Mt. Gox

Mt Gox traders agree to settle class actions against bankrupt Bitcoin exchange

American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.

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Mt Gox to go for liquidation instead of bankruptcy

Tokyo, Japan-based Bitcoin exchange Mt Gox will file for liquidation in Tokyo instead of its initial plan of rebuilding the firm under bankruptcy protection after a bug reportedly brought the site down.

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Bitcoin derivatives platform BTC gets funding from Seedcoin

Bitcoin derivatives trading platform has secured funding from Seedcoin Fund, Chief Operating Officer George Samman told Reuters on Tuesday.

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Sources say Mt. Gox employees confronted CEO about finances two years before seeking bankruptcy

Three people told Reuters that employees already approached Chief Executive Officer Mark Karpeles in 2012 about how the bitcoin exchange was protecting the money of its clients.

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Tokyo District Court extends deadline for Mt. Gox investigation

The Tokyo District Court has extended the deadline of the investigation on the reason behind the failure of Tokyo-based Mt. Gox to May 9, Reuters reported.

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Developers modify Bitcoin software to resolve transaction flaws

Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.

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Mt. Gox reveals it found 200,000 Bitcoins in "old format wallet"

Mt. Gox said it had found 200,000 Bitcoins in a wallet that it used before June 2011. The discovery was made on March 7, a week after it had filed for bankruptcy, Reuters reported

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Facebook Security Director Ryan McGeehan to transfer to US Bitcoin startup Coinbase

Facebook Secutiry Director Ryan McGeehan annouced that he is leaving in early April to take a security-related position at San Francisco, US-based Bitcoin startup Coinbase.

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Investors continue to support Bitcoin despite Mt. Gox failure and losses

The recent drawbacks faced by Bitcoin has not deterred investors from continuing to support and make investments in ventures related to the crypto-currency, TechCrunch reported.

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US investors Benchmark, Fortress, and Ribbit to buy stake in Pantera's Bitcoin fund

US-based investment firms Benchmark Capital, Fortress Investment Group, and Ribbit Capital are buying a stake in Pantera Capital's Bitcoin fund called Pantera Bitcoin and committed to conduct virtual currency transactions through Pantera.

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Mt. Gox allows users to login and check Bitcoin balance

Mt. Gox has brought back its login screen so that users can check their Bitcoin balances. However, it's still not certain when the digital currency platform will allow users to access their digital money, TechCrunch reported.

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Mark Karpeles' computer contained malware that stole Bitcoins from Mt Gox users

According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.

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Canadian Bitcoin investors file class action lawsuit against Mt. Gox and Mizuho Bank

A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.

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Japan decides not to regulate Bitcoin transactions

After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.

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Flexcoin closes after theft of all bitcoins in hot wallet

Just less than a week after Mt. Gox filed for bankruptcy for losing 850,000 bitcoins on its website, Flexcoin is closing shop after its "hot wallet" got hacked.

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