Karpeles apologizes on Japanese TV

Karpeles appears before Japanese TV news cameras in Tokyo, bowing deeply for several minutes. Mt. Gox Files for Bankruptcy, Blames Hackers for LossesWatch this video on YouTube

Files for bankruptcy, “discrepancies” of ¥2.7bn ($27m)

Mt. Gox officially files for bankruptcy protection with outstanding debts of ¥6.5bn ($63.6m), against assets of ¥3.8bn ($37.4m).  A notice posted on their website admits that “although the complete extent is not yet known”, 750,000 of its customers’ bitcoins and 100,000 of the company’s own have “disappeared” due to “illegal access through the abuse of a bug in the […]

U.S. citizen files class action lawsuit

Gregory Greene, of Illinois, files a class action lawsuit against Mt. Gox for its loss of approximately 750,000 Bitcoins valued at more than $400 million. Filed in the U.S. District Court in Chicago, the 32 page legal complaint accuses Mt. Gox and Mark Karpeles of consumer fraud and negligence for failing to provide the necessary security to prevent […]

New design

Welcome to the new Newslines design. Our new, fresh look automatically resizes to let you access the site via mobile and tablets. We have also added a help section, and will be working on the various help topics over the next few weeks.  Please let us know what you think in the comments.

Court orders YouTube to take down anti-Muslim film

The 9th U.S. Circuit Court of Appeals in San Francisco court orders YouTube to take down an anti-Muslim film that sparked violence in many parts of the Middle East. The decision by a divided three-judge panel said the YouTube posting infringed actress Cindy Lee Garcia’s copyright to her role, and she, not just the filmmaker, could demand […]

New design

An updated design is launched. The new design is based on “flat design” and is fully responsive (able to be viewed on all sizes of screen).  A user support section from UserVoice, is added so that users can add feature requests and open support tickets.

Karpeles: We haven’t given up

In an IRC chat with Fox Business Karpeles says he hasn’t given up: FB: Is that Crisis Strategy Draft even legit? MK: more or less. as the name suggests it’s a draft and it’s a bunch of porposals to deal with the issue at hand, not things that are actually planned or done. This said […]

Support for Bitcoin Unshaken By Mt. Gox Collapse

In an email to The New York Times Cameron, who with Tyler own about $64.1 million worth of the virtual currency, said that the closure of Mt Gox’s closure “underscores just how far the Bitcoin ecosystem has come.” Cameron: Several exchanges have seamlessly picked up the slack and the market price has shown remarkable resilience. Mt. […]

Exchange goes offline

The Mt. Gox website goes offline with no explanation. The Company’s Tokyo office is empty and a handful of protesters remain outside. Karpeles tells Reuters in an email: We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can’t tell much more for now as this also involves […]

Other exchanges issue statement

A statement is issued by the founders of other Bitcoin exchanges, distancing themselves from Mt. Gox: This tragic violation of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry. There are hundreds of trustworthy and responsible […]

Crisis Strategy document: 744,408 Bitcoins missing

A document titled “Mt. Gox Crisis Strategy” is released by Bitcoin entrepreneur Ryan Selkis. The document shows that Mt Gox cannot account for over 740,000 Bitcoins (with a value of $350 million): For several weeks MtGox customers have been affected by bitcoin withdrawal issues that compounded on themselves. Publicly, MtGox declared that “transaction malleability” caused […]

Submit revised ETF filing

The twins submit a revised filing with the US Securities and Exchange Commission for Winklevoss Bitcoin Trust (filing), the long-awaited bitcoin exchange-traded fund (ETF) the investors first proposed in 2013. Changes from the original include altered language related to the inclusion of the Winkdex as the indicator of pricing for the ETF and new passages detailing […]

Launch Winkdex Bitcoin price tracker

The Twins launch Winkdex, a bitcoin price tracker. The index takes an amalgamation of bitcoin prices over six exchanges, including Japan’s MtGox, Britain’s Bitstamp and Bulgaria’s BTC-E. The prices are averaged together using a “proprietary, patent pending Winkdex formula” which takes into account volume and timing of transactions. Cameron is the CEO of the company behind Winkdex, […]

Withdrawals will restart ‘soon’

We have now implemented a solution that should enable withdrawals and mitigate any issues caused by transaction malleability. With this new system in place, MtGox should be able to resume withdrawals soon. At the beginning we will do so at a moderated pace and with new daily/monthly limits in place to prevent any problems with the new system […]

Poll: 68% of Mt. Gox users still waiting for funds

A CoinDesk poll of nearly 3,000 readers (Started on Feb 4) finds that a majority of Mt. Gox customers have been waiting months for their withdrawal requests to be fulfilled, despite being ‘verified’ or ‘trusted’ account holders. Poll respondents describe frustration with the exchange’s customer service, calling it slow, opaque and providing “canned responses”.

Protester flies from London, confronts Karpeles

Kolin Burges from London travels to Tokyo to find out if he can withdraw his 250 bitcoins from MtGox. He forms a one-man protest outside the Mt. Gox office and asks Karpeles if he will get his Bitcoins back. Protest at MtGox, Tokyo, 14th February 2014Watch this video on YouTube

Rich should get more votes

At a speaking engagement at San Fransisco’s Commonwealth Club hosted by Forbes, Perkins says that people should not be able to vote unless they pay taxes. The Tom Perkins system is: You don’t get to vote unless you pay a dollar of taxes. But what I really think is, it should be like a corporation. You […]

‘Transaction Malleability’ bug

The exchange announces the reason for the suspension of withdrawals is the detection of unusual activity on transactions from the exchange’s Bitcoin wallets to external wallets, known as “transaction malleability”. An individual could request bitcoins from an exchange or wallet service, alter the resulting transaction’s hash before inclusion in the blockchain, then contact the issuing service […]

‘Lyons got me wrong’

In a rebuttal to Sarasota Herald Tribune columinist, Tom Lyons, Biter says: Sarasota has been my home for over 13 years and I care deeply for the long-term success of our city. While my vision for a more vibrant downtown or my political views or even my religious views might not jibe with Lyons’, his […]

Halts withdrawals citing technical malfunction

The price of Bitcoin drops 8 percent after the exchange halts withdrawals, citing technical malfunction. In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

Launches Aspect Ventures

Gouw and Fonstad start Aspect Ventures, a venture capital fund focusing on the “emerging mobile marketplace.” Gouw and Fonstad have together created $10 billion in public market value, helped lead 15 M&A transactions and over 300 rounds in follow-on capital raised for their portfolio companies. The founders have pooled enough of their own money to back companies for the next couple […]

Biters appear on Leno

As part of his final week as host of “The Tonight Show” Jay Leno did a roundup of his favorite wedding names from his long-running “Headlines” segment, bringing the couples themselves to Burbank, California, to appear on the show. The Biters were featured due to Katie’s maiden name being Annis, making the couple the Annis […]

Lyons: Biter case for mayor weak

Following an exchange on Facebook where Biter said that “‘This death by committee is killing our city,” Sarasota Herald Tribune columnist, Tom Lyons, argues that Biter was attracted to Sarasota for the very reasons he is now pushing against: I’d suggest the reason he liked Sarasota so much was, in no small part, because rules had […]

Transfers to Fort Hood

Lopez is evaluated for PTSD but does not get diagnosed. Besides depression and anxiety, Lopez has trouble sleeping and is taking Ambien.