Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet

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The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and it’s also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in…

Mt Gox Ordered to Repay Victims of 850,000 Bitcoin Hack

Mt Gox Ordered to Repay Victims of 850,000 Bitcoin Hack

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The Tokyo District Court has ordered Mt Gox to begin compensating victims of its infamous 2014 hack, effectively stalling the exchange’s pending bankruptcy. Posted on the Mt Gox website June 22, the ruling may bring closure to a November 2017 petition requesting compensation — filed by creditors of the now-defunct Mt Gox exchange. Crucially, victims…

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

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This week’s round-up features a colorful selection of bitcoin stories but we’ll start with the possible explanation for recent market dips. Most cryptocurrencies dropped in price over the period, following developments with depressing effect on traders. In Japan, Mt. Gox’s bitcoins stored in court ordered wallets have moved again, while in South Korea, the largest…

Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9K

Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9K

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Notoriously hacked cryptocurrency exchange Mt. Gox isn’t done with bitcoiners just yet. Just as it appeared the world’s most popular cryptocurrency was ready to strike above the stubborn high nine thousands in price, Nobuaki Kobayashi, Tokyo-based, court appointed trustee of the remaining bitcoin to be distributed among creditors, seems ready to flood another 8,000 coins…

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

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The skittish cryptocurrency market has moved further into the red today as several factors, including South Korean regulatory action, test the stress tolerance levels of market participants. One of the key drivers behind recent negative price movement is the actions of the Mt Gox bankruptcy trustee Nobuaki Kobayashi, who appears to be preparing for another…