Mt.Gox starts accepting filings by creditors of proofs of rehabilitation claims
On August 23, Mr. Nobuaki Kobayashi, the Rehabilitation Trustee of cryptocurrency exchange Mt.Gox, announced that Mt.Gox will start accepting filings by creditors of proofs of rehabilitation claims. The deadline is October 22 and creditors can file proofs of rehabilitation claims…
Open Intelligence Alert: Trust is Not Just an Algorithm
According to the source, the Mt Gox debacle was not just a software glitch, but was the result of a systemic error. The article explains how the “Five Parties Model” (consisting of the Issuer, the Trustee, the Manager, the Operator and the…
If Gox lost 750,000 Bitcoins, Where’d They Go?
I’m going to say it. Something doesn’t seem right with the story we’re getting. Who the hell runs a half-billion dollar business and doesn’t have accounting procedures in place good enough to notice the loss of nearly ALL ASSETS. According…
The Wild West of Bitcoin According to Joseph Cafariello
Jeffrey Cafariello sure can spin a gripping yarn. In a recent piece for Wealth Daily, he paints a picture of the Wild West of Bitcoin. In his vision, every Bitcoin trader is a steely-eyed gunslinger facing off with hackers. At…
What’s Down at Mt. Gox: Clearing the Way for Bitcoin Growth
For a significant part of the last three years, Mt. Gox was the Bitcoin exchange. In the spring of 2013, they advertised themselves as hosting more than 80% of Bitcoin exchange transactions. They set the standard for other exchanges, and…