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Mt Gox CEO charged with embezzling bitcoins

The former CEO of Mt Gox, Mark Karpelès has been officially charged with embezzlement by Japanese prosecutors. The former head of the Mt Gox Bitcoin exchange is said to have embezzled ¥321 million or £1.7 million. The exchange itself fell apart in 2014 after hundreds of thousands of Bitcoins disappeared …

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Winklevoss twins to launch Gemini Bitcoin exchange

The Winklevoss twins, most famously known for their part in helping conceive the idea of Facebook and for receiving a payout from the site’s founder, Mark Zuckerberg because of it, have announced that they will be launching a Bitcoin exchange called Gemini in the near future. As it stands, they are waiting …

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Mt.Gox finds 200,000 of its missing bitcoins

Japanese bitcoin exchange, Mt. Gox, has recently found 200,000 of its 850,000 missing bitcoins in an old un-used wallet from 2011. The wallet is currently worth around $116 million USD, which amounts to £70 million. The firm is still missing 650,000 coins though and has still yet to explain where …

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Japanese authorities to investigate Mt Gox closure

After the strange demise of bitcoin exchange Mt. Gox, Japanese authorities have pledged to investigate what happened to its business and the funds of its customers, many of whom lost hundreds and thousands of pounds worth of the digital currency when first Gox halted all withdrawals and finally shut down …

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Has bitcoin found its cruising speed?

Bitcoin value has always been susceptible to violent jumps and dips in its value, famously crashing from $30 to $3 back in 2012, then shooting up to $200 and then $1200 in 2013. More recently however, with fallout from Mt Gox, one of the world’s longest running exchanges, we’ve seen …

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Bitcoin hack steals £8,000

Bitcoin

Hackers have broken into Bitcoin brokerage, Bitinstant, taking more than $12,000 (£7,965) worth of the digital currency. The exchange has been quick to claim that no customers were affected – though the company website was knocked offline for a short period over the weekend. The hack was a clever one, involving …

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Bitcoin value tops at £21

Bitcoin

Bitcoin, the internet’s own currency, has continued to grow in value, in a world economy that seems untrustworthy over half a decade along from the 2008 market crash. Now though it’s reached a new peak, with the average Bitcoin now going for over $32 (£21). The high point was yesterday …

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