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CEO of this company spent embezzled funds on prostitutes

CEO of this company spent embezzled funds on prostitutes

The head of collapsed Bitcoin exchange MtGox was facing fresh embezzlement charges

Top EU court rules Bitcoin exchange tax-free in Europe

Top EU court rules Bitcoin exchange tax-free in Europe

The EU's top court ruled today that the exchange of Bitcoin and other virtual currencies should be treated just like traditional money in Europe and not incur any sales tax.

Japan charges Bitcoin exchange CEO with embezzlement

Japan charges Bitcoin exchange CEO with embezzlement

Japanese prosecutors said Friday that they have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.

Bitcoin: Key facts you should know

Bitcoin: Key facts you should know

Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.

Collapsed Bitcoin exchange boss faces $2.6 mn theft claim

The former head of MtGox reportedly faced fresh criminal charges today over allegations he stole USD 2.6 million from clients, as police questioned him about hundreds of millions of dollars worth of missing Bitcoins.

Bitcoin exchange CEO to face new criminal allegations: Media

France-born Mark Karpeles, 30, was taken into custody in Tokyo this month over claims he manipulated data to artificially create about USD 1.0 million worth of the digital money.

Bitcoin exchange CEO to face new criminal allegations

Japanese police will re-arrest the CEO of collapsed Bitcoin exchange MtGox on theft allegations, reports said Thursday, as he faces questions over the disappearance of hundreds of millions of dollars worth of the virtual currency.

Winklevoss twins file paperwork to operate Gemini bitcoin exchange

Investors Tyler and Cameron Winklevoss earlier this week filed paperwork to operate a bitcoin exchange called Gemini for both individual and institutional investors in New York state, a spokeswoman said on Friday.

New York banking regulator grants first charter to bitcoin company

ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State’s banking law, becoming the first virtual currency company to receive a charter in the state, according to New York’s Department of Financial Services.

Bitcoin exchange Bitstamp suspends service after security breach

Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has suspended its service after a security breach on Sunday, resulting in loss of around 19,000 bitcoins.

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

Once handling 80 percent of the world`s bitcoin trades, Mt. Gox filed for bankruptcy in February in Tokyo after it lost 750,000 of its users` bitcoins and 100,000 of its own. Mark Karpeles, the 28 year-old French CEO of Mt. Gox, blamed hackers for the loss.

Failed bitcoin exchange Mt Gox gets US bankruptcy protection

The company filed for Chapter 15 bankruptcy protection in March.

Bitcoin exchange opening for business in Denmark

Denmark`s first exchange for virtual currencies will open next week, operator Crypto Coins Exchange Denmark (CCEDK) announced Monday.

Bitcoin traders settle class actions over failed Mt Gox exchange

Once the world`s biggest bitcoin exchange, Mt. Gox is slated to be liquidated after the Tokyo District Court granted the company`s request to abandon plans to revive its business.

Bitcoin exchange MtGox to start liquidation process: Lawyer

Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency`s reputation, is to be liquidated after a Japanese court ordered bankruptcy proceedings on Thursday, said a lawyer appointed to carry out the process.

''Bankrupt'' exchange Mt. Gox finds 200,000 ''lost'' bitcoins in old wallet

The company located 200,000 bitcoins worth around 485 million dollars in one of its old wallets.

Mt. Gox updates website, allows customers to check bitcoin balances

Mt. Gox filed for bankruptcy protection in Japan on February 28, saying it may have lost 850,000 bitcoins.

Mt. Gox files US bankruptcy, opponents call it a ruse

Mt. Gox filed for bankruptcy in Japan last month after it said it may have lost 750,000 of its customers` bitcoins as part of an attack by hackers.

Bitcoin exchange CEO found dead in Singapore

The 28-year-old American boss of a Bitcoin exchange has been found dead at the base of a Singapore apartment block, police and reports said Thursday, in the latest misfortune linked with the troubled virtual currency.

Indians lose crores in bitcoins as Japan exchange goes kaput

In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest bitcoin exchange so far.