Mt. Gox repayments won’t be as bad for Bitcoin as you think: Analysts
The nearly $9 billion in Mt. Gox creditor repayments starting July may not kick down the price of Bitcoin, but they could spell trouble for Bitcoin Cash. Go to Source
MtGox
Auto Added by WPeMatico
Biggest Heists in Bitcoin History and How They Were Pulled Off
Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With … Read more
Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement
Mark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF … Read more
Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’
Brock Pierce has launched his own bid for the civil rehabilitation of Mt. Gox, promising to pay out all current funds to creditors while also talking about issuing debt tokens or giving away equity in a resurrected Mt. Gox exchange. As noble as this may sound on the surface, there are strong reasons to question … Read more
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
Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice
Only since the beginning of the year, over $742,68 million have been stolen from crypto exchanges, and a series of attacks goes on. Why does this happen and how can exchanges defend themselves? Go to Source Powered by WPeMatico
Markets Rattled as Bitcoin Falls Below $6,100
Today marks a landmark decision in the MtGox debacle, where as the Japanese court approves rehabilitation of the Bitcoin exchange from bankruptcy. Despite the positive news, markets are tumbling, as many top altcoins are experiencing double digit percent losses aside Bitcoin’s decline. The ruling by the court today marks Bitcoin exchange MtGox as the first … Read more
Cryptocurrency Exchange Kraken Withdraws from Japanese Market
Cryptocurrency exchange Kraken is suspending all of its services to Japanese residents. The exchange has been allowed to operate in Japan while its application with the country’s financial regulator is being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kraken Pulling Out of Japan Kraken announced on Tuesday the suspension of its services … Read more
Hacked Mt. Gox Funds Linked To UK ‘Shell’ Company As Creditors Await $400mln
As investigations into the Mt. Gox Bitcoin laundering continue, creditors may soon see an injection of $400mln. #NEWS Go to Source Powered by WPeMatico
Japan Approves New Bitcoin Exchange as Adoption Grows and Peers Expand Overseas
The Japanese financial regulator has approved one more cryptocurrency exchange, making it the 16th exchange to be licensed. As competition intensifies, some local exchanges are branching abroad in search for more volume and liquidity. Meanwhile, more merchants are embracing bitcoin. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Another Bitcoin … Read more
