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.
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.
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.
The latest Bitcoin news for the week of March 2-7.
…most of the Bitcoin community has moved on from Mt. Gox, but the severity of the collapse ensures it will never be forgotten.
With the Mt. Gox Bitcoin exchange offline… a primary concern of customers who had accounts there is getting back lost bitcoins – can they be retrieved?