Mt. Gox chief returns as an exec at a VPN giant

Posted on 23/04/2018 by Engadget RSS Feed

Former Mt. Gox CEO Mark Karpeles may still be on trial for embezzlement in Japan, but that isn't stopping him from playing an influential role in the cryptocurrency world. As part of an interview with Fortune, the one-time bitcoin exchange leader ha...

Coincheck loses $400 million in massive cryptocurrency heist

Posted on 28/01/2018 by Engadget RSS Feed

Tokyo-based cryptocurrency exchange Coincheck just made history, and not in a good way. It has lost around $534 million worth of NEM tokens, one of the lesser-known cryptocurrencies, after its network was hacked on January 25th, 12:57pm EST. The atta...

Arrested Bitcoin exchange leader might be linked to Mt. Gox theft

Posted on 27/07/2017 by Engadget RSS Feed

Greek authorities arrested a leading member of the BTC-e Bitcoin exchange on suspicion of money laundering, though the ultimate charges haven't been disclosed. That's because the person in question -- a Russian citizen named Alexander Vinnik -- was d...

Mt. Gox chief claims innocence ahead of Bitcoin trial

Posted on 13/07/2017 by Engadget RSS Feed

At one point, the Mt. Gox exchange facilitated 80 percent of the world's Bitcoin transactions. That was, at least, until 2014 when someone absconded with hundreds of millions of dollars worth of the digital currency -- as well as an additional $28 mi...

Japan considers treating Bitcoin like real money

Posted on 25/02/2016 by Daniel Cooper

Japan's financial services regulator is considering recognizing Bitcoin and other virtual currencies as equal to their real-world counterparts. The news comes via Nikkei's Asian Review, which claims that authorities want to improve customer protectio...

Mt.Gox Bitcoin exchange freezes US dollar withdrawals for two weeks

Posted on 21/06/2013 by Jon Fingas

It's easy to see that the Bitcoin market is under stress when there's rising overall activity and tighter oversight. However, it's now so hectic that the Mt. Gox exchange has trouble fulfilling even basic transactions -- and the institution is freezing US dollar withdrawals for two weeks to keep things in check. Mt. Gox's team will use the downtime to upgrade its trading system and (hopefully) address the heavy workload. Deposits and transfers in American currency should still be good to go. Let's just hope that Mt. Gox manages smoother transitions in the future -- after all, not everyone can afford to leave their money in limbo during a tech refresh.

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Via: Ars Technica

Source: Mt. Gox

Mt. Gox now requires verification for non-Bitcoin transactions

Posted on 31/05/2013 by Jon Fingas

While the Bitcoin market is advancing toward legitimacy in the financial world, that also means closer legal scrutiny -- and the Mt. Gox exchange is tightening its policies to match. As of today, the institution requires verification for every non-Bitcoin deposit or withdrawal. The move keeps Mt. Gox in line with "strict anti-money laundering rules," and it reduces the chances that security breaches will spark chaos. Verification won't be necessary for pure Bitcoin transactions, the exchange says. Some traders see the new rule spoiling dreams of a truly borderless currency, but it may help reassure those still skittish about virtual cash.