Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019

The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve. Civil Rehabilitation Process Finally Begins Mt.Gox is undoubtedly the cryptocurrency exchange with the most amount of notoriety, suffering the first notable Bitcoin hack, losing over 800,000 […]

Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news. In Switzerland, the Bank of International Settlements is spreading some misinformation about digital currencies and blockchains; meanwhile, attorney Pamela Morgan is in the U.S. […]

Bitcoin Drops to Within 2018 Low Close to $6,000

Bitcoin fell to within touching distance of the $6,000 mark on Friday, a figure not seen since February, following improvement orders from Japan’s Financial Services Agency (FSA) to six of the country’s crypto exchanges. Bitcoin Continues to Fall The number one digital currency is seeing its value being chipped away as the integrity of the […]

Bank of England to Open Settlement System to Private Firms, Distributed Ledgers

The Bank of England remains bearish on bitcoin, but the central bank has announced plans to overhaul its settlement system to allow private payment systems, including those based on blockchains and other types of distributed ledgers, to interface with the platform. Bank of England Governor Mark Carney announced the plans in a speech delivered on […]

Congress Should Take Action Against Privacy Coins: Secret Service Official

A top official in the US Secret Service has asked Congress to take action against privacy-centric cryptocurrencies like zcash and monero, which include features designed to help users make anonymous transactions. In prepared testimony given on Wednesday before the House of Representatives Committee on Financial Services Subcommittee on Terrorism and Illicit Finance, Robert Novy — […]

EOS User Posts Private Key Online, Dares Critics to Steal Funds

It’s a truth universally acknowledged that one should never expose their private keys to another individual or an untrusted piece of software. However, one EOS backer is putting that worldview to the test. On Friday, anonymous Steemit user “eosinsider” levied a challenge to the nascent cryptocurrency’s critics: here’s my private key — steal my funds. […]