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Tag: mt. gox

Former CEO of the Defunct Mt. Gox Bitcoin Exchange Gets a New Crypto Job

Category: Bitcoin, Business, Finance, News, Tech

Former CEO of the Defunct Mt. Gox Bitcoin Exchange Gets a New Crypto Job

Mark Karpelès, the former CEO of the now-defunct Mt. Gox Bitcoin exchange has landed a new cryptocurrency job. London Trust Media, a U.S.-based corporation has hired Karpelès as its new Chief Technology Officer (CTO). The company, based in Denver, Colorado, is reported to be the most extensive virtual private network (VPN) service provider in the world. The news was confirmed…

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Chainalysis Raises $16 Million from Early Venture Fund Benchmark

Category: Bitcoin, Blockchain, Business, Finance, News, Tech

Chainalysis Raises $16 Million from Early Venture Fund Benchmark

Chainalysis raised a $16 million Series A from Benchmark, an early venture fund that previously invested in Uber, Discord, Dropbox, eBay, Zendesk, and WeWork. The cryptocurrency compliance startup also released a new product called Know Your Transaction (KYT) which will help companies track criminals involved in financial fraud and money laundering. Federal Interest: Chainlaysis and the Mt Gox Case Chainalysis…

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Mark Karpelès Offers Apology for Mt. Gox Bankruptcy and Wants no Part in the Billion Dollar Settlement Windfall

Category: Altcoins, Bitcoin, Business, News

Mark Karpelès Offers Apology for Mt. Gox Bankruptcy and Wants no Part in the Billion Dollar Settlement Windfall

Mark Karpelès is a much-maligned figure in the bitcoin community. There is arguably no one considered more of a villain by members of the bitcoin community than Mark Karpelès. There was a time when he was one of the most popular figures in the community, being the chief executive of Mt. Gox, the largest bitcoin exchange platform at the time….

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Mt. Gox ‘Sell Off’ Had Absolutely Nothing to do With Bitcoin’s Downturn

Category: Bitcoin, Commentary, Finance, News

Mt. Gox ‘Sell Off’ Had Absolutely Nothing to do With Bitcoin’s Downturn

CryptoMedicated provides a great outline of how the Mt. Gox whale may not have precipitated the large drop in the price of bitcoin since December 2017. The analysis is reposted here for greater visibility, and to inform readers that this narrative that is being promoted in the cryptocurrency community as definitive may not have much substance to it. Perhaps the…

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Investors Eye Bitcoin Again After ‘Tokyo Whale’ Submerges

Category: Bitcoin, Finance, News, Regulation

Investors Eye Bitcoin Again After ‘Tokyo Whale’ Submerges

Amid speculation that a trustee of the now-defunct Tokyo Bitcoin exchange Mt. Gox has contributed to flat or even declining interest in the virtual currency, said trustee has finally stopped selling off Bitcoin to settle creditors. For now, at least. Bulls Come out of the Gate Legal practitioner and court-appointed trustee Nobuaki Kobayashi has already sold off around $400 million…

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Return of the ‘Bearwhale’: Around a Fifth of Mt. Gox’s “Missing” Bitcoin Dumped

Category: Bitcoin, Commentary, Finance, News

Return of the ‘Bearwhale’: Around a Fifth of Mt. Gox’s “Missing” Bitcoin Dumped

On March 7, Tokyo attorney and bankruptcy trustee for the dead Mt. Gox exchange “spilled the beans” on his bitcoin and bitcoin cash sales since late September up until February 2018. Nobuaki Kobayashi presently revealed he sold about $400 million worth of bitcoin and bitcoin cash.   Kobayashi was in charge of the funds raised to distribute among the Mt….

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Powerful Forces Keep Mt. Gox Heist Shrouded in Mystery, Alleges Bitcoin Entrepreneur

Category: Bitcoin, Commentary, Finance, News

Powerful Forces Keep Mt. Gox Heist Shrouded in Mystery, Alleges Bitcoin Entrepreneur

The mystery surrounding the nearly four-year-old Mt. Gox exchange heist is only intensifying with time. It all began in 2014 when Mt. Gox came under a severe cyber attack that saw unknown perpetrators stealing 850,000 bitcoin in addition to $28 million in cash. The stolen bitcoin alone was worth approximately half-a-billion US dollar back then. Shortly after the heist, the…

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BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

Category: Bitcoin, News, Regulation

BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

WizSecurity’s report which revealed BTC-E’s long lasting involvement in the Mt. Gox hack came as a shock to the Bitcoin community and industry. The unsettled case of Mt. Gox is finally set to come to an end and BTC-E is at the epicenter of a series of thefts that led to the loss of billions of dollars worth of bitcoin…

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Hedge Funds Are Buying Account Holders’ Claims to Speculate on Mt.Gox Payout

Category: Bitcoin, Business, Finance, News

Hedge Funds Are Buying Account Holders’ Claims to Speculate on Mt.Gox Payout

In February 2014, the once biggest bitcoin exchange in the world, Mt. Gox, declared bankruptcy after over $460 million worth of bitcoin were allegedly stolen by hackers. Following the bankruptcy declaration, a class action lawsuits against the exchange was filed by former users who had lost bitcoin because of the exchange’s collapse and two months later Mt. Gox’s bankruptcy proceedings…

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Mitsui Sumimoto Launches Insurance Coverage For Cryptocurrency Exchanges

Category: Bitcoin, Business, Finance, News

Mitsui Sumimoto Launches Insurance Coverage For Cryptocurrency Exchanges

Japanese insurance giant Mitsui Sumitomo Insurance, as revealed by Nikkei Asian Review, will be launching insurance coverage for cryptocurrency exchanges, designed to insure against damages and losses resulting from cyber attacks and operational issues. The new insurance product is being developed in partnership with Tokyo-based bitcoin exchange bitFlyer, aimed at protecting both exchanges and their customers against losses. The coverage…

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