Mt Gox Saga Nears End of the Road — Creditors Required to Register With Exchanges, Bitstamp Selected by Trustee

Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection and registration” section on the system platform by the deadline. […]

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Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is 'Currently Preparing to Make Repayments'On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin (BTC) from Mt […]

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Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on Complaint

Chilean Cryptocurrency Exchange Denies Fraud Allegations, Tribunal Set Rule on ComplaintChilean cryptocurrency exchange, Badu.com has denied allegations that it fraudulently transferred client funds without authorization. The fraud allegations are being reported by Itau bank and both parties are set to appear before the country’s Tribunal for the Defense of Free Competition (TDLC), which must rule on the case. The Itau Bank, which initially reported the […]

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Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End

Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-EndBrazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports, Brazilian firms that specialize in cryptocurrency custody services, brokerage services, and exchanges […]

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Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange Accounts

Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange AccountsDuring the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what […]

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ICOs and Exchange Sign-Ups Create Boom for Automated Compliance Industry

ICOs and Exchange Sign-Ups Create Boom for Automated Compliance IndustryMany of the major cryptocurrency exchanges have announced that a massive influx of new traders in late 2017 caused them to be overwhelmed, leading to degraded services or forcing them to close their doors to new clients. Much of the problem was the need to ensure compliance with complex KYC/AML regulations, which the companies struggled […]

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