Earlier this month, we reported that a group of investors were interested in acquiring the bankrupt Mt. Gox bitcoin exchange platform for one bitcoin ($501). The initiative would have the website overhauled and revived and proceeds of transactions would be allocated to both users and … [Read more...]
Report: Mt. Gox’s explanation of losing thousands of bitcoins is doubtful
Late last month, Mt. Gox, one of the biggest bitcoin exchanges in the world, filed for bankruptcy and claimed that approximately 850,000 bitcoins, totaling a value of $450 million at the time, were lost and likely stolen. Last week, it confirmed that it discovered 200,000 bitcoins in … [Read more...]
BTC-e, Bitstamp handling 75% of trades amid Mt. Gox collapse
After the collapse of one of the largest bitcoin exchange platforms in the world, Mt. Gox, numerous bitcoiners have looked elsewhere to handle their digital currency holdings. Bitcoin exchanges BTC-e and Bitstamp are taking advantage of Mt. Gox’s losses and presently handling a … [Read more...]
Is using the hand of government for bitcoin thefts justified
With three bitcoin exchanges shutting down after experiencing thefts worth hundreds of millions of dollars, some in the bitcoin community are urging government regulation and intervention to protect consumers. It was reported Sunday that Mt. Gox, one of the world’s biggest exchange … [Read more...]
Mt. Gox is not bitcoin: mainstream media outlets call Armageddon for bitcoin
If anyone outside of the bitcoin community would have listened to various mainstream media outlets this week, one would think that the virtual currency market has imploded, investors have lost their entire net wealth a la 1929’s Black Tuesday and critics have been proven correct. This … [Read more...]
Marc Andreessen gloats on Twitter as bitcoin swiftly rises in value after Mt. Gox debacle
After the potential insolvency of Mt. Gox, one of the world’s biggest bitcoin exchange platforms, many have speculated that this could very well be the end of the digital currency. However, a collapse doesn't appear to be in sight because bitcoin has risen from around $400 to as high … [Read more...]
Mt. Gox vanishes – Should Japanese authorities intervene in Mt. Gox insolvency
Bitcoin holders are scratching their heads Tuesday morning after one of the world's biggest bitcoin exchange platforms, Mt. Gox, might have vanished off of the Internet forever, its founder gone and its Tokyo-based office empty. Mt. Gox officials have not responded to telephone calls, … [Read more...]
Larry Summers: Bitcoin has potential ‘to be a very, very important development’
Former United States Treasury Secretary and Federal Reserve Chair candidate Larry Summers sat down with Morning Money during the National Association for Business Economics policy conference and the former Obama administration official was asked about bitcoin. His answer was a … [Read more...]
Bitcoin speculators purchasing rights to Mtgox accounts amid price decline
Is this the last great buying opportunity or a signal that bitcoiners need to help shut down the Tokyo-based Mt. Gox exchange through the tools of the market? The company has repeatedly stated that it's working to fix a software glitch, which means users have been unable to withdraw … [Read more...]
