Tokyo-based Bitcoin exchange Mt. Gox lost $400 million worth of bitcoins in February. Its management said the amount was stolen after hackers exploited a transaction bug to divert the funds, but some of Mt. Goxs users are not so sure, suggesting instead that the exchanges owners pocketed the cash. Forbes reports that the group gained access to […]
By Kevin Krolicki and Nathan Layne TOKYO (Reuters) – Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as the price of revolutionizing global finance. “In the early days of the automobile, there were traffic accidents because you didn’t […]
By Noriyuki Hirata TOKYO (Reuters) – Japans government plans to clarify how bitcoin transactions should be handled under existing laws, sources familiar with the situation said on Wednesday, following the collapse of Tokyo-based Mt. Gox, once the worlds biggest exchange of the virtual currency. A decision will be made on the matter at a Friday […]
Latest Comments