Failed Bitcoin Exchange Mtgox To Start Liquidation Process

Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency’s reputation, is to be liquidated after a Japanese court on Thursday ordered the start of bankruptcy proceedings, said a lawyer appointed to carry out the process. The global virtual currency community was shaken by the shuttering of MtGox, which froze withdrawals in early February because of what the firm said was a bug in the software underpinning Bitcoin that allowed hackers to pilfer them. The exchange filed for bankruptcy protection soon after, admitting it had lost 850,000 coins which were worth nearly $500 million at the time.

BING NEWS:
  • AI tool takes Bitcoin payments to access ChatGPT-4 and Claude Opus
    In particular, we explored PayPerQ, or PPQ.AI, created by Matt Ahlborg, who answered a few questions about his endeavor. Essentially, the tool takes Bitcoin ( BTC) payments through the Lightning ...
    04/24/2024 - 7:34 am | View Link
  • Mt. Gox’s $9 Billion Bitcoin Repayment May “Spook” Markets, Pressure Bitcoin, K33 Says
    Over $9 billion in Bitcoin from the Mt. Gox era could return to the crypto space in the next few weeks to “spook the market” and exert selling pressure on Bitcoin, K33 Research said.
    04/23/2024 - 11:36 pm | View Link
  • Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns
    Mt. Gox creditors recently noted updates on their crypto claims, which may mean payouts may be coming soon.The distribution of over $9 billion ...
    04/23/2024 - 5:47 am | View Link
  • This strategist says ETFs are bad for Bitcoin: ‘I’m very worried’
    Jim Bianco criticised ETFs for driving higher correlations between traditional assets and crypto, and for deviating from Bitcoin’s original value proposition.
    04/23/2024 - 12:23 am | View Link
  • Mt. Gox sends yen, bitcoin, and bitcoin cash to creditors
    Creditors of the defunct bitcoin exchange Mt. Gox have reported updates to their claim accounts, indicating specific amounts and dates.
    04/22/2024 - 11:17 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News