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Failed bitcoin exchange Mt Gox allowed to file for Chapter 15 bankruptcy

By Tom Hals (Reuters) – The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business. Mt Gox was once the world’s leading…

Mt. Gox investors seek creditor support to save bitcoin exchange

(Reuters) – A group of investors, which is seeking to buy Mt. Gox, has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. “We need your help to stop a liquidation, which would be good neither for Mt. Gox…

U.S. prosecutors investigating Mt. Gox and other bitcoin businesses: report

By Emily Flitter NEW YORK (Reuters) – Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday. In the attacks –…

Bitcoin unit prices rise above $1,000

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin. Launched in 2009 as the invention of a mysterious computer guru who goes by the pseudonym Satoshi Nakamoto, bitcoins can be exchanged online for real money or…

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