Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab

Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by CoinlabOn January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held by Kobayashi and the […]

Go to Source

Powered by WPeMatico

Japanese Court Upheld Former Mt Gox CEO’s Conviction for Manipulating Data

Japanese Court Upheld Former Mt Gox CEO's Conviction for Manipulating DataA Japanese high court upheld the Tokyo-based lower court’s decision to reject the former Mt Gox CEO’s appeal. Mark Karpeles was arrested in 2015 and accused of “manipulating electronic data” and managed to duck embezzlement charges. The former boss of Mt Gox, Mark Karpeles, now has to face the music for his prior “manipulating electronic […]

The post Japanese Court Upheld Former Mt Gox CEO’s Conviction for Manipulating Data appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Novogratz: We Have Money-Printing Orgy Going on, Amazing Environment to Buy Bitcoin

Novogratz: We Have a Money-Printing Orgy Going on, Amazing Environment to Buy BitcoinGalaxy Digital chairman Michael Novogratz said that bitcoin is his pick under the current financial situation, describing it as an “amazing environment” to buy bitcoin. With “global money printing orgy,” a possible another trillion-dollar stimulus package, and “money growing on trees,” Novogratz said this is the year for bitcoin. Also read: IMF Declares Global Recession, […]

The post Novogratz: We Have Money-Printing Orgy Going on, Amazing Environment to Buy Bitcoin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin

Fortress Renews Offer to Buy Mt Gox ClaimsAccording to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork […]

The post Fortress Renews Offer to Buy Mt Gox Claims for $778 per Coin appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico