bitcoin

Mt. Gox finds 200,000 bitcoins in forgotten wallet

Mt. Gox finds 200,000 bitcoins in forgotten wallet

You might think a bitcoin exchange that was doing as much business at Mt. Gox was at one time would have a system in place that would allow it to keep track of where exactly all the bitcoin it was holding for customers was. That would be an incorrect assumption though after the firm admitted to having lost about 850,000 bitcoins during its operations.

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Dorian Satoshi Nakamoto says Newsweek’s false report has harmed his prospect for employment

Dorian Satoshi Nakamoto says Newsweek’s false report has harmed his prospect for employment

Bitcoin is one of the most popular virtual currencies out there and the world surrounding bitcoin has been very turbulent over the last few months. One of the most popular bitcoin services called Mt. Gox filed bankruptcy taking with it the virtual coins of many users. The biggest news in the Bitcoin realm came from Newsweek when it ran a story claiming that Dorian Satoshi Nakamoto was the creator of the virtual currency.

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Mt. Gox, Mizuho Bank and Mark Karpeles deeper in Bitcoin legal soup

Mt. Gox, Mizuho Bank and Mark Karpeles deeper in Bitcoin legal soup

The story spinning around Mt Gox, Mark Karpeles and Jed McCaleb and their alleged Bitcoin fraud has enough spice in it to be called Daytime Soap. Each day brings in new twists and turns to the plot and has all of us hanging on the edge of our seats. The latest development in the story is that folks in Canada and the U.S. have filed a class-action suit for fraud that kind of negates Mt Gox’s bankruptcy blanket for the moment.

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Mt. Gox files for US bankruptcy amid new hacker claims

Mt. Gox files for US bankruptcy amid new hacker claims

Hacked bitcoin exchange Mt. Gox has filed for Chapter 15 bankruptcy protection in the US, having already filed in Japan last month, and seen its CEO's blog vandalized with claims of exactly how much of investors' virtual cash was lost. The bankruptcy filing, on Sunday, March 9th, follows revelations by Mt. Gox that hackers broke into its digital vaults and drained them, leaving the Japanese company $63.6m in debt.

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Bitcoin creator unmasked in controversial report

Bitcoin creator unmasked in controversial report

The creator of Bitcoin has allegedly been found, with a controversial investigative report hunting down the man believed to be Satoshi Nakamoto at his home in California. Nakamoto, the elusive creator of the virtual currency that has made headlines, frustrated investors, prompted government investigations, and threatened to revolutionize the finance markets, has historically tried to distance himself from his work, but has been tracked down with the help of model trains.

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Bitcoin hacks take over $650k as two exchanges admit break-ins

Bitcoin hacks take over $650k as two exchanges admit break-ins

Bitcoin hackers have claimed two more victims, with exchange Flexcoin announcing its virtual vault has been drained and that it will be ceasing operations immediately, while Poloneix confessed a security lapse of its own. "On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet" the company announced. "The attacker made off with 896 BTC," Flexcoin says, which works out to around $600,000 at today's rate.

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