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.
When the Internal Revenue Service (IRS) issued its guidance on digital currency a few weeks ago, it seemed that Bitcoin investing had gotten some very good news.
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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Bitcoin prices plunged this week on reports that the People’s Bank of China (PBOC) was planning to block banks from providing accounts to Bitcoin-based businesses.
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.
The post Where Are the Mt. Gox Bitcoins? appeared first on Money Morning – Only the News You Can Profit From.
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.
Latest Bitcoin news: SecondMarket, which already operates a Bitcoin hedge fund for wealthy investors, this week said it plans to expand the reach of that fund to retail investors.
In a development that can only deepen suspicion about what really caused the demise of Mt. Gox, the bankrupt Bitcoin exchange made a surprise announcement late Thursday that it had found 200,000 bitcoins in an “old-format wallet.”
This week saw more developments in the Mt. Gox bankruptcy, while major banks and regulators continue to struggle to understand the digital currency.
