Mt. Gox’s Repayment Date Has Been Pushed Back to Mid-September
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News of the Day
Mt. Gox’s repayment date has been pushed back to mid-September
Why it matters:
The repayment dates for Mt. Gox, which were scheduled to be in late August and involved the payout of over 137,000 Bitcoins (BTC) to affected customers, appears to have been pushed back again
Nobuaki Kobayashi, the Mt. Gox trustee who is in charge of rehabilitation, has earmarked September 15 as the deadline for creditors to make or transfer a claim
After September 15, Mt. Gox creditors will be prohibited from assigning, transferring, or succeeding in their rehabilitation claims
Crypto Daily Spotlight
Helium (HNT) developers propose shifting the network to the Solana blockchain
Brief introduction: The Helium Network is a decentralised wireless peer-to-peer blockchain network designed for Internet of Things (IoT) using the LoRaWAN system and is tied to the cryptocurrency Helium Network Token (HNT). Nodes on the network are generally owned by individuals and placed in their homes or offices. Participating individuals are rewarded in payments of HNT.
Why it matters:
The developers behind Helium have proposed shifting the entire protocol to Solana; citing faster transaction speeds, higher uptimes, and more interoperability with other blockchains as key reasons
The Helium Foundation said in a blog post that users have begun to experience problems stemming from the network’s rapid growth
In the proposal, developers also outlined other benefits of integrating with Solana, given the extent of the platform’s tools and resources, and is expecting to receive a significant amount of support from the Helium community
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