Sentences with word «mtgox»

While the information has not been officially confirmed, the mere mentioning of MtGox trustee's name is enough to switch the market into panic mode.

At the time Bitcoin was trading on MtGox for around $ 93.39 USD.

In 2014, the Bitcoin exchange MtGox lost

Kraken CEO Jesse Powell discusses a wide variety of topics on decentral Talk Live, including the history of Kraken, Kraken's role in assisting MtGox creditors, areas of operation, the partnership with Fidor bank, cryptographic proof of reserves, Kraken security features, and more.

This could work, joined with a solution similar to what Bitfinex did, where liabilities are covered with tokens issued to creditors, and can be cashed out anytime based on current liabilities status while said status progressively improves over time as MtGox makes money and / or coins are recovered (could take years just to maybe see Vinnik get his ticket to the USA, so no need to hold your breath there).

At the time of this writing 1 Bitcoin is trading on MtGox for $ 25.60 (USD).

It took three years for Bitcoin to recover from MtGox.

This is why the civil rehabilitation procedure has been chosen, Rebuilding MtGox Co., Ltd under the supervision of the court in a legally organized procedure while giving proper explanations will not be for the sole benefit of the company but for that of the whole bitcoin community.

In order to have a similar reaction in the markets as when MtGox ceased its operations, a multiple simultaneous hack must be performed in different important cryptocurrency exchanges.

This is potentially huge for MtGox users in the US and Canada.

The remaining 12 percent is held by MtGox's original creator Jed McCaleb, a San Francisco - based programmer who currently works with Stellar.

In 2014, the Bitcoin exchange MtGox lost 850,000 bitcoins to hackers — at the time valued at nearly $ 620 million — and just last August, nearly 120,000 units — at the time valued at about $ 72 million — were stolen from another exchange, Bitfinex.

Bitstamp managed to deal with the problem relatively quickly and is now back up and running; a sure sign of improvement following the drama that unfolded at MtGox.

In the past, there have been many hacks like MTGox and the recent Bithumb hack, safeguarding the crypto is a huge concern.

For more than two weeks, until Mt. Gox declared bankruptcy, he kept vigil outside the exchange's headquarters, holding a sign reading, «MTGOX WHERE IS OUR MONEY?»

Following MtGox's fall, UK based exchange Bitstamp rose to prominence, being generally considered one of if not the top Bitcoin exchange.

Kraken starts accepting MtGox Creditor claims and offers up to $ 1 million in free trade volume per creditor for claiming funds through Kraken.

In his press statement, he mentioned that: «Launch an ICO to raise money to hypothetically revive MtGox.

Canadian customers of MtGox brought a class action for the value of their bitcoins.

As a result, MtGox declared bankruptcy in Japan.

MtGox now much more frequently releases updates on Twitter, and posts longer messages on issues like outages and denial of service attacks when needed.

«Rebuilding MtGox Co., Ltd under the supervision of the court in a legally organized procedure while giving proper explanations will not be for the sole benefit of the company but for that of the whole Bitcoin community,» Karpeles says.

«I will happily retweet all retractions and apologies from people who wrongly forecasted death of Bitcoin as result of MtGox collapse: — RRB -.»

Currently I would strongly advise against using MtGox as an exchange as you're unlikely to receive withdrawn funds in a timely manner and will pay a higher price for you Bitcoin.

CoinLab will be representing MtGox in the United States and Canada.

On April 22, 2015, the bankruptcy trustee created a system that enabled MtGox users to file claims against the exchange regarding their lost funds.

to «Yeah I've heard of it... isn't it that MtGox thingy that went belly up?»

MtGox sank from $ 140 to a low of $ 110, Bitstamp from $ 127 to $ 85 and BTC - E from $ 123 to $ 75.

In th eyes of many Bitcoin users, perhaps grieving at the sudden disappearance at their hope of instant riches, but also legitimately angry at the exchange's failure to perform up to the Bitcoin community's expectations, the message amounted to little more than rubbing salt on their wounds, gloating that while the rest of the Bitcoin economy, and even MtGox's actual service, was in disarray the exchange's usage volumes and profits were higher than ever.

The price hit rock bottom at $ 400 when MtGox finally died, and then picked back up to $ 600 - $ 700.

The system is not perfect; just like Bitcoin, ultimately every server must verify every transaction, but unlike MtGox the architecture was designed to be highly parallelizable from the start, allowing servers to scale to any number of transactions simply by adding more cores.

Seeking to make up for their poor performance in the eyes of the Bitcoin community, MtGox temporarily lifted all trading fees on the exchange.

Since then MtGox has made an honest effort at damage control, and took two major steps to regain the public trust.

At first glance, this appears to be an act of niceness, but an understanding of basic economics would have quickly revealed the folly of the scheme: once fees were taken off, trade volume spiked up massively, and trading lag once again hit over 45 minutes on April 13, requiring MtGox to shut down once again for five minutes.