The bankrupt Mt. Gox Bitcoin exchange took another step toward oblivion today (Wednesday) when the Tokyo District Court dismissed its application for civil rehabilitation and steered it on a path to liquidation.
With the deadline for the Chinese Bitcoin exchanges to be cut off from their bank accounts upon us as of today (Tuesday), the Bitcoin price is rising.
The Bitcoin market ended the week as it began – trying to sort out how far the Chinese central bank will go in its crackdown on the Chinese exchanges, and how that might affect Bitcoin prices everywhere else in the world.
Mainstream Chinese news outlet Caixin Online was the first to report last week that the People’s Bank of China (PBOC) was planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.
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Several surprising developments this week deepened the mystery of where the Mt. Gox bitcoins are.
Much of the Mt. Gox-related Bitcoin news this week has contradicted official statements from the bankrupt exchange and Mt. Gox Chief Executive Officer Mark Karpeles about how the bitcoins were stolen.
One of the main obstacles holding back mass adoption of Bitcoin is that it’s not all that easy for the average person to buy it.
Bitcoin news today: The Internal Revenue Service (IRS) has finally released its guidance on how Bitcoin should be treated for tax purposes – and it’s bound to make the digital currency harder to use.