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US Bitcoin exchange CoinLab sues Japanese leading Bitcoin trading exchange Mt. Gox over failed partnership

US Bitcoin exchange CoinLab sues Japanese  leading Bitcoin trading exchange Mt. Gox over failed partnership | Payments 2.0 | Scoop.it
CoinLab files lawsuit against key Bitcoin exchange Mt. Gox alleging breach of contract in deal to manage North America operations. Read this article by Steven Musil on CNET News.
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Bitcoin Mike's curator insight, May 5, 2013 11:33 AM

I will be interested to see if the market for exchanges consolidates or fragments over the coming months. Clearly it is worth the cost of the lawsuit for Gox to breach the contract and maintain control over North American trades, but the dominance of one exchange platform will come with an increase in transaction fees. 

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Bitcoin Exchange deal repatriates assets into the US banking system

Bitcoin Exchange deal repatriates assets into the US banking system | Payments 2.0 | Scoop.it
Although the deal for Mt. Gox bitcoin exchange and CoinLab to partner on U.S. customer business was brokered by Seattle-based CoinLab, it would not have been possible without a solid and willing financial institution in the United States.
Therese Torris's insight:

Direct link to the announcement of the deal: Mt.Gox & Coinlab Announce Strategic Partnership to Bolster American Presence, Celebrate $1/2 Billion per Year in Annualized Trades

https://mtgox.com/press_release_20130228.html

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