Mark Karpeles plans to split the proceeds with the failed exchange’s creditors.
MtGox creditors and an investment group struck a deal to revive the bitcoin exchange as liquidation proceedings play out in Japan.
Will this be the week that ended Bitcoin? It’s too early to know, but the market is recovering even in the shadow of the MtGox mess.
As Mt. Gox continues its downhill slide, here’s a look at what’s happening in the Bitcoin world.
Board members of the Bitcoin Foundation are facing scandal and even jail time. The currency’s supporters, who deserve better, should look at other governance models — including those used by companies and central banks.
The legal fight between the world’s biggest Bitcoin exchange and its would-be partner had gotten much messier: Mt. Gox says the failed partnership if CoinLab’s fault since it promised — but failed to get — a regulatory greenlight.
Bitcoin has had a rough few months. But three news items in the last week bode well for the currency’s liquidity — and its legitimacy.
Bitcoin’s exchange mecca Mt. Gox is running into mounting troubles with phishing, the feds, and just keeping the lights on. But despite those problems, Bitcoin prices are holding firm.
Bitcoin traders were rattled yesterday on news that Homeland Security had shut down a popular form of trading the cyber-currency. Today, the price recovered as news emerged that the feds are targeting an exchange more than Bitcoin itself.