financial

Mt. Gox files for bankruptcy, has $63.6 million in debt

Mt. Gox files for bankruptcy, has $63.6 million in debt

Bitcoin has been the most popular of the virtual currencies for a while now with a single coin worth hundreds and hundreds of dollars in the US. Things started to go wrong for one of the largest bitcoin exchanges over the last few months. Earlier this month the exchange stopped bitcoin withdrawals blaming a technical issue that made it possible for nefarious users to introduce fraud into the system.

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Facebook to acquire WhatsApp

Facebook to acquire WhatsApp

According to a regulatory filing that has just surfaced over at the SEC's website and an official statement from the social network, Facebook is acquiring the popular messaging service WhatsApp for $4 billion in cash, $12 billion in shares, as well as $3 billion in restricted stock units that will go to WhatsApp's founders and employees.

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