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Tokyo's district court has ruled that it's not possible for people to own bitcoin, and therefore they can't sue for compensation in the wake of Mt. Gox's collapse. The ruling comes a few days after the head of what used to be the world's largest bitcoin exchange was arrested on charges of fraud co...

August 6th 2015 at 2:45pm 0 Comments
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It's been months since Tokyo police revealed their belief that the Mt. Gox bitcoin heist was an inside job, and tonight they arrested its former CEO, Mark Karpeles. Some 650,000 bitcoin still remain unaccounted for since the exchange shut down in 2014, which Karpeles blamed on a computer flaw. Acc...

July 31st 2015 at 11:51pm 0 Comments
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It's been about ten months since the Mt. Gox bitcoin exchange turned out the lights, blaming hackers or a bug in the blockchain as reasons why 850,000 bitcoin it held had suddenly disappeared. Today the Japanese paper Yomiuri Shinbun (English) reports that Tokyo Police investigating the events hav...

January 1st 2015 at 12:23am 0 Comments