Mt. Gox Officially Files for Liquidation
Mt. Gox today filed for liquidation in a Tokyo court, abandoning its plans for civil rehabilitation and giving its creditors even less hope of recouping their losses, according to a Wall Street Journal report. The filing is one step further than the bankruptcy protection the failed bitcoin exchange had applied for on 28th February. The difficulty of the procedure was cited as a reason, together with dwindling hopes of a resurrection. The filing document, posted on Mt. Gox's website, said: "During the following 1 month and a half, an investigation has proceeded with regard to the past....
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PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms. The anti-liquidation protocol aids the stability of the bitcoin market by preventing it from being overextended. The expansion of the loan market and the extensive usage of trading instruments, including the use of leverage, has resulted in the imposition of massive amounts of collateral on banks and other financial institutions. In the event of a dramatic market decline, mass liquidations will rise and harm the market unless a method is developed and....
The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best interests at heart.” The Argument Against Liquidation As explained in a Mybroadband report, Marks, who recently battled a team of MTI liquidators in a South African court, argues that the liquidation notification....
Over the years, Soundcloud has grown immensely in popularity. One Redditor has created an alternative solution to SoundCloud called sfx.io. Though it is still in beta, sfx.io has integrated several features including the recent addition of Bitcoin tipping via Bitcoin Tip Jar. Tip Jar allows users to tip one another for sound files on the platform. Also read: 10 New Bitcoin Job Openings Across The Industry! Integrating Bitcoin micro-payments. Sfx.io seeks to simplify the process of sharing sounds with others. The platform allows anyone to upload mp3, .m4a (aac), and .wav files. Registered....
A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as [an] intangible asset that constitute[s] property.”
Claims for Reimbursement Must Be Submitted in Local Currency
A South African High Court judge recently granted an order outlining the criteria that liquidators of Mirror Trading International (MTI) — the collapsed....