Just-In: Mt. Gox Extends Repayments Deadline Sparking Market Optimism

Bankrupt cryptocurrency trading platform Mt. Gox said it will extend the official timeline to repay its creditors. The platform revealed that it has secured court approval for a delay in its repayment plans, sparking market optimism. Notably, the firm’s compensation has so far weighed on the investors’ sentiment over a potential selloff in the market. This selloff concern has also weighed on the investors’ sentiment, as evidenced by the decline in Bitcoin and other altcoins earlier this year.