Creditors of hacked Japanese cryptocurrency exchange Mt. Gox began filing civil rehabilitation claims Thursday, August 23 in a fresh attempt to retrieve their lost bitcoins. An online claims submission process released by trustee Nobuaki Kobayashi details the various prerequisites for the exchange’s creditors, who now have until October 22 to submit a filing. The news follows on from an update earlier this month, in which officials clarified information about ultimate payouts and other issues. “If proof of claim is not filed by the deadline, then disenfranchisement (i.e., loss of the right to claim) might apply, so please be careful,” Kobayashi …

Lawyers representing a group of creditors of the now-defunct Japanese Bitcoin (BTC) exchange Mt. Gox have recently updated their civil rehabilitation plan, according to a statement on the Mt. Gox creditors’ website Aug. 2. In the announcement, the Mt. Gox creditors stated they had revised the basic policy for the rehabilitation plan as of August 1, 2018, in compliance with comments on the previous version of the policy, including from a group of Mt. Gox Legal creditors. The update confirmed that repayments will be made in Bitcoin and Bitcoin Cash (BCH), adding that creditors will be paid back to their …

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Leading South Korean Crypto Exchange Bithumb Hacked For $30 Mln In Crypto Bithumb, which has fallen from 6th to 10th place for cryptocurrency exchanges worldwide by trading volume, has had about $30 million worth of cryptocurrencies stolen in an apparent hack. Bithumb has temporarily suspended all deposits and payments, noting that they are …

The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC's Fast Money segment June 22. We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here's why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ — CNBC's Fast Money (@CNBCFastMoney) June 22, 2018 To back up his statement, Kelly provided three key factors. First, he pointed out that the market sentiment is “approaching lows,” implying that a trend reversal is likely to follow. Bitcoin, trading at $5,881 as of …

The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan. Market visualization from Coin360 Leading South Korean exchange Bithumb was hacked for $30 million, and Japan’s financial regulator FSA has apparently renewed their crackdown on cryptocurrency exchanges after sending out six more business improvement notices this week. Bitcoin (BTC) is edging closer to $6,000, trading for around $6,105 at press time, down less than 1 percent over a 24 hour period. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is slightly down, …

Defunct Bitcoin exchange Mt. Gox has formally entered civil rehabilitation proceedings, officials announced June 22. A statement and accompanying documentation confirm the move, which will see attorney Nobuaki Kobayashi act as civil rehabilitation trustee. Kobayashi was responsible for selling vast tranches of Bitcoin reserves beginning Q4 last year to reimburse Mt. Gox users who lost money in the exchange’s mass hack in late 2013. The sell-offs appeared to have a conspicuous effect on markets, Bitcoin prices tumbling immediately following each transaction, which Kobayashi performed on major exchanges. “The power and authority to administer and dispose of MTGOX’s assets is still …

16,000 Bitcoin (BTC) and 16,000 Bitcoin Cash (BCH) have been moved out of cold wallets associated with the infamous, now defunct Japanese Bitcoin (BTC) exchange MT. Gox today, April 26, according to Mt. Gox cold wallet tracking data on Crypto Ground. The wallets are under the control of Mt. Gox’s bankruptcy trustee, Nobuaki Kobayashi. As displayed on the cold wallet monitor, the exchange has moved 16,000 BTC, worth $144 mln, and 16,000 BCH, worth around $21.7 mln by press time. The sums were moved out in multiple batches of 2,000 BTC and BCH to various addresses. The BTC amounts were …

After investment tycoon Tim Draper said earlier this week that Bitcoin (BTC) could hit $250,000 by 2022, CNBC Fast Money’s Brian Kelly has supported this prediction in a CNBC interview from yesterday, April 13. In response to a question about Draper’s high prediction, Kelly responded that although “it sounds crazy,” when one considers that BTC already had a 4,000 percent return over two years, a 3,000 percent return over four years could be a “continuation of the trend we’ve seen.” Kelly continues by noting that an increase of institutionalized money into the crypto sphere - Rockefeller’s VC arm, a Goldman …

The aftermath of the January 26 hack of more than $500 mln worth of NEM from Japanese crypto exchange Coincheck has led to a regulatory re-examination of Japan’s crypto industry, so far culminating in the $33.5 mln sale of the hacked exchange to Japanese financial services provider Monex Group. Japan had been one of the leading countries in crypto adoption when it legalized Bitcoin as a payment method a year ago. The move was made in part to prevent another hacking incident such as that of the now defunct Japanese crypto exchange Mt. Gox — arguably the most infamous, and …

Unofficial investigations into money laundering at defunct cryptocurrency exchange Mt. Gox alleged that a UK “shell” company was involved in laundering 650,000 BTC (equal to about $6.9 bln at press time) March 7. According to an expose by File On 4, a program on the BBC’s news and current affairs radio station Radio 4, the Always Efficient LLP company participated in processing the funds hacked from the Tokyo exchange. Also the subject of the ongoing official FBI operation, Always Efficient LLP purports to be based in London, yet its address is “shared by several other companies” and is “likely to …

Anybody who was drawn to Bitcoin in the very earliest days might have been put off by one significant fact. Bitcoin’s biggest exchange, where they would likely go to purchase the currency, was bizarrely called: “Magic the Gathering Online Exchange,” or Mt. Gox for short. Anybody who was confused as to why they needed to go to a “Magic the Gathering” website to purchase Bitcoin probably just went ahead and closed their browser. A nascent economy Mt. Gox is just one example of the type of services (or lack thereof) provided during Bitcoin’s infancy. Eventually more reputable exchanges would come …

The beleaguered Russian cryptocurrency exchange BTC-e has kept its promise to relaunch the website…sort of. The domain http://btc-e.nz was active today, though not accessible to users in some parts of the world, notably the US, due to regulations. The site had promised to reimburse clients via tradable tokens (BTCT) for any losses they had incurred due to the seizure of the domain by the FBI. The domain was seized after the arrest of Alexander Vinnik in Greece in July on charges of money laundering, specifically, the laundering of the stolen Mt. Gox Bitcoins. The reboot of the site comes with …