Mt. Gox Trustee Rehabilitation Plan Extended Until Mid-December – October 15

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $11,372

Bitcoin price has maintained its position above the $11,300 level today, following a brief test of local support.

Top-20 altcoins have had a dull day of trading, as Ethereum falls just over 1%, XRP drops 2%, and Tezos takes a 4% hit.

Top Stories for October 15, 2020 πŸ”₯

πŸ‘‰ Mt. Gox Trustee Rehabilitation Plan Extended Until Mid-December

The Mt. Gox trustee rehabilitation plan has been extended once again, this time until December 15th 2020.

The trustee is in charge of formulating a plan to distribute 150,000 recovered Bitcoins to victims of the Mt. Gox hack of 2014, however the process has been delayed multiple times.

Distribution of the 150,000 Bitcoins has been closely watched by Bitcoin traders, as the sudden supply may have a significant effect on the market.

πŸ‘‰ Grayscale Reports Over $1B in Q3 Investments

Grayscale Investments has reported more than $1 billion in new investments over the third quarter of this year, setting a new quarterly record.

Quarter 2 investments into Grayscale products weighed in at $906 million, and the total investment value for 2020 has now reached almost $2.5 billion.

πŸ‘‰ Algorand Foundation Launches Europe Startup Accelerator

The Algorand Foundation has set up an accelerator program for Europe, which will support blockchain innovation in the region.

The program is funded by Eterna Capital and Borderless Capital, and will provide up to $500,000 to eligible startup projects.