Mt. Gox
By CoinGecko | Updated on Mar 03, 2020
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa). In 2014, Mt. Gox was shut down after about 850,000 bitcoin was declared lost or stolen. Mt. Gox was created in 2006 by Jed McCaleb who named it after Magic: The Gathering Online Exchange where users could use the cards like stocks. Jed later sold Mt. Gox to Mark Karpelès in 2011.
Related Terms
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
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