
“U.S. investors seeking to revive Mt. Gox have launched a last-ditch effort to convince a Japanese bankruptcy court to support their proposal after the failed bitcoin exchange announced it would abandon a rehabilitation plan and instead move to liquidate its assets. As part of this effort, the investor group has launched a website, savegox.com, to explain its proposal and create a mechanism for Mt. Gox’s 127,000 creditors to express their support for it. The group’s proposed new exchange would be led by John Betts, who built electronic trading platforms at Goldman Sachs Group Inc. and Morgan Stanley in New York.”
http://online.wsj.com/news/articles/SB10001424052702304810904579507980740114154
Related posts:
‘Citizen Drone Warfare’: Hobbyist explores a frightening scenario
Obama’s crackdown views leaks as aiding enemies of U.S.
3D Printer Can Now Turn Molten Gold To Jewelry
Meet Laxmicoin, the desi bitcoin
King of My Castle? Yeah, Right
Big U.S. coal miner Alpha Natural files for bankruptcy
Official figures reveal Ireland is back in a recession
Damascus clubbers try to dance away constant threat of death
Should Puerto Rico Shut Down Schools to Pay Its Debts?
Disabled cancer patient slammed to the ground by TSA, then jailed
Dish Network Says It Will Accept Bitcoin
Why It's So Hard For Scientists To Study Medical Marijuana
Fund Manager Hugh Hendry: I would buy Bitcoin if I could
Bitcoin fever: The virtual money everybody may use someday
Police gun down 83-year-old woman in her backyard responding to 911 call she dialed