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Technically speaking, it’s impossible to destroy bitcoins. But it is possible to send coins to an unspendable address, rendering them redundant to all intents and purposes. In October 2011, that’s exactly what Mark Karpeles did when he consigned 2,609 BTC to eternal oblivion due to a scripting error. Also read: Bitcoin History Part 16: The … Read more
A Russian law firm proposes legal action in Russia that it claims will return 200,000 BTC from Mt. Gox bankruptcy fiasco Go to Source Powered by WPeMatico
Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and … Read more
No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had … Read more
The request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, to dismiss the U.S. class-action lawsuit against him was dismissed Go to Source Powered by WPeMatico
Fortress Investment Group is reportedly buying Mt. Gox creditors’ bitcoin claims at $900 each Go to Source Powered by WPeMatico
Jed McCaleb’s misrepresentation of Mt. Gox played a part in keeping users on the platform until bankruptcy Go to Source Powered by WPeMatico
On Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when … Read more
Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange Go to Source Powered by WPeMatico
“I believe it’s going to be years until everything Mt. Gox clears out of the courts.” Mark Karpeles talks with Cointelegraph. Go to Source Powered by WPeMatico
