Mt. Gox Operator Looking to Sell Trademark to the Word Bitcoin: Report

Advertisement
By Agence France-Presse | Updated: 28 May 2014 15:35 IST
The holding company of collapsed virtual currency exchange MtGox is looking to sell the trademark to the word Bitcoin, The Wall Street Journal said Wednesday.

The company hopes to raise at least 100 million yen, or about $1 million, for a package including the Bitcoin trademarks in Japan and the European Union, the Journal quoted an executive of the company as saying.

It is also looking for a buyer for the domain name Bitcoins.com, the paper said, adding it was unclear whether any money from the sale would be used to pay back the creditors of MtGox.

Advertisement

The executive said the company wanted to sell the trademarks because it had no use for them, the Journal said, without naming the company official.

Tibanne, a company headed by former MtGox chief Mark Karpeles, had its registration of the Bitcoin trademark approved in Japan in 2012, an AFP search of the online database of the patent authority ahowed.

Advertisement

Tibanne was effectively the operator of the troubled Bitcoin exchange since MtGox had no staff, the Journal said. The two companies shared the same office address in Tokyo.

MtGox filed for bankruptcy protection in late February, saying it had debts of 6.5 billion yen and that it had lost 850,000 units of the crypto-currency. It later said it had found about 200,000 of them.

The company is to be liquidated after a Japanese court ordered bankruptcy proceedings in April.

The spectacular failure of MtGox hammered the digital currency's reputation.

 

Also seeCryptocurrency Prices across Indian exchanges

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Airtel Unlimited 5G Data Subscribers Reportedly Cannot Share 5G Data via Mobile Hotspot
  2. How to Watch the FIFA World Cup 2026 Final Live Stream in India
  3. Oppo K15 Launch Date Confirmed; Key Specifications Revealed Ahead of Debut
  4. Airtel Revises Postpaid Portfolio, Removes Rs. 549 Individual Plan
  5. Tecno Camon 50 Ultra 5G With a 6,500mAh Battery Debuts in India: See Price
  1. Redmi Note 17 Pro Global Variant Reportedly Appears on NBD Database Alongside Poco Model
  2. Google Pixel 11a Codename Reportedly Spotted in Phone App
  3. Huawei Mate XT 2 Leaked Patent Reveals New Tri-Fold Design and Folding Mechanism
  4. Airtel Unlimited 5G Data Subscribers Reportedly Cannot Share 5G Data via Mobile Hotspot: Here's What We Know So Far
  5. Lenovo Legion C700 Teased as a Cloud Gaming Handheld Ahead of August Launch
  6. Marvel's Wolverine Gets New Trailer That Will Play Ahead of Christopher Nolan's The Odyssey in Select Theatres
  7. Airtel Quietly Removes Rs. 549 Individual Postpaid Plan in India; Rs. 699 Plan Becomes Next Upgrade
  8. Poco M8 Power, Poco X8 India Launch Timeline Tipped; Could Arrive as Rebranded Redmi Note 17 Series
  9. Samsung Galaxy S25 Series Could Get Galaxy S26’s Horizontal Lock Camera Feature With One UI 9 Update
  10. Asus Pad India Launch Date Announced as Company Reveals Key Specifications
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.