Business / Tech Mar 4, 2016

Japan OKs recognizing virtual currencies as similar to real money

The Cabinet on Friday approved a set of bills to help banking groups expand their information technology businesses and to recognize virtual currencies as having a function similar to real money. Under the revised banking bills, bank-holding companies will be able to acquire IT-related ventures. ...

Mt. Gox ran out of money six months before going bust

National / Crime & Legal Aug 4, 2015

Mt. Gox ran out of money six months before going bust

Bitcoin exchange Mt. Gox Co. apparently ran out of money six months before it announced in February 2014 that it was filing for bankruptcy after tens of millions of dollars worth of the virtual currency and client funds disappeared, investigative sources said Tuesday. The Tokyo-based ...

Business / Corporate Nov 26, 2014

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward's bitcoin exchange, will assist Mt. Gox's Tokyo-court ...