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Nobuaki Kobayashi, the trustee in charge of overseeing Mt Gox’s remaining assets, has pushed back the deadline for creditor repayments by a year, now set for Oct. 31, 2025. Mt Gox Trustee Postpones Repayment Deadline by One Year In an announcement on Thursday, Kobayashi cited delays in distributing the funds recovered after the 2014 collapse … Read more
The detention of a U.S. journalist in Russia has sparked a renewed push from Alexander Vinnik, the co-founder of BTC-e for a possible “prisoner swap” deal. Go to Source Powered by WPeMatico
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number of inquiries” and may not be able to respond to … Read more
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first … Read more
A Texas man, who calls himself “Doctor Bitcoin,” has pleaded guilty to running an illegal cryptocurrency exchange business, converting cash to bitcoin. He faces five years in federal prison. Crypto Exchange Operator Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded guilty to “illegally operating … Read more
Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies. Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act. According to … Read more
A bitcoin ATM operator has been sent to federal prison for two years for running an illegal cryptocurrency exchange operation. U.S. authorities have seized 17 bitcoin ATMs, along with some cryptocurrencies, including bitcoin. Illegal Bitcoin ATM Operator Sent to Prison The U.S. Department of Justice (DOJ) announced Friday that a California man, Kais Mohammad, has … Read more
Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in New Hampshire,” the U.S. Department of Justice (DOJ) said. FBI Raids Properties and Charges 6 People … Read more
With Coinbase firmly within the top 500 U.S. websites by popularity, it seems that all publicity is good publicity as mainstream consumers come on board. Go to Source Powered by WPeMatico
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia … Read more
