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BitcoinMt. Gox Bitcoin Exchange Headed Toward Liquidation
The bankrupt Mt. Gox Bitcoin exchange took another step toward oblivion when the Tokyo District Court dismissed its application for civil rehabilitation and steered it on a path to liquidation.
That news is of concern to the 127,000 Mt. Gox customers who had money stuck in accounts there – liquidation usually reduces any restitution.
But the Japanese administrator taking over the Mt. Gox assets left open a possibility that at some point could allow the failed exchange to pay back customers.Here's how it might work...
BitcoinWhy the Bitcoin Price Is Rising Today
After plunging to six-moths lows, just last Friday, Bitcoin prices have rebounded 40%. And that's on a day when the Chinese Bitcoin exchanges were supposed to get cut off from their bank accounts.
It seems that, for better or for worse, events in China are driving the price of Bitcoin.isn't going to change any time soon...
Bitcoin 3Check Out Who's Investing in Bitcoin Now
Some in the mainstream media would have you believe that most of those investing in Bitcoin are naïve and unsophisticated fools who don't recognize a bubble when they see one.
But that doesn't explain why some big names in venture capital are pouring millions of dollars into the digital currency, or why Wall Street is growing increasingly interested.To continue reading, please click here...
Bitcoin 7Why the Bitcoin Price Is Falling Today
Reports that the People's Bank of China (PBOC) planned to shut down the bank accounts of Chinese Bitcoin exchanges became all too real today (Thursday), as the exchanges began receiving official notices from their respective banks.
The news sent the Bitcoin price today falling as much as 12.4% to a low of $385.32, adding to the losses that started after the first rumors leaked out several weeks ago. Bitcoin prices have fallen from more than $600 in mid-March and more than $800 at the start of the year.To continue reading, please click here...
Bitcoin1Bitcoin Investing Just Got a Lot More Complicated
When the Internal Revenue Service (IRS) issued its guidance on digital currency a few weeks ago, it seemed that Bitcoin investing had gotten some very good news.
See, the IRS had just issued a ruling in which the tax agency said it intended to treat the radical new digital currency as property, not currency.To continue reading, please click here...
Bitcoin1The Bitcoin Market Continues to Be Rocked by China Uncertainty
The Bitcoin market ended the week as it began – trying to sort out how far the Chinese central bank will go in its crackdown on the Chinese exchanges, and how that might affect Bitcoin prices everywhere else in the world.
Mainstream Chinese news outlet Caixin Online was the first to report last week that the People's Bank of China (PBOC) was planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.To continue reading, please click here...
Bitcoin5Bitcoin Prices Whipsawed by Looming China Crackdown – But Not for Long
As the rumors of a crackdown by the People's Bank of China have solidified over the past few days, Bitcoin prices have been hit hard.
Last week, we told you that China's central bank was rumored to be planning to force Chinese banks to close any accounts they have with Bitcoin exchanges by April 15.To continue reading, please click here...
Bitcoin 1Bitcoin Prices Tank on Rumors of China Ban
Bitcoin prices plunged this week on reports that the People's Bank of China (PBOC) was planning to block banks from providing accounts to Bitcoin-based businesses.
The CoinDesk Bitcoin Price Index dropped from about $585 on Wednesday to as low as $477 on Thursday, though by Friday Bitcoin prices were hovering around the $500 level.To continue reading, please click here...
Bitcoin NewsWhere Are the Mt. Gox Bitcoins?
Several surprising developments this week deepened the mystery of where the Mt. Gox bitcoins are.
Much of the Mt. Gox-related Bitcoin news this week has contradicted official statements from the bankrupt exchange and Mt. Gox Chief Executive Officer Mark Karpeles about how the bitcoins were stolen.To continue reading, please click here...
Bitcoin News4Bitcoin News Today: IRS Guidance on Taxation Creates New Headaches
Bitcoin news today: The Internal Revenue Service (IRS) has finally released its guidance on how Bitcoin should be treated for tax purposes – and it's bound to make the digital currency harder to use.
The IRS has decided that Bitcoin is to be treated as property – not currency – for the purposes of taxation.To continue reading, please click here...