Mt. Gox finds 200,000 missing bitcoins in unused wallet

(Credit:Bitcoin)

Mt. Gox has discovered 200,000 missing bitcoins in a wallet no longer in use, the troubled Bitcoin exchange announced Thursday, reducing the number of missing bitcoins from 850,000 to 650,000.

"We believed there were no bitcoins left in old wallets, but found 199,999.99 bitcoins on March 7," Mt. Gox Chief Executive Officer Mark Karpeles said in a document (PDF) released Thursday. Mt. Gox said it reported the discovery to attorneys on March 8 and moved the newfound bitcoins to offline storage.

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Once one of the largest and most popular Bitcoin exchanges, Mt. Gox filed for bankruptcy last month, saying it had lost nearly 750,000 customer bitcoins, as well as 100,000 of the exchange's own bitcoins, as a result of a security lapse. The discovery of the overlooked bitcoins apparently occurred before hackers hijacked and defaced Karpeles' Reddit account and personal blog with charges of fraud earlier this month.

Hackers accused the exchange of secretly keeping some of the coins allegedly stolen in the fraudulent withdrawals and posted data allegedly lifted from Mt. Gox servers they said backed up their claims. The data purportedly showed that 951,116 bitcoins had been deposited with the exchange, more than 100,000 more than Mt. Gox claimed to have lost.

The troubled exchange suspended customer withdrawals on February 7, claiming a fundamental flaw existed in Bitcoin that affected all transactions. Not long afterward, the exchange shut down altogether. Although Mt. Gox later apologized for the issue and said it had developed a workaround that would allow it to resume service, customers are still unable to make withdrawals.

Topics: Corporate and legal Tags: Mt. Gox, bitcoin

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Mt. Gox found 200,000 Bitcoin ($116 million) in an old wallet, should check its pockets

In a bit of news that's familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery. The company announced (PDF) in Japan that it found 200,000 Bitcoin (worth nearly $116 million at the moment) in a wallet from 2011 that it no longer used. That's less than a quarter of the 850,000 Bitcoins CEO Mark Karpeles reported were missing, but at the moment, at least it's something. According to its statement, the coins were moved to online wallets on the 7th, and then to offline wallets on the 14th and 15th. The mystery of what happened to Mt. Gox's funds is still far from solved, but between this news and reports of updated balances for account holders, it seems possible that there's something to be recovered from the shuttered exchange. Next up, removing all of the cushions from the sofa and pulling it away from the wall.

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Source: Yahoo Japan, Wall Street Journal, Coindesk, Mt. Gox (PDF)

Tags: bankruptcy, bitcoin, japan, mt. gox, mt.gox, mtgox Next: Medium's new iPhone app helps you read (but not write) long articles .fyre .fyre-comment-divider

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Google to shutter "tap and pay" for Google Wallet on non KitKat phones starting April 14th

"http://i-cdn.phonearena.com/images/article/53940-image/Google-to-shutter-tap-and-pay-for-Google-Wallet-on-non-KitKat-phones-starting-April-14th.jpg" alt

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Update to Google Wallet will allow you to track your online orders

An update to both the Android version and iOS version of Google Wallet, is adding a new feature that could be quite helpful. Called "Orders," the feature allows you to track online orders, receive a notification when they are shipped, and also keeps track of your past orders. The update is available only in the U.S. for Android users with Android 4.0 or higher, and iOS users running iOS 6.0 or higher.

Android users with Android 4.1 or higher have been able to track packages using Google Now, which receives the information from their email and shows them the status of any online orders on a card. Besides offering users the ability to tap and pay at participating retail outlets, Google Wallet will also keep track of any loyalty programs that users have signed up for.
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The app can also track a user's location to promote special offers available at nearby retailers. Those that don't want Google Wallet to have their current location can merely disable the feature.



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This case will turn your iPhone into a mobile wallet for $70

After a brief tease earlier this week, Incipio has officially unveiled its iPhone mobile payment case. The Cashwrap Mobile Wallet gives most iPhone users NFC payment support at any place that accepts Isis; beyond the case, all you need is a compatible account and a free app. If you're eager to stop paying with plastic cards, the Cashwrap should be available online for $70. AT&T is only due to launch the peripheral at retail on January 31st, although the recent in-store sighting hints that you might have a chance at scoring a retail unit ahead of schedule.

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Source: BusinessWire

Tags: accessories, apple, att, case, iphone, isis, MobilePayments, mobilepostcross, nfc, peripherals, smartphone Next: The Engadget Podcast is live at 12PM ET!
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Isis Mobile Wallet now supports Wells Fargo Visa credit cards

Isis -- a joint mobile payment venture between AT&T, T-Mobile and Verizon -- has partnered up with banking juggernaut Wells Fargo, shortly after it rolled out nationwide. In addition to Chase, American Express, J.P. Morgan, and random loyalty cards, users can now load their mobile wallets with Wells Fargo's Visa consumer credit cards. This allows them to purchase from participating merchants (there are "hundreds of thousands," according to the bank) that accept NFC payments without having to bring their plastic to the store. Want to use the system but don't know where to begin? First things first, make sure you have an Isis-ready Android smartphone from any of the three aforementioned carriers. Once you've received the special SIM and have activated the service, you can start going on nighttime trips to McD's or doing emergency CVS runs with only a phone in hand.

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Source: Wells Fargo

Tags: att, isis, MobilePayments, mobilepostcross, NFC, NfcPayments, t-mobile, verizon, WellsFargo Next: Samsung promises 'differentiated' smartphones based on its camera expertise .fyre .fyre-comment-divider

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LifeLock Acquires Mobile Wallet Platform Lemon For $42.6 Million, Launches LifeLock Wallet

Lemon, a digital wallet platform which allows users to store their ID, payment, loyalty cards and more on their smartphone, has been acquired by identity theft protection service LifeLock for approximately $42.6 million, the companies are announcing today. LifeLock is also now launching a new application called “LifeLock Wallet,” which is based on Lemon Wallet Plus technology.

Lemon first launched in 2011, and had previously raised $8 million in Series A funding the following year from Maveron, Lightspeed Venture Partners, CampVentures, Draper Fisher Jurvetson, Chamath Palihapitiya’s Social

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