Mt. Gox Trustee Sets January Deadline For Repayment Selection – October 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,601

Bitcoin price has failed to hold $20,000 once again, as prices slip 2% to $19,600 to begin Friday.

Top-20 altcoins have mostly seen small losses over the last 24 hours, as Ethereum falls 2%, BNB drops 4% following a hack and XRP rises 1%.

Top Stories for October 7, 2022 πŸ”₯

πŸ‘‰ Mt. Gox Trustee Sets January Deadline For Repayment Selection

Mt. Gox trustee Nobuaki Kobayashi has given creditors until January 10 to register and select a repayment method for funds recovered for the defunct exchange.

Creditors will need to fill out an online rehabilitation claim form and choose to be reimbursed via bank remittance, fund transfer service provider, or a cryptocurrency exchange or custodian.

The Mt. Gox exchange collapsed in 2014, after insolvency issues. It was the largest cryptocurrency exchange at the time.

πŸ‘‰ BNB Halts Chain After $500M Hack, Governance To Decide On Next Steps

BNB Chain is back up and running after being halted by validators yesterday, in response to a hack of more than half a billion dollars worth of BNB from the platform’s cross-chain bridge.

The team says that it will use on-chain governance to decide what to do with the hacked funds – including options to freeze the funds or to “auto-burn” the tokens. There will also be a vote for bounties on catching hackers.

πŸ‘‰ Reserve Bank Of India Publishes Concept Report For CBDC

The Reserve Bank of India (RBI) has published a 50-page “concept note” on the potential introduction of a central bank digital currency (CBDC), written by the RBI’s Fintech Department.

The central bank says that it will begin a pilot for its CBDC soon, applying to specific use cases. Finance minister Nirmala Sitharaman has also announced that a digital rupee would be issued in 2022 or 2023.