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Mt. Gox is reportedly planning for liquidation rather than rebuilding its business [Confirmed]

Apr16
by on April 16, 2014 at 6:25 am
Posted In: Around the Web, bitcoin, Insider

Mt. Gox, the fallen Bitcoin exchange that was once the toast of the virtual currency world, is reportedly ditching plans to rebuild itself under bankruptcy protection, in favor of company liquidation, the Wall Street Journal reports. Update: An announcement from Mt. Gox has confirmed that it will not rehabilitate the company as was previously planned. Interestingly, the Journal reports that a source close to Mt. Gox believes there is “still hope a buyer for the exchange could be found.” Such an eventuality would help investors, who stand to recoup less of their investments if Mt. Gox is liquidated, although the…

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Mt. Gox is reportedly planning for liquidation, but remains hopeful of being acquired

Apr16
by on April 16, 2014 at 6:25 am
Posted In: Around the Web, bitcoin, Insider

Mt. Gox, the fallen Bitcoin exchange that was once the toast of the virtual currency world, is reportedly ditching plans to rebuild itself under bankruptcy protection, in favor of company liquidation, the Wall Street Journal reports. Interestingly, the Journal reports that a source close to Mt. Gox believes there is “still hope a buyer for the exchange could be found.” Such an eventuality would help investors, who stand to recoup less of their investments if Mt. Gox is liquidated, although the situation is far bleaker for the exchange’s customers. Notifications on Mtgox.com as of April 16 2014 The site imploded…

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Google says all Glass units allocated to the public sold out, but doesn’t reveal how many were bought

Apr16
by on April 16, 2014 at 5:06 am
Posted In: Around the Web, Google

Google ditched its invite-only approach to Google Glass for a single day when it made its wearable device available to the general public in the US on Tuesday, and the company has revealed that its allocation of devices is now sold out. Google isn’t saying exactly how many devices and spots on the Google Explorer program have been claimed today — we’ve reached out to the company to try to get that figure — but, since it is not yet midnight in California, the allotment did technically sell out before the end of the day. There’s hope for anyone who wanted…

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Alibaba’s US IPO is shaping up to be one of the biggest tech listings ever

Apr16
by on April 16, 2014 at 4:05 am
Posted In: Alibaba, alibaba ipo, Around the Web, Asia

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Alibaba isn’t a household name in the US, but the e-commerce firm from China is shaping up to hold one of the biggest technology IPOs that the US markets have ever seen. Some insight into its size was revealed this week with its recent financial results — which were made public via shareholder Yahoo’s recent earnings report — and they are impressive, to say the least, as Tech In Asia reports: The Chinese ecommerce juggernaut pulled in US$3.06 billion in revenue in Q4 2014, which is up 66 percent on the same period a year before. Alibaba’s Q4 net income…

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