Tag: mt. gox

The trustee liquidating cryptocurrencies on behalf of the now-defunct exchange Mt. Gox has offloaded another 25.98 billion yen, or around $230 million, of Bitcoin and Bitcoin Cash, Bloomberg reported on September 25. The Tokyo Whale Mt. Gox’s bankruptcy trustee, Japanese lawyer Nobuaki Kobayashi, better known as the “Tokyo Whale” in cryptocurrency circles, offloaded 25.98 billion yen ($230 million) worth of…

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The cryptosphere is agog with rumors about a bitcoin whale – someone controlling a significant amount of bitcoin – preparing to dump approximately $1 billion worth of bitcoin on the market. If it happens, such a move would almost certainly have a devastating effect on the price of bitcoin and other crypto assets in a market whose total capitalization is…

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On August 21, 2018, Mt. Gox announced it was preparing to give back around $1 billion in bitcoin to the victims of the exchange rampage. Mt. Gox Retrospective It seems that Mt. Gox is going to finally refund bitcoin to the affected users following the exchange saga. The MT. Gox infamy began in early 2014 and involved over a billion…

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While the Mt. Gox exchange may be dead, its ghost has refused to rest in peace until its killers are hunted down. Most recently, a Greek court has ruled that Alexander Vinnik, founder of the now-defunct BTC-e cryptocurrency exchange, will be extradited to France. Vinnik has been accused of playing a significant role in the Mt. Gox and Bitcoinica heists. Mr….

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Victims of the infamous Mt.Gox hack that shook the cryptospace in 2014 are yet to get reimbursed. However, there is a glimmer of hope for creditors as the Tokyo District Court has approved a petition to move the ongoing case from criminal bankruptcy to civil rehabilitation. Get Paid in Bitcoin According to a statement on the Mt.Gox website on June…

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For the first time since the start of the year, the price of bitcoin dipped below $6,000 per coin, which marks a 10 percent decline versus the previous week and an over 50 percent drop year-to-date. The continuance of the bitcoin price decline was driven by the hack of Korean bitcoin exchange Bithumb and the news that Mt.Gox creditors will…

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The Greek police have uncovered a plot to assassinate Alexander Vinnik, the Russian citizen that has been accused of having a hand in the Mt. Gox heist. Back in July 2017, a Japanese Cybersecurity firm, WizSec, revealed that Vinnik was actively involved in laundering $4 billion worth of bitcoin from the Mt. Gox and Bitcoinica crypto exchange hacks. Murder Attempt on…

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Mt.Gox, the infamous crypto-exchange which was hacked in 2014 of 850,00 bitcoins, has reportedly moved a huge amount of bitcoin (BTC) and bitcoin cash (BCH) to crypto-exchange wallets. If history is any indication of the future – a “dump” of bitcoins on the market, followed by panic selling could be expected soon. The underlying technology of bitcoin, blockchain, allows anyone…

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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 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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