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Mt Gox Creditors Want Payouts In Bitcoins

A group of creditors of Mt Gox, the collapsed Bitcoin exchange, is threatening a shake-up of bankruptcy proceedings in Tokyo unless the administrator settles its claims in the virtual currency, the Financial Times reported. Once the world’s largest t ...

Daily Headline - global.abi.org - 07/23/2014 - 21:26 - 0 comments

Japan Trims Economic Growth Forecast

The Japanese government trimmed its economic-growth forecast for the current fiscal year ending in March but said that it won't give up on its long battle to bring its debt issuance under control, The Wall Street Journal reported. The world' ...

Daily Headline - global.abi.org - 07/22/2014 - 21:47 - 0 comments

Mt. Gox Pays Parent as Liquidation Continues

Further draining a pool of assets that will eventually be distributed to its creditors, defunct bitcoin exchange Mt. Gox has paid $188,763 to Tibanne, its parent company, as a part of its liquidation, The Wall Street Journal reported. A heavily black ...

Daily Headline - global.abi.org - 07/07/2014 - 23:09 - 0 comments

Mt. Gox U.S. Bankruptcy Approved to Help Bitcoin Hunt

Mt. Gox Co., once the world’s largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to a Japanese investigation into the disappearance of 650,000 units of the digital currency, Bloomberg Businessweek reported. U.S. Bankrupt ...

Daily Headline - global.abi.org - 06/17/2014 - 22:38 - 0 comments

Japan's Aiful Gets Creditor Support For Debt Restructuring

Japanese consumer lender Aiful Corp said on Friday its creditors had agreed with the company's plans to restructure 52.7 billion yen ($517.22 million) of the company's total 162 billion yen in debt, Reuters reported. Aiful will repay the rest o ...

Daily Headline - global.abi.org - 06/15/2014 - 21:48 - 0 comments

Siemens and Mitsubishi Heavy Industries Nearing an Offer for Alstom

Competition to acquire the French energy equipment maker Alstom was expected to intensify on Monday, as Siemens of Germany and Mitsubishi Heavy Industries of Japan were said to be preparing to make a joint offer that could pressure General Electric to im ...

Daily Headline - global.abi.org - 06/15/2014 - 21:51 - 0 comments

CoinLab Agrees to Support Mt. Gox's U.S. Bankruptcy Efforts

Bitcoin company CoinLab Inc. has thrown its support behind Japanese bitcoin exchange Mt. Gox's U.S. bankruptcy case, a change of course for CoinLab, which has sued Mt. Gox for $75 million, The Wall Street Journal reported. Lawyers for CoinLab sa ...

Daily Headline - global.abi.org - 06/09/2014 - 21:18 - 0 comments

Bitcoin Traders Settle Class Actions Over Failed Mt Gox Exchange

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, Reuters reported. The class action plaintiff ...

Daily Headline - global.abi.org - 04/29/2014 - 21:34 - 0 comments

Tokyo Court Orders Bankruptcy Trustee To Begin Mt. Gox Liquidation

Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. Gox, the company said on Thursday, after the bankruptcy administrator said on April 16 that it would be difficult to rehabilitate the firm, Reuters reported. Mt. Gox, once t ...

Daily Headline - global.abi.org - 04/24/2014 - 22:43 - 0 comments

Some Mt. Gox Customers Want CEO Out During Bankruptcy

Mt. Gox customers with frozen bitcoin accounts are targeting Chief Executive Mark Karpeles, arguing in court papers he is unfit to lead the Japanese bitcoin exchange through its U.S. bankruptcy case, The Wall Street Journal reported. In papers filed ...

Daily Headline - global.abi.org - 04/21/2014 - 00:04 - 0 comments

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