Mt Gox creditors are set to finally receive their long-awaited Bitcoin repayments, with the window for payouts opening this month. The first tranche of repayments, which includes early lump sum and intermediate payments, is expected to begin on March 10, and creditors have until September 30 to complete the process

The Reserve Bank of Australia (RBA), the country’s central bank, has announced an upcoming pilot phase for a central bank digital currency (CBDC), a digital version of the Australian dollar dubbed eAUD.

Commission-free trading platform Robinhood has launched its cryptocurrency wallet on Apple’s App Store, making it available to iOS users in over 130 countries. The company announced in a recent post that users would no longer need to wait on a waitlist to gain access to the self-custody wallet, which supports multiple chains.

 Top stories in the Crypto Roundup today:

• Mt Gox Creditors to Finally Receive Their Bitcoin
• Australia Announces CBDC Pilot
• Robinhood Crypto Wallet Rolls Out on iOS Globally
• Digital Assets Continue To Outperform Traditional Counterparts

Mt Gox Creditors to Finally Receive Their Bitcoin

Mt Gox creditors are set to finally receive their long-awaited Bitcoin repayments, with the window for payouts opening this month. The first tranche of repayments, which includes early lump sum and intermediate payments, is expected to begin on March 10, and creditors have until September 30 to complete the process

However, the process of distributing repayments is not without its challenges. Each creditor has had to register with an exchange and nominate it to receive the funds on their behalf.

Exchanges have given varying timelines for processing payments, with BitGo claiming they will take place within 20 days, while Kraken has said that payments may take up to 90 days. These delays are an added frustration for creditors who have already been waiting for years to see any return on their lost Bitcoin.

Mt. Gox creditors are set to receive a portion of the exchange’s balance sheet as repayments, though the exact amount remains unclear. According to two creditors, the balance sheet hasn’t changed significantly since 2019, when it totaled 142,000 bitcoin ($3.3 billion today), 143,000 bitcoin cash ($19 million), and 69 billion yen ($510 million). The proportion of the balance sheet being distributed hasn’t been confirmed.

Payments will be made in a combination of crypto, including bitcoin and bitcoin cash, as well as fiat money.

Australia Announces CBDC Pilot

The Reserve Bank of Australia (RBA), the country’s central bank, has announced an upcoming pilot phase for a central bank digital currency (CBDC), a digital version of the Australian dollar dubbed eAUD.

The RBA, in collaboration with Australia's Digital Finance Cooperative Research Centre, has invited a select group of companies, including ANZ and Mastercard, to explore 14 potential use cases for the CBDC, including offline payments and tokenized invoices.

According to the RBA's Assistant Governor Brad Jones, the pilot and research study will serve two purposes: to provide hands-on learning for industry players and to enhance policymakers' understanding of how a CBDC could benefit the Australian economy and financial system.

Among the participating companies is Canvas Digital, a layer-2 network built on top of Ethereum that utilizes zero-knowledge rollups for transaction facilitation. Canvas will be piloting foreign exchange transaction settlement using Circle's USDC stablecoin and the eAUD.

Robinhood Crypto Wallet Rolls Out on iOS Globally

Commission-free trading platform Robinhood has launched its cryptocurrency wallet on Apple’s App Store, making it available to iOS users in over 130 countries. The company announced in a recent post that users would no longer need to wait on a waitlist to gain access to the self-custody wallet, which supports multiple chains.

Robinhood also revealed that the wallet will be made available on Android "later this year." Since its beta launch in September, Robinhood has expanded the number of networks and assets supported by its wallet, now allowing users to hold over 50 ERC tokens, including USDC, UNI, MATIC, and SHIB.

The wallet also supports Ethereum and Polygon and enables users to interact with various decentralized applications without incurring transaction fees.

Digital Assets Continue To Outperform Traditional Counterparts

The assets under management (AUM) of products based on BTC and ETH have been consistently rising since the start of 2023, as digital assets outshine traditional assets.

While the correlation between digital assets and traditional assets has been increasing, it has now stabilized and is projected to decline due to the growing interest in digital assets driven by innovation.

In February, the correlation between BTC and traditional assets decreased, with BTC-GOLD showing the most significant correlation shift among the monitored assets.

For further insight, make sure to check out  CryptoCompare’s latest Digital Asset Management Review.

State of the Crypto by Top Tier Exchange Volume

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