Mt Gox Collapse Investigation - December 2014 Update
In some ways, Bitcoin still hasn't recovered from the fall of Mt Gox. The U. S. Dollar price of Bitcoin has never come close to the heights set at this time last year, just before the collapse. Mainstream media has latched onto this as the most important Bitcoin development in 2014. This misses the point of Bitcoin and the Blockchain entirely (see my article on the Bitcoin vs U. S. Dollar value for more information), as it is not here to replace the U. S. Dollar or compete with its status at this time. Many things have strengthened Bitcoin this year as well. While Bitcoin's Dollar value....
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Kraken has announced some of the major changes in the Cryptocurrency industry, including an update on Mt Gox investigation, Namecoin, and support for DAO. It is good news for the victims of Mt Gox collapse as they might be seeing their long-lost bitcoins once again. Kraken, one of the leading bitcoin exchanges has recently announced that it will be distributing bitcoin to many of those who had lost their digital currency holdings during the Mt Gox collapse. The company had announced the news few days ago in a press release. While the platform has not specified any dates for the....
Mt Gox's missing bitcoins were stolen from the exchange over a period of time beginning in 2011, according to a new report released today by a group investigating its collapse. They were gone long before the company's collapse in February 2014, the report said. Gox had therefore been operating on a fractional reserve basis for most of that time, either knowingly or unknowingly. The stolen bitcoins had been withdrawn and sold off on various exchanges including Mt Gox itself, and given the timing probably at prices far below the 2013-14 highs. Tokyo-based bitcoin security firm WizSec, which....
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins.
South Korea’s Emergency Investigation Into LUNA, UST
South Korea has launched an “emergency” investigation of domestic crypto exchange operators following the collapse of the terrausd stablecoin (UST) and terra (LUNA) cryptocurrency, Yonhap News reported Tuesday, citing....
Bitcoin exchange Kraken and the Tokyo District Court-assigned Trustee assigned to the MtGox creditors’ claims investigation have revealed that there is “significant progress” being made, in an update today. In an email communicated to CCN today, an update from Kraken and Tokyo District Court-assigned Trustee Nobuaki Kobayashi confirms that “significant progress” has been made into the investigation into claims from creditors of MtGox. Trustee Kobayashi stated: Although the investigation into MtGox claims is still ongoing, we have made significant progress for creditors. The Court-appointed....
In the light of CoinyeWest, another major influencer has a virtual currency named after him. This time the tribute is to Ron Paul. RonPaulCoin launched on December 29th and already boasts some serious fanfare. This is from Bitcoin Forum from the founder of the coin, "colinistheman". Jan 6, 2014 NEWS UPDATE: New pools still being added. Keep em' coming. Jan 5, 2014 NEWS UPDATE: I'm back after a 1 day vacation. It seems quite a lot can happen in a day. Catching up on everything. I'm aware of the current difficulty and difficulty adjustment. I will post an official statement on what direction....