'Emergency Hearing' Could Lead to New Discoveries in Mt. Gox Case
Mark Karpeles, CEO of bankrupt Japan-based bitcoin exchange Mt. Gox, has filed an emergency motion stating that he needs more time before choosing whether to appear for formal questioning in the US. The development finds Karpeles attempting to push back this decision until 5th May so that his legal team can "get up to speed" on a recent subpoena issued by the US Treasury department. While a seemingly small filing, the Mt. Gox case could change dramatically depending on whether Karpeles agrees to be deposed in the US. That's because US Bankruptcy Judge Stacey Jernigan ordered Karpeles to....
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Article has been updated with the correct title for Mt. Gox CEO Mark Karpeles. The next hearing in the ongoing Chapter 15 US bankruptcy case involving troubled Japan-based bitcoin exchange Mt. Gox is set to take place in a Dallas, Texas, courtroom today (1st April). Although the hearing follows the release of more sensational news - such as a new Reuters report that suggests Mt. Gox may have mishandled client funds as far back as early 2012, Tuesday's court case will deal with more routine aspects of the proceedings. At the hearing, Mt. Gox will reportedly seek to extend its US bankruptcy....
The Internal Revenue Service is seeking to delay an upcoming hearing in its ongoing court dispute with digital currency exchange Coinbase, new court filings show. According to a stipulation and proposed order filed today in the US District Court for the Northern District of California, attorneys for the IRS have asked to delay a 16th February hearing on petitions by both Coinbase and one of its customers, each of whom have sought to formally intervene. The IRS had previously filed motions seeking to stop both sides from entering the case. Now, the US tax agency wants to push that hearing....
Android will soon automatically send user location data to emergency response services. According to a blog post for Google Europe, users dialing emergency service numbers will be automatically located by using location services and WiFi, with that data transmitted to emergency responders. It is stated in the blog post: “Accurate emergency location can be the difference between life and death. In fact, the US Federal Communications Commission estimates “an improved location accuracy which results in reducing wireless E911 response time by one minute can result in saving over 10,000 lives....
This month the U.S. Internal Revenue Service (IRS) recently sought out a continuation of its court hearing with Coinbase. The initial hearing was scheduled to be held on February 16, but the tax agency now wants to postpone the hearing until March 23. The case will also begin with a motion from a former Coinbase customer concerning the tax agency’s....