Tag - bitcoin

 
 

BITCOIN

BUSINESS
Jun 18, 2014
Mt. Gox gets bankruptcy OK
Mt. Gox Co., once the world's largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to the Japanese investigation into the disappearance of 650,000 units of the digital currency.
Japan Times
WORLD / Crime & Legal
Apr 29, 2014
Bitcoin traders settle suit over failed Mt. Gox
U.S. and Canadian customers of failed Tokyo-based bitcoin exchange Mt. Gox have agreed to settle their proposed class-action lawsuits that alleged the company defrauded them of hundreds of millions of dollars.
Japan Times
BUSINESS / Companies
Apr 21, 2014
Mt. Gox CEO Karpeles sought both control, escape
In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy".
Japan Times
BUSINESS / Companies
Apr 8, 2014
U.S. court can't reach Mt. Gox's Karpeles: lawyer
Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge.
COMMENTARY
Apr 4, 2014
African e-money is the next currency killer
All the talk of bitcoin in recent years has overshadowed the e-finance revolution in Africa, India and eastern Europe, where a service called M-Pesa has replaced banking for millions of people who don't have a bank account.
COMMENTARY / World
Apr 1, 2014
The bitcoin rhapsody to continue
Attempts to save on remittance fees by using bitcoins could lead to an addiction, which in turn risks the loss of one's savings.
Japan Times
BUSINESS
Mar 30, 2014
Mt. Gox workers challenged CEO
Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion.
BUSINESS
Mar 21, 2014
Mt. Gox finds 200,000 'forgotten' bitcoins in old online wallet
After filing for bankruptcy protection and announcing it had lost nearly 850,000 bitcoins, Mt. Gox finds 200,000 'forgotten' bitcoins worth ¥51 billion.
BUSINESS / Tech / FOCUS
Mar 21, 2014
Is bitcoin start of a financial revolution?
Bitcoin may not be the messiah of a new currency its hard-core fans yearn for, but it may herald the deeper financial revolution the Internet has been waiting for.
BUSINESS
Mar 16, 2014
Mizuho caught up in suits against Mt. Gox
Mizuho Bank becomes ensnared in North American legal fallout from the collapse of bitcoin exchange Mt. Gox last month, following a massive cybertheft.
COMMENTARY / World
Mar 16, 2014
U.S. senator's criticism of bitcoin is misguided for playing down investors' love of the game
It isn't clear why bitcoin deflation matters to the U.S. economy. Goods and services aren't priced in bitcoins. The buyer who 'spends' bitcoins at a restaurant or store is just exchanging them for dollars, which do the buying.
Japan Times
BUSINESS / Tech / FOCUS
Mar 15, 2014
Why criminals love bitcoins so
Criminals may already have made off with $500 million worth of bitcoins since the virtual currency was launched in 2009 — and you can double that if they emptied Mt. Gox's coffers.
EDITORIALS
Mar 13, 2014
Regulating bitcoins
Japan will have to cooperate with other countries to prevent the use of bitcoin for illegal purposes. Some people, though, look forward to the convenience of bitcoin.
BUSINESS / Companies
Mar 12, 2014
Brokerage watchdog warns of bitcoin risks
The bitcoin digital currency can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to its significant risks, a brokerage industry watchdog warns.
Japan Times
BUSINESS / Companies
Mar 11, 2014
Mt. Gox safe from U.S. suits in bankruptcy case
Mt. Gox Co., the bitcoin exchange that filed for bankruptcy in Tokyo after millions of dollars' worth of virtual currency vanished from customer accounts, won a temporary halt to lawsuits it faces in the U.S.
JAPAN
Mar 7, 2014
Cabinet: Bitcoin is not a currency
Under Japanese law, bitcoins are not recognized as currency and transactions using it should be taxed based on the income, corporate and consumption tax laws, the Cabinet announces.
BUSINESS
Mar 3, 2014
Callers to Mt. Gox need translators
Mt. Gox, which collapsed after losing 750,000 bitcoins belonging to clients on its exchange, is finding that some customers dialing in to its new call center are getting lost in translation.
Japan Times
JAPAN / Media / DARK SIDE OF THE RISING SUN
Mar 1, 2014
Japan finds bitcoins can bite back, too
Tokyo has once again become the center of a world-wobbling virtual financial crisis. Let me emphasize the word virtual. That's because the world's best-known and perhaps largest exchange of the virtual currency known as bitcoin — Mt. Gox, located in Tokyo's Shibuya district — appeared to have all...
Japan Times
BUSINESS / Markets / FOCUS
Mar 1, 2014
Bitcoin believers unfazed by losses in Mt. Gox collapse
Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as the price of revolutionizing global finance.

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