Aug 12, 2014

U.S. agency warns consumers about bitcoin risks

Federal regulators are warning consumers about the risks of using virtual currencies such as bitcoin. The Consumer Financial Protection Bureau said Monday that it will begin fielding complaints from people who rely on products such as bitcoin and online exchanges for such currencies. In ...

Aug 2, 2014

U.S. seeks Japan's cooperation in Mt. Gox probe

U.S. judicial authorities have sought cooperation from Japanese law enforcement in an investigation into alleged fraud at failed bitcoin exchange operator Mt. Gox, sources revealed Saturday. The approach came last spring from federal prosecutors in New York who opened a probe into allegations about ...

Jun 18, 2014

Mt. Gox gets bankruptcy OK

Mt. Gox Co., once the world’s largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to the Japanese investigation into the disappearance of 650,000 units of the digital currency. U.S. Bankruptcy Judge Stacey G. Jernigan said Tuesday in Dallas she ...

Jun 17, 2014

Bitcoin faces biggest threat yet: a 'miner' takeover

The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based “mining pool” called GHash has amassed ...

Bitcoin traders settle suit over failed Mt. Gox

Apr 29, 2014

Bitcoin traders settle suit over failed Mt. Gox

U.S. and Canadian customers of failed Tokyo-based bitcoin exchange Mt. Gox have agreed to settle their proposed class-action lawsuits that alleged the company defrauded them of hundreds of millions of dollars. The class-action plaintiffs agreed to support a plan by Sunlot Holdings to buy ...

Nation's first bitcoin ATM fired up in Mie

Apr 27, 2014

Nation's first bitcoin ATM fired up in Mie

Japan’s first bitcoin ATM was unveiled at an event in Suzuka, Mie Prefecture, on Friday, allowing customers to buy the virtual currency or withdraw cash from their online bitcoin accounts. The ATM, which visitors were allowed to use, was manufactured by Las Vegas startup ...

Mt. Gox CEO Karpeles sought both control, escape

Apr 21, 2014

Mt. Gox CEO Karpeles sought both control, escape

by Sophie Knight

In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel “The Hitchhikers Guide to the Galaxy”. During an online ...

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Apr 8, 2014

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge. Karpeles and Tibanne KK, another of his ...