After shuttering its operations this week, Tokyo-based Bitcoin exchange Mt. Gox told reporters that it will be seeking bankruptcy protection, The Wall Street Journal reported.
Tags: Japan
Developers modify Bitcoin software to resolve transaction flaws
Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.
MtGox finds 200,000 lost bitcoins worth USD116 million
According to MtGox CEO Mark Karpeles in a regulatory filing, the bitcoin exchanger has found 200,000 lost bitcoins from an old digital wallet from 2011.
US investors Benchmark, Fortress, and Ribbit to buy stake in Pantera's Bitcoin fund
US-based investment firms Benchmark Capital, Fortress Investment Group, and Ribbit Capital are buying a stake in Pantera Capital's Bitcoin fund called Pantera Bitcoin and committed to conduct virtual currency transactions through Pantera.
Japan decides not to regulate Bitcoin transactions
After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.
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