“This is the first time in Japan legal history,” noted attorney Daniel Kelman, “ that a Liquidation has ever converted into a Rehabilitation —it’s always the other way around after a rehab fails. This is also made a legal history as well.”
The Tokyo District Court ordered the commencement of civil rehabilitation proceedings, that - “enormous assets, which were to be distributed to Mt. Gox’s shareholders under the bankruptcy proceedings, will be returned to creditors.”
So it is now confirmed that Mt. Gox can not sell any bitcoin , which results in less manipulation of crypto market . This indicated that now there are some chances of stability in the market . Keep holding your horses for huge profits in the coming future .
Keep Earning !!
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This will be a really good news.
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This type of steps should be taken in crypto market
I'm happy because mt.Gox now can't sell bitcoin.
thats amazing news for crypto lover
But still I can't understand for this Market Crash. Last time it was because of MTGOX but this time this hugh dump because of what reason?
It is because of the big whales they dump the market so that they can buy in low price and can sell it in huge profits !
Great news for MTGox investors.
now mtgox cannot manipulate the market good news for crypto lovers.
even though manipulation wont happen there will be lot of fuds to create panic
Good news for crypto investers
That was needed so much & it happened.
I don't have any problem about market because iam a long term holder....My suggestion to all who sell their coins don't be panic ,this is want whales from you that you sell your coins then he buy your coins at lowest prise then if market will up then they sell and make their profit.
I don't agree that Mt Gox selling caused market crash.
Major dump was due to whales selling their BTC and buying again a low price.
HODL and believe in Blockchain