Sentences with phrase «of mtgox»

Most of the MtGox creditors eligible for compensation, what to get it in BTC or BCC, which is understandable, considering the stellar rise of both digital coins.

This marks the largest cryptocurrency theft in history, surpassing the 2014 hack of MtGox — a Tokyo - based exchange that collapsed after losing $ 400 million.

18k of MtGox's BTC transferred the day before we hit $ 6000 on Feb 6th pic.twitter.com / nluQpexhoM

Mark Karpeles, CEO of defunct Bitcoin exchange Mt Gox, pitched the idea of a MtGox ICO to restart the exchange, which was once one of the largest cryptocurrency exchanges.

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.

The CEO, Chris Larsen, is a new face in the cryptocurrency community, but Bitcoin users are likely to recognize two familiar names: Jed McCaleb, founder of MtGox, by far the largest Bitcoin exchange in the Bitcoin community, and Stefan Thomas, a Bitcoin developer responsible for BitcoinJS.

For now, BitStamp remains an exchange with one of the more spotless, even if not the most prominent, reputations in the Bitcoin community, with very few complaints about the sorts of deposit and withdrawal delays and anti-fraud and anti-money-laundering compliance hassles that are occasionally reported by users of MtGox and even Coinbase.

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

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

Kraken CEO Jesse Powell is a featured panelist in a discussion at CoinSummit of the best way forward for Bitcoin exchanges after the demise of MtGox.

Kraken CEO Jesse Powell joins CEOs from other leading Bitcoin companies to issue a joint statement on the demise of MtGox.

The case is likely to be drawn out further before creditors receive what remains of MtGox's assets.

Not exact matches

At the time of purchase the value of Bitcoin on the BitcoinStore site was roughly $ 117, more or less inline with the price on MtGox.

The agency may be wary of allowing higher - risk investment schemes in Japanese markets following the MtGox incident.

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

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.

Though some media outlets have reported the theft as the greatest in the history of cryptocurrency, the value at press time of the 650,000 bitcoin (a conservative estimate) that were stolen from the MtGox exchange, which was headquartered in the same Tokyo neighborhood as Coincheck, totaled over $ 7 billion.

A new Silk Road like marketplace called Atlantis had come online, exchange MtGox had expressed interest in listing the currency, and a growing number of merchants had announced acceptance of Litecoin.

The «Verifying Your Account» section of the website says: «All MtGox user accounts are required to be verified in order to perform any deposits or withdrawals.»

Trace Mayer and Jesse Powell discuss Kraken's role in distributing funds to MtGox creditors, Kraken's proof - of - reserves audit in spring 2014, advanced security features available on Kraken and the risks for many exchanges that accept customers illegally.

Kraken is selected to support the investigation of missing Bitcoin and the distribution of remaining assets to MtGox creditors.

«Bet on future profit to refill the lost coins - Long term, low leverage: Regardless of malleability and regulatory issues, MtGox's main problems are massive robbery and poor bitcoin accounting.

This sounds more challenging, both legally and because there is no guarantee of raising enough to revive MtGox.

MtGox was forced to suspend trading in bitcoin after a massive digital theft or disappearance of the bitcoin it held.

MtGox's bankruptcy trustee applied for recognition of the Japanese bankruptcy proceedings in Canada as the «foreign main proceeding» under the Canada Bankruptcy and Insolvency Act.

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

The exchange has been around for one and a half years, and has a trade volume of over $ 2 million USD per month — a far cry from leading exchange MtGox's $ 30 million per month, but larger than any other of its competitors.

Fees are relatively low, with a trade fee of 0.20 - 0.50 %, compared to MtGox's trade fees of 0.25 % -0.60 %.

The document also evokes sweeping rhetoric aimed to tie Mt. Gox's fate to that of the broader bitcoin community: «The likely consequences will be larger than this localized financial damage, and we believe that the benefits of keeping MtGox stable and running outweigh the risks.

MtGox, a Bitcoin exchange that used to have over 90 % market share in the industry and still remains one of the top three Bitcoin exchanges today, announced on Friday that they would be halting BTC withdrawals as a result of unspecified...

The document also implies that an industry bailout is in order because news of Mt. Gox's bankruptcy could set back Bitcoin's public acceptance «5 - 10 years and could cause governments to react swiftly and harshly... This isn't about saving MtGox any more.»

In light of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users.

The most prominent one, BTCChina, has almost as much trade volume as MtGox or Bitstamp, with over 20000 BTC sold in the 24 hours before the time of this writing.

Since then, MtGox's market share has been eclipsed by those of Bitstamp and BTCChina, BitPay has been joined by Coinbase, to a lesser extent BIPS and now Circle, and at the beginning of October the last point of vulnerability, Silk Road, was shut down - and Bitcoin's prices soon went up rather than down.

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.

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

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.

The sheer volume of bitcoins traded on the exchange, combined with the prime importance of exchanges to the Bitcoin economy, gives MtGox the power to, whether through malice, incompetence or simple human error, significantly manipulate the Bitcoin price in either direction unilaterally.

MtGox has set up a call center in Japan to handle the worried inquiries of newly hard - up Bitcoiners.

In the event of recent news reports and the potential repercussions on MtGox's operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users.

At midnight on Thursday the median price on MtGox was just shy of $ 900.

Unfortunately, in the world of Bitcoin and other cryptocurrencies, incidents such as Bitfinex or MtGox are nothing new.

The November record of $ 1,277 on MtGox — which was probably artificially high due, in part, to market manipulation — was breached across exchanges on April 26 of this year.

«In order to increase repayments to our creditors, it is necessary to explore the possibility of having MtGox Co., Ltd. continue its business.

It should be noted that just like most exchanges, Bitfinex has also experienced its own share of difficulties starting from April 2016 when 120,000 Bitcoins were stolen which till date is the second highest bitcoin theft after MtGox» experience where 750,000 bitcoins where stolen though Bitfinex compensated its clients after initially spreading the risk across all its clients.

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.

«Overall, the amount of bitcoin held by the MtGox estate is approximately 202,185 XBT, or $ 91,185,435 USD at today's bitcoin price of approximately $ 451, which Kraken will help to distribute.»

Bitcoin lost almost 90 % of its value when MtGox was hacked, in 2014.

«It's time that MTGOX got the bitcoin communities wrath instead of Bitcoin Community getting Goxed.

MtGox was a bitcoin exchange from Japan that handled over 70 % of al Bitcoin transactions in the world.