22 Nov

Mt Gox to be revived via an Initial Coin Offering?

By Daniel Zo MtGox, Karpeles, ICO Read Comments

Mt Gox, the now-defunct bitcoin exchange, has been out of the media headlines for a few years now, given the fact that it entered bankruptcy following the disappearance of hundreds of millions of dollars-wroth of bitcoin.

However, recent reports now indicate that the Mark Karpeles, the CEO of the digital currency exchange is considering the idea of launching an Initial Coin Offering, in order to revive the exchange. As controversial as this may sound, Mark Karpeles wrote a blog post detailing the possible implications of an Mt Gox ICO.

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26 May

Kraken Will Help Settle The Verified Mt. Gox Bitcoin Claims

By Daniel Zo Bitcoin, Mt. Gox, Kraken, Karpeles, Japan Read Comments

The crash of the Japanese Bitcoin exchange, Mt Gox, was probably one of the worst events to happen in bitcoin history to date. In fact, right afterwards, the digital currency proved its incredibly volatile nature by dropping in value significantly.

Well, the people affected by the hack may have something to look forward to in the next couple of days, considering the fact that some of the investors will be receiving a part of their bitcoin investment back. With this in mind, an announcement made by the Kraken Bitcoin Exchange showcases that the verification process being carried out for over 25,750 claims has been completed.

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02 Aug

All about Karpeles’ arrest in Japan this weekend

By Daniel Zo Bitcoin, Mt. Gox, Japan, Karpeles Read Comments

Mark Karpeles, the CEO of Mt. Gox, the bankrupt Bitcoin exchange which totalled the cryptocurrency’s reputation back in 2014 was just arrested by Japanese law enforcement in Tokyo, Japan. The arrest comes after hundreds of man-hours spent in order to investigate whether he is guilty for all the accusations that have been brought upon him.

If you’re not yet aware, Mt. Gox was the world’s biggest exchange, handing more than 70% of the world’s Bitcoin transactions. It operated for a couple of years until 2013-2014, when Karpeles came under investigation for fraud-related activities. Soon after, the exchange filed for bankruptcy, and investors quickly began taking their money back, but as the liquidation process begun, the exchange announced that over 850,000 Bitcoins had been either stolen or lost. At that moment, this was worth over $800 million.

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