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!!






 

RELEVANT JOBS

Associate Attorney

USA-MN-Minneapolis

This position involves significant daily contact with clients and regular contact with outside attor...

Apply now

Intellectual Property Legal Administrator, Office of General Counsel

USA-MA-Brookline

Intellectual Property Legal Administrator, Office of General Counsel Dana-Farber Cancer Institute ...

Apply now

Administrative Assistant / Paralegal

USA-IL-Chicago

Administrative Assistant / Paralegal Job Description: * Provide administrative and paralegal s...

Apply now

Litigation Attorney

USA-CA-Los Angeles

Excellent opportunity for a full-time, experienced litigation attorney (minimum 5 years) to join our...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-FL-Saint Petersburg

Saint Petersburg office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate atto...

Apply Now

Litigation Associate Attorney

USA-NV-Las Vegas

Las Vegas office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorney wi...

Apply Now

Immigration Attorney

USA-CA-Los Angeles

Los Angeles office of our client seeks immigration attorney 3-5 years of experience. The candidate w...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top