Mt. Gox Founder Knew of Security Risks Years Before Collapse, Lawsuit Claims
Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange Go to Source Powered by WPeMatico
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Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing
Setl, a United Kingdom-based Credit Agricole backed blockchain-based settlement startup, has returned after filing for insolvency in March Go to Source Powered by WPeMatico
In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration
In this edition of The Daily we cover the latest protocol upgrade to privacy coin monero (XMR), a new feature for traders using Revolut, and the blockchain-based corporate settlements platform SETL appointing administrators for the business. Also Read: Online Bank Swissquote to Add Crypto Custodial Services Monero Undergoes Protocol Upgrade The Monero development team has … Read more
Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized
On Feb. 19, the former CEO of Mt. Gox, Mark Karpeles, gave an interview on the Youtube show “What Bitcoin Did”. In episode 76, Karpeles discussed the platform’s insolvency, Coinlab’s monstrous claim for $16 billion, and Brock Pierce’s attempt to revive the defunct exchange. Also read: Mt Gox Restitution Process Frozen Due to One Man’s … Read more
Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency
Death is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of … Read more
Canadian Cryptocurrency Exchange QuadrigaCX Files for Creditor Protection in Nova Scotia
Following protracted legal and financial difficulties, Canadian cryptocurrency exchange QuadrigaCX has filed for creditor protection Go to Source Powered by WPeMatico
Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time
The infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. … Read more
After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report
Crypto and e-commerce startup Zwoop reportedly filed for administration after suspending its ICO Go to Source Powered by WPeMatico
Mt Gox Bankruptcy Trustee Sells Approximately 25,000 BCH and BTC
Mt Gox has published an announcement that its civil rehabilitation and bankruptcy trustee, Nobuaki Kobayashi, has liquidated 25,331 BCH and 24,658 BTC. The trustee is now working on “the preparation of a rehabilitation plan” to repay monetary claims against the defunct exchange. Also Read: Bitcoin Enters the Scrabble Lexicon Mt Gox Publishes Update on Bankruptcy Proceedings The … Read more
Corporate Creditors Can Now File Claims for Mt Gox Restitution
This week the trustee in charge of the Mt Gox legal case has announced that corporate customers can now file rehabilitation claims for the October 22 deadline. The news follows the claim process that started for non-corporate customers on August 23. Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules Corporate … Read more
