Bitcoin

Mt. Gox

Mt. Gox: ‘A Bug in the Bitcoin System’ Led to 750,000 Lost Bitcoins

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Troubled Bitcoin exchange Mt. Gox, once the largest of its kind, filed for bankruptcy protection last week. on Monday, the exchange released a statement that confirms approximately 750,000 Bitcoins deposited by users and about 100,000 Bitcoins belong to Mt. Gox had disappeared in February. This acknowledgment comes after a document claimed to be leaked out […]

Bitcoins

Bitcoin: Money, Currency or Something Else?

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Here are 10 reasons why a US dollar is worth the paper it’s printed on: USS Nimitz (CVN-68) USS Dwight D. Eisenhower (CVN-69) USS Carl Vinson (CVN-70) USS Theodore Roosevelt (CVN-71) USS Abraham Lincoln (CVN-72) USS George Washington (CVN-73) USS John C. Stennis (CVN-74) USS Harry S. Truman (CVN-75) USS Ronald Reagan (CVN-76) USS George […]

Mt. Gox

Mt. Gox Files for Bankruptcy Protection After Losing ~$450 Million in Bitcoin

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Mt. Gox, the troubled exchange for the virtual currency Bitcoin, filed for bankruptcy protection on Friday and said that it might have lost 750,000 of its customers’ coins, essentially all of them, in a hacking attack. The Tokyo-based exchange, which warned this month of a software flaw that may have allowed hackers to defraud it […]