Much has been made of a new attempt to launch the failed Mt. Gox exchange. What’s true? CoinDesk’s Nik De examines the details.
Ever since the security breach of Coincheck in January 2018, formerly the largest crypto exchange in Japan, local authorities have imposed a stricter process in granting licenses to trading platforms that support Bitcoin and other cryptocurrencies. Recently CCN reported that Brock Pierce, the co-founder of Blockchain Capital, disclosed his plans to revive Mt. Gox, an exchange which lost billions of dollars in user funds stored in Bitcoin in 2014. By distributing $1.2 billion currently held by Mt. Gox and reinstating the company’s operations, Pierce wants to reimburse every creditor of Mt. Gox through a process called Rising Civil Rehabilitation. But,
The post Why Japan Might Quash Brock Pierce’s Plans to Re-Launch Notorious Bitcoin Exchange Mt. Gox appeared first on CCN
Brock Pierce has launched his own bid for the civil rehabilitation of Mt. Gox, promising to pay out all current funds to creditors while also talking about issuing debt tokens or giving away equity in a resurrected Mt. Gox exchange. As noble as this may sound on the surface, there are strong reasons to question […]
The post Mt. Gox Creditors Neither Need nor Deserve This Kind of ‘Hero’ appeared first on Bitcoin News.
Prominent cryptocurrency entrepreneur Brock Pierce is attempting to revive the defunct Mt. Gox exchange by submitting a single rehabilitation plan for creditors called Gox Rising. Back in 2014, the former CEO of Mt. Gox, Mark Karpeles, reportedly signed over all of the business’s assets to Pierce and a firm called Sunlot Holdings Limited. Also read: Indian Supreme […]
The post Crypto Investor Brock Pierce Is Attempting to Pull Mt. Gox From the Ashes appeared first on Bitcoin News.
Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure that victims of “our version of Lehman Brothers” are paid
The post Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox – Crypto’s Most Notorious Exchange appeared first on CCN
Theories have flown around regarding what catalyzed the crypto sell-off seen in 2018. While proposed triggers include stringent regulation, the lack of publicly-tradable Bitcoin (BTC) exchange-traded funds brought to market, or a simple case of waning interest from the common Joes & Jills of the world, a new hypothesis has just hit the mainstream. Related…
The post Bitcoin Rich Mt. Gox Trustee May Have Crashed Crypto In Early-2018 appeared first on NewsBTC.
On Tuesday, Feb. 5, the infamous Goxdox blog returned to inform the public of more detailed Mt. Gox information that “no one wants you to know about.” According to Goxdox, the Mt. Gox trustee Nobuaki Kobayashi’s bank book shows that he previously sold large sums of BTC and BCH using the exchange Bitpoint. The cryptocurrencies […]
The post Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices appeared first on Bitcoin News.
Leaked bank documents suggest that $312.5 million in crypto from defunct bitcoin exchange Mt. Gox was sold via the BitPoint exchange.
Decentralization is a core principle of blockchain-based technology. It’s the most important and unique property of the many cryptocurrencies that have launched since the birth of Bitcoin. Decentralization facilitates a move away from centralized control and differentiates crypto from government-backed fiat currencies. It is the crucible of security and privacy. So why, if this concept is […]
The post The Crucible of Privacy: Why Decentralized Exchange Is the Only Way appeared first on Bitcoin News.
On Jan. 31, Mt. Gox victims were enraged to hear that the founder of Coinlab, Peter Vessenes, is still causing problems for the former exchange’s rehabilitation process. According to information published by public attorney Daniel Kelman, Coinlab filed a claim for ¥1.7 trillion yen (US$16 billion) which is over and above every claimant’s filing. Also […]
The post Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim appeared first on Bitcoin News.