Only invest what you can afford to lose, Bitcoin executive says of digital … – CNN

Only invest what you can afford to lose, Bitcoin executive says of digital …CNN(CNN) — Bitcoin is still in beta, and users should only invest what they can afford to lose, executive director Jon Matonis says. “It’s still experimental, even though it’s five years old and very successful, it still is considered experimental …

Roger Ver Confirms Gox Crisis Draft Authentic, Says No One Willing to Bailout Mt. Gox

I have authenticated a private chat from early yesterday morning, in which Bitcoin insiders such as Roger Ver (Blockchain), Charlie Shrem (BitInstant) Kyle Drake (Coinpunk), and others discussed their private interactions with Mark Karpeles and speculation surrounding the latest from Mt. Gox.  Of particular interest are claims by Roger Ver that the Mt. Gox Crisis […]

Mt. Gox bitcoin debacle: huge heist or sloppy glitch? – Reuters

Mt. Gox bitcoin debacle: huge heist or sloppy glitch?ReutersMark Karpeles, the 28-year-old French CEO of Mt. Gox, which once handled around 80 percent of the world’s bitcoin trades, filed for bankruptcy at a Tokyo District Court late on Friday. His lawyer said that nearly all the bitcoins in the exchange’s …

Bitcoin Exchange Mt. Gox Files for Bankruptcy – Forbes

Bitcoin Exchange Mt. Gox Files for BankruptcyForbesIn a stunning reversal of fortune for what was once the largest Bitcoin exchange in the world, Mt. Gox has filed for bankruptcy protection in a Tokyo district court. Citing liabilities of approximately…

Bitcoin ATMs Open in Singapore – Wall Street Journal (blog)

Bitcoin ATMs Open in SingaporeWall Street Journal (blog)Bitcoin machines began operating in Singapore and Hong Kong even as the once-dominant Mt. Gox exchange said Friday it was filing for bankruptcy protection. Tokyo-based Mt. Gox said it lost almost 750,000 of its customers’ bitcoins, marking the collapse …Bitcoin ATM Opens in Singapore Amid Probe Into Tokyo’s […]

Bitcoin and the Myth of Tech Utopia – The Atlantic

The AtlanticBitcoin and the Myth of Tech UtopiaThe AtlanticThe collapse of Mt. Gox, once the leading Bitcoin exchange, has been widely covered and documented already. It appears that only now have many people woken up and realized that Bitcoin rests en…

Now, Nations Mull the Ways to Regulate Bitcoin – New York Times

New York TimesNow, Nations Mull the Ways to Regulate BitcoinNew York TimesAuthorities around the world are grappling with how to regulate virtual currency in the wake of the implosion of Mt. Gox, a prominent trading platform for Bitcoin. In Tokyo, where Mt. Gox is based, Japan’s top government spokesman, Yoshihide Suga, said …

The company claims a loss of $473 million worth of the digital currency – TIME

The GuardianThe company claims a loss of $473 million worth of the digital currencyTIMEIn a news conference in Japan, a lawyer for the Tokyo-based Mt. Gox exchange said it had lost three-quarters of a million Bitcoin belonging to customers, along with 100,000 of its own. At current market prices for Bitcoin that’s an estimated loss […]

Mt. Gox files for bankruptcy, blames hackers for losses – Reuters

Mt. Gox files for bankruptcy, blames hackers for lossesReutersTOKYO (Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system …