Bitcoin down 5% on Friday to a one month low. Analysts say the dip is caused by fears of regulation, rumours of an exchange hack, and news of a big seller in the market. LONDON – Bitcoin is slumping on Friday, down by 5% in early morning trade to trade […]
Mt Gox, once the largest bitcoin exchange in the world, filed for bankruptcy in 2014. Bankruptcy trustees have been selling the company’s bitcoin since September to raise funds to pay creditors. $US400 million-worth of bitcoin has been sold so far and investors are concerned that the large trades could be […]
The CEO of hacked bitcoin exchange Mt Gox said that discovering he had lost £4.5 billion worth of customer money “felt like I was about to die.” Karpeles told the BBC that running the bitcoin exchange was a “daily nightmare” and a “constant race.” Karpeles has been released on bail […]
Users of the Tokyo-based bitcoin exchange...
The exchange was at the centre of the Bitcoin world, then things rapidly fell apart.
An unredacted version of Mt. Gox’s “crisis strategy draft” shows the Bitcoin exchange was projected to be financially healthy and profitable before it was robbed of $US300 million. Through March of this year it was supposed to book more than $US10 million in net sales, and show $US3 million in […]
Trading anonymity for transaction protection.
The big news in Bitcoin world today is that the website Mt. Gox — which at one point was the pre-eminent place to trade Bitcoin — has now gone offline. It’s just up and disappeared. This comes a day after the company withdrew from the Bitcoin Foundation, and amid weeks […]