Home

U.S. District Judge Loosens Freeze on Bitcoins
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

U.S. District Judge Gary Feinerman, who froze the assets belonging to Bitcoin exchange Mt. Gox Co., according to Bloomberg News, has loosened his restraint and revised the temporary order that he issued on March 11. The plan is reportedly to allow the movement and tracking of small amounts of the digital crypto-currency.

Bitcoins are created by a process called mining, in which participants verify and record payments into a public ledger in exchange for transaction fees and newly minted bitcoins. Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.

  
What
Where


In early February 2014, Mt. Gox, one of the largest Bitcoin exchanges, suspended withdrawals, citing technical issues related to “transaction malleability”. It has been reported that one week later the price of a bitcoin had come down from over US $800 on February 1 to US $400. On February 24, 2014, Mt. Gox’s website was taken offline and all trading stopped.

The FINRA, a United States self-regulatory organization, has warned that investing in Bitcoin carries significant risks. Bitcoin has garnered comments and attention from economists and journalists, as well as investors and speculators. According to Mark T. Williams of Boston University, bitcoin is over 7 times as volatile as gold and over 8 times as volatile as the S&P 500.

Image credits: www.bitcoinfeed.net

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Complex Commercial Disputes Associate Attorney

USA-WI-Green Bay

Green Bay office of an AmLaw firm seeks Complex Commercial Disputes Associate Attorney with 1 year o...

Apply Now

Patent Agent with 1 year of chemistry experience

USA-CA-Palo Alto

Palo Alto office of our client seeks entry-level patent agent with 1 year of experience. The candida...

Apply Now

RELEVANT JOBS

Associate Attorney (Senior)

USA-NY-New York City

Our Intellectual Property and Business law firm, with offices in New York and California, seeks a Se...

Apply now

Electrical Patent Attorney

USA-VA-Reston

The candidate will focus mainly on the preparation and prosecution of patents in one or more of the ...

Apply now

Personal Injury Attorney

USA-NC-Raleigh

We are seeking a Personal Injury Attorney to become a part of our team! You will represent clients i...

Apply now

REAL ESTATE ASSOCIATE ATTORNEY

USA-WA-Tacoma

Local long established attorney firm with a focus on matters of real estate, tax, business law and e...

Apply now

SEARCH IN ARCHIVE

To Top