Will the $5.5 billion Mt Gox payments due crash bitcoin?
September 17, 2018 3:00 pm
Japanese courts have given permission for those that lost bitcoins in the #bankruptcy of the Mt. Gox #cryptocurrency exchange to make a claim and have the 160,000 coins available returned. Analysts are asking whether the process will see a crash in the price of bitcoin as claimants cash in their profits. IGTV’s Jeremy Naylor looks at recent price action in #bitcoin and also refers back to an interview IG undertook with RW Advisory technical analyst, Ron William.
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Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
Japanese courts have given permission for those that lost bitcoins in the #bankruptcy of the Mt. Gox #cryptocurrency exchange to make a claim and have the 160,000 coins available returned. Analysts are asking whether the process will see a crash in the price of bitcoin as claimants cash in their profits. IGTV’s Jeremy Naylor looks at recent price action in #bitcoin and also refers back to an interview IG undertook with RW Advisory technical analyst, Ron William.
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We provide fast and flexible access to over 10,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. We have recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
† For the 12 months preceding 1 July 2018.
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