Tagged: mt gox

January 1, 2023 @ 11:30 am By Omar Faridi  |  

Since the beginning of the year, the price of bitcoin has dropped by 64% from $46,311 to $16,851, but the market hasn’t yet reached a bottom. As the global economy enters a recession, the world’s first cryptocurrency could fall to $10,000 in 2023, according to… Read More

November 23, 2021 @ 4:32 pm By Tony Zerucha  |  

While there is plenty of speculation as to why Bitcoin’s recent sideways movement has been happening, it is most likely a simple break in a continued bull market, Genesis head of market insights Noelle Acheson said in a research note this week. With the recent… Read More

August 1, 2019 @ 3:58 am By Cali Haan  |  

A judge in Philadelphia has ruled that a class-action suit brought against Mark Karpeles, the reviled former CEO of the Mt Gox bitcoin exchange, can proceed in Pennsylvania. Karpeles had asked for dismissal claiming Pennsylvania courts did not have jurisdiction, but the judge determined that… Read More

June 5, 2019 @ 9:41 pm By Cali Haan  |  

Mark Karpeles, the man whose incompetence many believe resulted in the destruction of early Bitcoin-exchange Mt Gox and the loss of almost $500 million USD of Mt Gox user funds, is starting a new “blockchain” venture, AP News reports. Karpeles recently beat tremendous odds and… Read More

March 30, 2019 @ 6:08 am By Cali Haan  |  

Prosecutors in Japan have decided not to appeal a Tokyo court’s decision to acquit disgraced former Mt Gox Bitcoin exchange CEO Mark Karpeles on charges of embezzlement, Mainichi reports. Carpeles was, however, found guilty of manipulating Mt. Gox bitcoin trade data between February and September… Read More

March 23, 2019 @ 12:30 pm By Cali Haan  |  

Alexander Vinnik, a 39-year-old Russian national accused by three countries of crimes involving bitcoins, including money-laundering and fraud, has filed an appeal with a court in Piraeus, Greece, asking that he be released from prison on humanitarian grounds and returned to Russia, Ekathimerini reports. Vinnik… Read More

March 15, 2019 @ 5:53 pm By Cali Haan  |  

The disgraced former CEO of the Mt Gox bitcoin exchange, Mark Karpeles, has defeated overwhelming odds by being found not guilty of all but one charge leveled against him by Japan prosecutors, who typically enjoy a 99% conviction rate. The charges, which, according to CNN,… Read More

February 10, 2019 @ 11:17 am By JD Alois  |  

Gox Rising Limited, a corporation incorporated in the British Virgin Islands, has scheduled a series of calls to discuss a plant to relaunch  Mt. Gox Exchange. Mt. Gox Exchange, a Bitcoin trading platform that was based in Japan, remains one of the most famous crypto… Read More

February 7, 2019 @ 2:20 pm By Cali Haan  |  

Give-with-one-hand to old investors and take-with-the-other from the new seems to be an increasing policy in crypto worldwide, and ga-ga serial cryptocurrency creator and billionaire Brock Pierce now proposes to compensate ripped off Mt Gox investors by creating yet another crypto, “Gox Coin,” Tech Crunch… Read More

December 27, 2018 @ 6:44 pm By Cali Haan  |  

Mark Carpeles, the disgraced former CEO of the now-defunct early Bitcoin exchange Mt Gox, has told a Japanese court that he did not embezzle 340 million yen (~$3 million USD) from the exchange in 2013, NHK reports. Mt Gox fell apart in the early months… Read More

December 12, 2018 @ 10:27 am By Cali Haan  |  

Prosecutors in Japan today asked the courts to levy ten years imprisonment against Mark Karpeles, former CEO of Mt Gox, the largest early bitcoin exchange, Nikkei Asian Review reports. Mt Gox folded in 2014 after $423 million in bitcoins and $247 million in cash went… Read More

November 29, 2018 @ 2:27 pm By Cali Haan  |  

Plaintiffs who pressed criminal fraud charges in Cyprus against accused former BTC-e crypto exchange administrator Alexander Vinnick have withdrawn the charges, TASS reports. “A court session of the Limassol District Court was held on November 27, 2018, where the plaintiffs withdrew the action to accuse… Read More

November 21, 2018 @ 5:14 pm By Cali Haan  |  

The legal rights of a man at the centre of an international tug-of-war have been violated by the Greek justice system, a lawyer for accused BTC-e administrator Alexander Vinnik argued in court this week. “You have violated the rights of Alexander Vinnik, who hasn’t received… Read More

September 25, 2018 @ 4:51 pm By JD Alois  |  

Mt. Gox, the infamous cryptocurrency exchange (really a Bitcoin exchange) that went bankrupt in 2014 due to mismanagement and theft, is getting closer to settling at least some of the claims that stand against it. Today, the bankruptcy trustee published a document indicating BTC 24,658.00762 and BCH … Read More

September 3, 2018 @ 6:23 am By Aubrey Hansen  |  

One of the most significant impediments to mass cryptocurrency adoption is the lack of trust and security in the industry. Users have witnessed or experienced themselves a plethora of malicious attacks and illegitimate business practices on trading exchanges which leave them less prone to being… Read More

August 13, 2018 @ 11:00 am By Cali Haan  |  

Onsite inspections of 16 licensed cryptocurrency exchanges and 7 with licenses pending in Japan has revealed generally loose business practices and controls, according to a report released last Friday by the Japanese Financial Services Agency (FSA). The inspections were conducted by the FSA in cooperation with… Read More

August 7, 2018 @ 10:22 pm By Cali Haan  |  

A Japanese bank that allegedly allowed notorious failing cryptocurrency exchange Mt Gox to continue accepting deposits while simultaneously freezing withdrawals is once again appealing a ruling that allowed a class action suit to proceed against the bank in the US, Finance Feeds reports. The bank,… Read More

January 28, 2018 @ 8:49 am By JD Alois  |  

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors. At current exchange rates, this means Coincheck will need to pay out over USD $523 million to the estimated 260,000 impacted users. At the time… Read More

April 11, 2013 @ 7:00 am By Charles Luzar  |  

Bitcoin is a cryptocurrency that is particularly popular amongst libertarian-minded individuals because of it’s decentralized, open-source nature. For a quick primer on what bitcoin is and how it works, check out this presentation by Robert McNally. A Wild Day For Bitcoin The currency made a… Read More