Day: June 24, 2024

Kiffmeister’s #Fintech Daily Digest (20240624)

~ kiffmeister

Mt Gox to start distributing $9 billion in bitcoin to creditors

On June 24, 2024, Mt. Gox’s rehabilitation trustee announced that it will start processing reimbursements starting in July 2024. More than $9 billion worth of Bitcoin (BTC) and Bitcoin Cash (BCH) is owed to approximately 127,000 creditors of Mt. Gox. These creditors have been waiting for over 10 years to recover their funds following the exchange’s collapse in 2014 due to multiple unnoticed hacks. The trustee had transferred BTC and BCH worth $9.62 billion into a new wallet, “1Jbez,” from several other cold wallets associated with Mt. Gox in May 2024 as part of a consolidation plan to prepare to start repaying creditors. [Read more at Mt. Gox]

ECB publishes first progress report on digital euro preparation phase

The European Central Bank (ECB) published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro. The report outlines the progress made on key digital euro design aspects and the envisaged next steps for the project. [Read more at the ECB and a summary at Ledger Insights]

Upcoming Speaking Engagements:

  • CBDC Conference, Istanbul, September 10-12. The conference will offer representatives of central banks, commercial banks, technology providers, policy makers and academics the perfect platform to learn about the latest CBDC developments, exchange ideas with experts and peers. [Find out more and register here][Central bank delegates may be eligible for free registration (email registration@cbdc-conference.com to find out more)]
  • Digital Currency Conference, London, September 23-24. The conference will bring together policymakers, regulators, and technology and innovation experts to network and discuss all aspects of digital currencies. And enter the KiffmeisterDCC code at registration to get a 20% discount! [Find out more and register here]

And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.