Archive | mt. gox

This Week in Bitcoin: Japan Gets Goxxed and Iota Gets Into a Tangle

For the first time in forever, this week in bitcoin was strangely subdued. No major price movements, no regulatory crackdowns and no Tether collapse. Iota got into a bit of a pickle and then blamed everyone else, as Iota is apt to do, but that’s all. Everything was uneventfully ticking over, right up until Friday, […]

$530 Million Hack of a Cryptocurrency Exchange: Security Flaws

One of the largest cryptocurrency exchanges in Japan has fallen victim to hackers thanks to their negligent storage practices. Coincheck Inc., have announced today that around half a billion dollars worth of the digital currency NEM have been transferred without permission from the company’s hot storage wallet. The news broke late last night at a […]

Japan Approves New Bitcoin Exchange as Adoption Grows and Peers Expand Overseas

The Japanese financial regulator has approved one more cryptocurrency exchange, making it the 16th exchange to be licensed. As competition intensifies, some local exchanges are branching abroad in search for more volume and liquidity. Meanwhile, more merchants are embracing bitcoin. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Another Bitcoin […]

Mt Gox Creditors Petition the Court to Get Full Distribution of Bitcoins

Within the cryptocurrency community, the Mt Gox legal proceedings have been a very topical subject with a court case that has been dragged out for four years. Now a group of creditors are pleading with the Tokyo court to change the bankruptcy case to civil rehabilitation. Also Read: Bitcoin’s Price Rise Brings Mt Gox Closer to Solvency  […]