Posts in category

Mt.Gox


While Bitcoin may have revolutionized the way we look at transactions and banking, the brief nine-year existence of cryptocurrencies has been checkered with some monumental hackings and thefts. In a constantly evolving space, Blockchain technology is pushing the envelope while battling against attacks from all sides. Unfortunately, criminality is a reality, but there has been some …

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Bitcoin (BTC) has fallen back below $8,000, as the crypto markets continue to slump in the wake of a week of mixed crypto news, ranging from the FUD fallout caused by the upcoming Google crypto ad ban to several wins for Blockchain adoption seen in China and Canada. BTC is currently trading at around $7,729, …

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The trustee of Mt. Gox – a once major and now defunct Bitcoin exchange – who reportedly sold over $400 mln in Bitcoin (BTC) and Bitcoin Cash (BCH) around the new year – has stated that he does not believe the sales affected market prices of BTC or BCH, according to a report released today, …

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On March 7 a report addressed to the Tokyo District Court revealed that a Mt. Gox bankruptcy trustee – Nobuaki Kobayashi – may have contributed to the three month downtrend in the cryptocurrency market. Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe …

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Bitcoin (BTC) has gained $1200 in 24 hours March 12 as markets shake off the weekend’s slump below $8500. Data from major exchanges including Bitstamp, Coinbase and Bitfinex put BTC/USD at around four-day highs of $9810. The uptick, which amounts to a price increase of 15.5% since Saturday, continues Bitcoin’s pattern of behavior traders have …

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After the February’s crypto market slump that brought Bitcoin (BTC) below $7000, the number of Google searches for “Bitcoin” has dropped to the lowest levels since October of last year. Google Trends shows that searches for “Bitcoin” were the most popular between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first …

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The cryptocurrency markets are showing slight positive growth today March 10, with Bitcoin (BTC) rising back up above $9,000 and almost all of the top 100 coins, except one, listed on CoinMarketCap in the green as of press time. BTC had reached over $11,500 during its intra-week high on March 5, before dropping below $9000 …

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Mt. Gox holds its infamous part of Bitcoin’s history as the once biggest cryptocurrency exchange that went under in a cloud of confusion and anger. February 2014, just over four years ago now, was a worrisome month as the exchange slowly started to capitulate ending in the company filing for bankruptcy. Mt. Gox stated that …

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Bitcoin prices fell as low as $6000 in 2018 due to a Mt.Gox trustee “panicking” and selling $400 mln worth of bitcoins (BTC), reports suggest this week. As multiple news outlets reported from March 7, Nobuaki Kobayashi has sold over 35,000 BTC and 34,000 BCH (Bitcoin Cash) in order to pay the defunct exchange’s creditors. …

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Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu …

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Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really have a major use for it. …

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Japanese cryptocurrency exchange Coincheck has announced Saturday, Jan. 27, that it will issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM hack. The Coincheck exchange has been hacked yesterday, Jan. 26, resulting in a massive loss of 523 mln NEM coins, worth approximately $534 mln at that …

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A recent paper on Bitcoin (BTC) price manipulation has shown that just one actor was likely responsible for driving the price of Bitcoin from $150 to $1000 in 2013. The paper, co-authored by Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman, examines the suspicious trading activity that took place on the now-defunct Mt. Gox …

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One of the biggest drawcards for the cryptocurrency market as an investment opportunity has been its openness and lack of prejudice. Anyone with access to the Internet can buy a crypto asset, and in most cases, see it grow exponentially. It is investing like never before seen, breaking with a number of traditional norms, but …

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Cryptocurrencies have captured international attention this year. Although trading currency is nothing new, it certainly feels like an ancient concept being renewed by novel technology. The rapid price increase of almost all digital tokens, which is most noticeable in Bitcoin’s 1,600 percent improvement this year, and their surprising integration into mainstream investment markets through futures …

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Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds. Almost immediately after the hacking attack, Youbit’s parent company Yapian filed for bankruptcy. In an official statement, the Youbit team told its users that 75 percent of their holdings on …

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It’s in the name: cryptocurrency is mainly about privacy of data, and decentralized money systems raise a lot of issues about keeping transactions safe and private. High profile incidents such as Mt. Gox’s collapse and authorities tracking/seizing crypto savings of private individuals have highlighted this. While these negatives about digital currency are often the things …

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From 2011 to 2013, the now-defunct cryptocurrency exchange Mt. Gox, had lost 850,000 Bitcoins it had stored on behalf of its clients and traders. At today’s Bitcoin price, the stolen Bitcoins amount to a staggering $8.25 bln. In 2014, the Japanese government formed a task force and a trustee to extensively investigate into the case …

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Tether has been questioned a great deal in the past year, and some believe that it’s all make believe. Audits desperately needed. Source link

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When would an average investor completely exit Bitcoin? A new survey among Americans indicates a price of $196K. Survey methodology LendEdu commissioned a survey in November 2017 of 564 Americans who had invested in Bitcoin. While surveys have been done in the past to gauge the awareness of the general public about Bitcoin, this survey …

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