Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Mt. Gox has been approved for civil rehabilitation proceedings and will put the bankruptcy proceedings on hold. BTCC Pool is exploring the sale of half the company.
The Tokyo District Court has allowed the trustee to move forward with civil rehabilitation proceedings, putting the bankruptcy proceedings on hold. This change would allow for claims to be paid in Bitcoin. Creditors will have to refile for claims under civil rehabilitation.
CoinDesk reporting BTCC Pool has entered into a memorandum of understanding to sell 49% of the equity to Value Convergence Holdings Limited. The acquirer will pay ~US$ 17 million of cash and shares at a discounted price of HK$ 1.5. The MOU is not legally binding, and conditions of the acquisition can be further negotiated.
The financial services company has used a blockchain platform to transfer money between Hong Kong and the Philippines. Jack Ma believes the decentralized ledger will benefit global remittance but is not so optimistic about Bitcoin.
The digital collectibles marketplace has raised US$6 million from Spark Capital, founded by Twitch CEO Emmett Shear. Rare Bits was founded by Ammit Mahajan, a co-creator of FarmVille.
Buy Bitcoin, Ethereum, and other digital currencies on Coinsquare, Canadas most secure trading platform.
[maxbutton id="2"]
