Guess what Mark Karpeles found? $116M worth of Bitcoins!

Mt. Gox, the Bitcoin exchange that famously went bust last month after reportedly losing 850,000 bitcoins worth $450 million to theft, has some good news that anyone who has lost change in a couch cushion can relate to. Earlier this month, Mt. Gox CEO Mark Karpeles says he stumbled upon an old bitcoin wallet from 2011 containing 199,999.99 bitcoins worth...

Malware emails targeting Mt. Gox victims

Malware emails targeting Mt. Gox victims

Mar 3, 2014

If it wasn’t bad enough that people who had their Bitcoins in the Mt. Gox exchange have lost access to them, malware spammers are now apparently targeting them. According to CoinReport.net, a spam e-mail is being distributed to a mailing list of people likely to have had coins in Mt. Gox. It instructs them to open an e-mail and watch a video for...

Mt. Gox creates call center to respond to inquiries

Mt. Gox creates call center to respond to inquiries

Mar 2, 2014

Troubled exchange Mt. Gox, which filed for bankruptcy protection last week, has posted a new update on their website regarding the commencement of civil rehabilitation proceedings. Civil rehabilitation proceedings is similar in Japanese law to the bankruptcy process in U.S. law. There is a sequence of events that must take place for the case to proceed, and...

Don’t Get Goxed – Use The Five Parties Model

Don’t Get Goxed – Use The Five Parties Model

Mar 1, 2014

Corporate governance and accountability is at the heart of many financial scandals.  As more details are uncovered about the demise of Mt Gox, we are going to learn the lack of governance and little transparency allowed them to hide and operate using a fractional reserve model because they had been looted years ago.  The following article proposes a governance...

Penny Stocks Author Warns About Bitcoin

Penny Stocks Author Warns About Bitcoin

Feb 28, 2014

Leeds is yet another misinformed “expert” spouting off why Bitcoin is doomed. His babbling shows his limited knowledge of the subject matter.  It befuddles me on how so many financial exports are so off base with their opinions on Bitcoin.  Perhaps he has a counter agenda?  Penny stocks, maybe?  Good grief what a racket the pennies are!  I always...

Fascinating Unilateral Statement Regarding Mt. Gox from an Insider

Fascinating Unilateral Statement Regarding Mt. Gox from an Insider

Feb 27, 2014

Jim Powell, founder of Kraken, a cryptography trading platform, shares his thoughts and feelings on the demise of Mt.Gox. His thoughts line up with mine in what I’ve been saying for weeks now that I felt there was going to be a run on Mt. Gox.  As soon as the Mt. Gox market price started trading lower than the other exchanges, I felt they were in for some...