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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

Mt. Gox Suitors Seek Support To Save Bitcoin Exchange

A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets, Reuters reported. "We need your help to stop a liquidation, which would be g ...

Daily Headline - global.abi.org - 04/18/2014 - 00:05 - 0 comments

MtGox Faces Liquidation After Japanese Court Rejects Bankruptcy Protection

MtGox, once the biggest bitcoin exchange in the world, is likely to be liquidated after a Japanese court denied it bankruptcy protection on Wednesday, The Guardian reported. The company's assets will be sold off and used to pay its creditors, in ...

Daily Headline - global.abi.org - 04/16/2014 - 23:07 - 0 comments

Japan’s Population Shrinks for Third Year as Ranks of Aged Grow

aging society, Bloomberg News reported. The population declined by 0.17 percent to 127.3 million as of ... economy faces in financing its aging society, Bloomberg News reported. The population declined by 0 ...

Daily Headline - global.abi.org - 04/15/2014 - 23:13 - 0 comments

Mt. Gox Faced Questions On Handling Client Cash Long Before Crisis

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, ...

Daily Headline - global.abi.org - 03/30/2014 - 21:32 - 0 comments

Mt. Gox Says It Found 200,000 Bitcoins In 'Forgotten' Wallet

Mt. Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at ...

Daily Headline - global.abi.org - 03/23/2014 - 10:15 - 0 comments

Mt. Gox Suit Judge Loosens Bitcoin Freeze to Chase Assets

A U.S. judge who froze assets belonging to the American affiliate of bankrupt Bitcoin exchange Mt. Gox Co. loosened that restraint to see where some of the digital currency flows, Bloomberg News reported. U.S. District Judge Gary Feinerman in Chicago tod ...

Daily Headline - global.abi.org - 03/20/2014 - 22:16 - 0 comments

BOJ's Kiuchi Warns of Risks From Easing

One of the Bank of Japan's more outspoken policy board members warned on Wednesday that too much monetary stimulus could cause problems for the economy in the future, even as the head of the bank said that it should stand ready to act again if neede ...

Daily Headline - global.abi.org - 03/19/2014 - 23:20 - 0 comments

Mizuho Deal To Put Focus On Japanese Reading Of Basel III

Mizuho Financial Group is set to bring Japan's first overseas new-style bank capital instrument, testing investors' stance on the country's unique interpretation of loss-absorption rules, Reuters reported. Unlike other jurisdictions, where ...

Daily Headline - global.abi.org - 03/17/2014 - 00:03 - 0 comments

Tokyo Lawsuit Raised Red Flags On Mt. Gox Funding, Compliance

Two months before Mt. Gox filed for bankruptcy it was sued by a customer seeking the return of funds in a case that highlights some of the red flags raised in the run-up to the collapse of what was once the world's biggest bitcoin exchange, Reuters ...

Daily Headline - global.abi.org - 03/12/2014 - 21:43 - 0 comments

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