Mt. Gox

Mt. Gox is well-known for creating one of the world's first Bitcoin trading posts. Unfortunately, in the company's most recent attempt to save its legacy, the virtual company has had to file for bankruptcy to protect its remaining assets, while trying to expand internationally. Mt. Gox has filed...

Twenty-eight year old Autumn Radtke was found dead in her apartment, according to multiple media outlets. Radtke, which some media outlets are calling the CEO of bitcoin, was actually at the helm of First Meta, a company dealing in numerous virtual currencies, including bitcoin. First Meta was...

U.S. stocks were mixed despite the S&P 500 hitting new all time highs of 1,867.92. Rumors surrounding Russian military involvement in Ukraine naturally presented investor concerns and fear in the market. The market was boosted by a positive consumer sentiment and a steady existing-home...

On Friday, Mt. Gox filed for bankruptcy protection. This announcement doesn't surprise anyone who has been following bitcoin since May 2013, when Mt. Gox started having issues processing withdrawals. Instead of surprise we should be asking why? Many people lost life changing amounts of money...

Some journalists at the Detroit Free Press are asking if bitcoin will survive the Mt. Gox collapse. Journalists have posed this question a few times before. For anyone paying attention, the Mt. Gox collapse was not news, the only news was the extraordinary amount of gross incompetence being...

U.S. stocks fell on Tuesday as investors found a decline in consumer confidence as reason enough to keep stocks from moving higher. The S&P 500 retreated from its record all time high set yesterday but took a run above the 1,850 level in the late morning. The all time high for the index is...

Today, everyone is seeing headlines about the death of bitcoin (but not for the first time). In online venues many are using the Gox blunders to call for regulation. Companies like Enron, General Motors, KMart, AIG, Detroit City, Bernard L. Madoff Investment Securities LLC, etc. destroy...

Bitcoin is currently trading at $587 via CoinDesk. Mt. Gox and the growing scandal  After raising eyebrows by suddenly relocating offices last week, confusion continues as Mt. Gox, resigned their Bitcoin Foundation Board Seat last night. After Charlie Shrem’s resignation last month, this is...

Bitcoin's price took another plunge Thursday morning because of one company: Mt. Gox. There's currently two competing theories on Mt. Gox – either they are insolvent or they are manipulating their market for profit. Whatever the reason, Mt. Gox disappointed the market again and pushed the price...