The Phaserl


Bitcoin exchange Mt. Gox hit by $75 million lawsuit

by Saumya Vaishampayan, Market Watch:

A lawsuit against Bitcoin’s main trading exchange Mt. Gox was filed this week regarding rights to the North American market. And no, the plaintiff is not seeking damages in Bitcoins.

CoinLab, backed by venture capitalist Peter Vessenes, said it entered into an agreement with Mt. Gox in November that gave CoinLab access to Mt. Gox’s technology – its computer servers and the “exclusive right to certain intellectual property” –  so that CoinLab could provide exchange services to North American customers as Mt. Gox’s exclusive partner in the region. Mt. Gox is based in Japan.

Transactions in the U.S. and Canada through Mt. Gox were switched to CoinLab as of March 29, according to a press release from CoinLab.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>