Mt.Gox Cryptocurrency Exchange, Nobuaki Kobayashi, today published a new announcement to postpone the civil rehabilitation plan for two more months.

The lawsuit for handing out BTC to affected users began two years ago after 850,000 BTC were stolen from the exchange in 2014.

So what?

Mt.Gox is one of the sickest places of the crypto body, along with Bitconnect. It's a pity that it takes so long to heal.

Most likely, large investors accumulate cryptocurrency before Ethereum 2.0 launch for stacking. It will be entertaining to watch what will happen to these coins after the network update.

So what?

People have been waiting for the second coming of ETH for a very long time, ETH is capturing the air of the crypto agenda.

Oh... what will happen to the DeFi market when the second version of Buterin's creation is released... Our Digests will simply drown in the news :)

According to Chain.info's data, approximately 10.6% of BTC is currently contained on five centralized exchanges.

So, the top 5 is:

Coinbase — 944 904 BTCHuobi — З2З 665 BTCBinance — 289 961 BTCOKEx — 276 184 BTCKraken — 126 510

The rest of the coins are distributed between Bitfluer, Bittrex, Bitfinex, Poloniex, Coincheck, Gate, and Bitstamp: 210,000 BTC.

So what?

Only 10,6%! And now imagine how much currency is stored in two or three major banks of the country? Most likely, 70 times more.

Never forget that the game recently changed during the decentralized revolution, and it can easily start to overthrow the old school in the near future.

Following McAfee and Bitmex, police tried to get OKEx founder busted.

Right now, we have no official statements from the government and no idea what's the beef there.

So what?

Right now, we don't know if these three guys are guilty or not. But be sure, really soon, such "anti-crypto" cases will be honored by society. No matter if you were laundering money, avoiding taxes, or was just a victim of competitors.

Crypto community had an enemy with the illusion face of the banking system, right now, this face is real - a criminal case against crypto enthusiasts.

— Block one announced EOS for business;

— Top 100 Uniswap coin liquidity charts is available on TradingView.