BitAngels closes on its first structured fund, called BitAngels Fund I, with 10,000 bitcoins (value: $4.5m) available to companies that are developing distributed applications built on top of the blockchain. Michael Terpin, a founder of BitAngels, calls this “Bitcoin 2.0.” BitAngels wants to deploy the money in 15 to 20 companies, and would like to invest the fund within […]
According to interviews with Reuters, in 2012 a small group of employees met with Karepeles to ask him to address their concerns that Mt. Gox was overspending. Costs included rent in a Tokyo high-rise, high-tech gadgets such as a robot and a 3-D printer and a souped-up, racing version of the Honda Civic imported from Britain for […]
In response to a motion filed Tuesday 25 March, where Gregory Greene and Joseph Lack ask a U.S. judge to order Karpeles, as CEO of Mt. Gox to go to the U.S. to testify in the U.S. in order to protect domestic creditors, Karpeles proposes to go to Taiwan instead, where he would allow lawyers to question […]
According to a team at ETH Zurich University (report), only 302,000 bitcoins have ever been lost due to transaction malleability with 386 BTC (approximately $200,000) being lost by Mt. Gox. The exchange has claimed 744,408 bitcoins lost in the attack.
In a filing, Karpeles discloses Mt. Gox has discovered 200,000 bitcoin in a digital wallet, which is worth about $118 million at current exchange rates. The Bitcoin was discovered in one of the “old-format wallets” that Mt.Gox had used in the past and assumed no longer held any bitcoins. The recovered 200,000 bitcoin brings Mt.Gox’s total loss down to […]
Comic courtesy of xkcd I’m getting more than a little bit sick of Clickbait headlines. Along with flying surveys and popunders that tell me how I’m going to make SO much money in my pajamas these “Click me Click me!” headlines have infected our browsers like a bad case of textual diarrhea. We’ve been here […]
Customers are able to login to the Mt. Gox site and check their balances. A notice on the site says: This balance confirmation service is provided on this site only for the convenience of all users. Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under […]
Canadians with deposits in Mt Gox announce a class action for $500 million in compensation for losses on the exchange. The lawsuit targets Mt. Gox, Karpeles and Jed McCaleb, and Mizuho bank, one of the largest banks in Japan, according to a notice of action to Ontario Superior Court. Toronto litigation lawyer Ted Charney said: We’re never going […]
According to a sworn declaration in Mt. Gox’s U.S. bankruptcy filing, the company may have collected a large sum in trading fees in the weeks before its closure, even though it was already aware that a vast number of Bitcoins had gone missing. Even though Mt Gox told customers it was investigating possible fraud on Feb 7, […]
Bundy joins some fifty ranchers in a courtroom protest of rancher Cliff Gardner’s conviction of illegally grazing his cattle on federal land. The protesters say that states’ rights render federal law irrelevant, and say that Gardner’s conviction is meaningless. Some of them wear white wigs to emulate Revolutionary War patriots. Bundy says, This court has […]
U.S. District Judge Gary Feinerman issues a temporary order freezing money and property belonging to the Mt. Gox Inc. (the U.S. affiliate of Tibanne), Tibanne KK, and principal Mark Karpeles. The order is issued without opposition from the frozen entities, who are not represented in court, and in the presence of lawyers for Mt.Gox Co. Feinerman’s […]
The Company files for U.S. bankruptcy protection in Dallas late Sunday saying without protection it will spend substantial funds defending itself against Gregory Greene’s class action. Greene is scheduled to ask a federal judge on March 11 to freeze Mt. Gox’s U.S.-based servers and other computer equipment and to set up a trust over Mt. Gox’s U.S. assets. The […]
The Ban Bossy campaign is launched by Sheryl Sandberg, Secretary of State Condoleezza Rice and Girl Scouts USA CEO Anna Maria Chávez. The campaign aims to ban the word “bossy,” arguing the negative put-down stops girls from pursuing leadership roles. Sandberg says: We know that by middle school, more boys than girls want to lead, and […]
Hackers take over Karpeles’ Reddit account and personal blog adding a post alleging that the exchange has actually kept at least some of the bitcoins that the company had said were stolen from users. It’s time that MTGOX got the bitcoin communities wrath instead of [the] Bitcoin Community getting Goxed “Goxed”– is a term that […]
A company owned by Biter buys a second parcel of land next to a building he bought in Sarasota downtown in summer 2013. He plans to build up to 200 apartments offering units from $1,000 to $2,000 per month. The deal to buy the second lot was stalled after old technology from the nearby dry-cleaner […]
The twins book a flight into space on Richard Branson’s Virgin Galactic using Bitcoin. Tyler: Why? Because Bitcoin and Sir Richard Branson’s Virgin Galactic are two technologies that meaningfully represent our focus at Winklevoss Capital – the reduction of pain-points and friction in an effort to build a better world.
In an interview on his late-night show, Jimmy Kimmel tells Ford that if he’s drinking enough that he would try crack cocaine in his 40s he should seek counseling. When asked again about getting help, Ford said: Talk is cheap, action speaks louder than words. We’ll let the people decide on October 27. I’m just a normal, […]
Ohanian tells how, when he first started Reddit, he was invited to Yahoo by one of their executives who laughed at him and described Reddit’s traffic as a “rounding error”.
The company opens a call center for customers inquiring about the status of their Bitcoins held with the exchange.
De Baubigny attends the Vanity Fair post-Oscar party with Rupert Murdoch.