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 ...

Jul 16, 2014

Chinese bitcoin firm joins Atlas ATS in bid for Mt. Gox assets

BitOcean, a Chinese bitcoin startup, joined with New York-based exchange platform Atlas ATS Inc. to bid for the assets of Mt. Gox, the exchange platform that filed for bankruptcy in Japan earlier this year. BitOcean and Atlas will invest $1 million worth of bitcoins ...

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 ...

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 ...

IRS says bitcoin will be taxed like property

Mar 26, 2014

IRS says bitcoin will be taxed like property

Virtual currencies like bitcoin will be taxed in the United States like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can’t use it to pay your taxes. However, if you receive wages in ...