Mt. Gox Bankruptcy for 22 Billion Dollars?

Mt. Gox Bankruptcy for 22 Billion Dollars?

The 4th creditors meeting in Tokyo for the Mt. Gox bankruptcy case wrapped up today with a staggering report of claims. 2,663,398,225,570 JPY which is roughly worth 22 billion dollars was claimed in the report by creditors. The report came from the Tokyo District Court, Collegiate Section of the 20th Civil Division. Breakdowns of the numbers in Bitcoins and cash were not disclosed, the trustee is reviewing the content to determine the claim validity. It was a dismal day in Tokyo and the weather wasn’t the greatest. The creditors meeting was small and roughly had about thirty guests, and....


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Quotes

The traditional financial services industry is basically stagnant, using 1950’s technology for most things. No innovation, no competition, it’s stagnant! Even things like Apple Pay are running on top of the same failed credit-card based, identity-laden, easy-to-steal, easy-to-compromise technology. There’s no innovation there. Bitcoin is the invention of radio, and Apple Pay is taking smoke signals and adding colored smoke signals!

Andreas Antonopoulos, Security expert, tech-entrepreneur and the author of “Mastering Bitcoin: Unl