Mt. Gox Posts Update Regarding Extension of Deadline For "Examination Results Report"
Now-defunct and disgraced bitcoin exchange Mt. Gox posted an update to their website on Friday with regard to the ongoing investigation that's taking place to find out just what's been going on. Here's the contents of the announcement: To anyone concerned. March 28, 2014. Mark Karpeles. Representative Director. MtGox Co., Ltd. 11-5, Shibuya 2-chome, Shibuya-ku, Tokyo. ANNOUNCEMENT REGARDING THE EXTENSION OF THE DEADLINE FOR SUBMISSION OF THE EXAMINATION RESULTS REPORT. In relation with the application for commencement of a civil rehabilitation proceeding made by MtGox Co., Ltd., the Tokyo....
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150,000 BTC from the now-defunct Bitcoin exchange Mt. Gox won’t likely hit the markets anytime soon. There is growing speculation that 150,000 Bitcoin (BTC) from the Mt. Gox trustee could move on Oct. 15. But many factors suggest that is highly unlikely given past records.Between 2011 and 2013, Mt. Gox lost 850,000 BTC in the biggest hacking attack in Bitcoin history. The trustee reportedly has 150,000 BTC to repay users who lost their funds from the breach.Yet, there are many hurdles to undergo before the refunds can be issued. The refund process has been continuously delayed since 2019,....
By the time Cameron and Tyler Winklevoss receive a final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF), a new president will be leading the US. Though an earlier 10th January deadline would have placed the decision by the SEC to approve or disapprove the Winklevoss brothers' request, paperwork filed today now extends the deadline to 11th March. While the extension isn't a surprise, one industry observer thinks the transition of power may have made it essential. Blockchain products lead at ARK Investment Management, Chris Burniske, said that SEC chair Mary....
Mt Gox document confirms bankruptcy ruling. A six-month extension has been added to the bankruptcy case against Mt. Gox. This extension gives creditors a six-month extension to register claims against the firm and will push the investigation into the exchange out by six-months. The previous deadline for filing claims was November 28th and investigation findings due the February 25th 2015. This extension allows creditors until May 29th of 2015 to file and investigation findings to be delivered on September 9th 2015. An email was sent to all users with Mt. Gox accounts reading: "On July 24,....
A new report from the chair of the Kimberley Process – an initiative aimed at keeping conflict diamonds out of the global precious stones market – indicates that the UN-backed scheme is moving forward with its blockchain work. The internal trials currently underway were first unveiled earlier this year as part of work ongoing in connection with Dubai's Global Blockchain Council – a public-private initiative aimed at encouraging technology innovation. While the report is light on fresh details – it promises an update several months from now – its publication highlights the continued....
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6 million on bitcoin holdings due to the fall of bitcoin prices in this period.
Marathon Digital Registers Impairment of $127.6 Million
Marathon Digital, one of the biggest public Bitcoin mining companies, has released its financial results from the Q2 2022 period. In the recent earnings call,....