Day: July 10, 2017

Once a critic of blockchain hype, Tierion CEO Wayne Vaughan has now launched an ICO built on ethereum for his time-stamping startup.

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Mobile gambling is a huge niche that remains yet to be tapped completely. The internet traffic generated from mobile platforms continues to be on the rise while having already surpassed the desktop platforms generated traffic in 2016. With 68% of all internet traffic being mobile devices generated, the niche is full of potential. Recognizing this … Continue reading Mobile Dapps – the Future of Blockchain?

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The Bitcoin situation in Russia is quite remarkable, to say the least. Various smaller districts demand the Russian Central Bank legalizes Bitcoin. That is a surprising turn of events, although the logic behind this request is more than solid. Border cities feel Bitcoin can help their regional economy thrive in the years to come. The … Continue reading Legalizing Bitcoin Can Help Russian Border Cities Improve Their Regional Economy

The post Legalizing Bitcoin Can Help Russian Border Cities Improve Their Regional Economy appeared first on NEWSBTC.

Next week the notorious Mt Gox CEO, Mark Karpeles, will be going to trial for the missing bitcoins lost on the exchange back in 2014. 850,000 BTC was removed from Mt Gox trading platform, and later Karpeles allegedly found 200,000 BTC kept in cold storage. Karpeles will face the Japanese court’s decisions concerning the rest of the $1.6 billion worth of BTC gone missing.

Also Read: Bitcoin’s Price Rise Brings Mt Gox Closer to Solvency

Investigating the Lavish Lifestyle of Mark Karpeles

Back in October of 2015, Mark Karpeles was arrested for allegedly exploiting the Mt Gox record books, and Tokyo prosecutors accused the CEO of embezzling funds. According to regional reports at the time, Tokyo Police initially arrested Karpeles for moving USD $1 Million in yen to his bank account. Further, many well known Japanese publications such as Yomiuri and Jiji detailed that Karpeles lived a posh lifestyle and had solicited “several women whom he met at venues that offer sexual services.” A few week’s prior to Karpeles October arrest the former Mt Gox executive also was caught moving $166,000 worth of yen to his personal account.

A year later in July of 2016, a much thinner Karpeles was released by posting bail to the tune of $95,000 worth of yen. Karpeles has been a free man ever since but has been mandated to stay in Japan. Now, this Tuesday, July 11 Karpeles will face the Japanese prosecutor’s allegations that he embezzled some of the missing bitcoins. According to his lawyer, Kiichi Iino, Karpeles plans to plead not guilty to the charges against him. “He is keeping calm as the trial gets underway,” Karpeles lawyer explained to the Associated Press.

The Recent Visibility of ‘Magical Tux’ and the Known ‘Destination’ of the Missing Coins

Karpeles has been very vocal on the Mt Gox subreddit forum and Twitter since his release. Even speaking about the possibility of Mt Gox becoming solvent due to bitcoin’s rising price on the Mt Gox insolvency subreddit. Prosecutors will investigate Karpeles assets and lifestyle before and after the Mt Gox bankruptcy. If any manipulation is found Japanese laws may not be so easy on Karpeles as the country has a 99 percent conviction rate.

Further, the trial comes at a time when the blockchain surveillance company Chainalysis explained to a group of U.S. Senators that they know the “destination” of the missing 650,000 BTC. “Chainalysis was the official investigator in the Mt. Gox bankruptcy case, and the destination of those coins is definitely known,” Chainalysis co-founder Jonathan Levin said this past June.

Special Guest Protests

Additionally, Karpeles will have some guests at his trial like the creators of Mtgoxprotest.com, a website and a group of dedicated protestors that have been following the scandal since the insolvency started. Many bitcoin enthusiasts know the protestors/victims from their pictures on many tech magazine covers that reported on the story in 2014. On June 25 Kolin Burges reopened the site after it was hacked, and he says he plans on covering the Bankruptcy hearings and Karpeles trial again.

“It doesn’t seem to be very widely known for some reason, but the Karpeles criminal trial has been set for 11th July 2017 at the Tokyo District Court — There has been a lot of confusion over why the charges which have been brought so far only seem to cover a subset of the suspected illegal activities at Mt Gox,” Burges notes. “I’ll be attending the trial at least for the beginning. It would be good to see other creditors turn up. It will, of course, be in Japanese and I will be taking a lawyer/translator to help.”

What do you think about Mark Karpeles upcoming criminal trial? Let us know in the comments below.

Images via Pixabay, Mtgoxprotest.com, RFI, and Twitter. 

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The post Protestors Will Watch Mt Gox CEO Face Criminal Trial This Week appeared first on Bitcoin News.

India’s latest Blockchain experiment is targeting insurance as Bajaj Allianz launches two new products.

So it is time to get things moving on another fresh week of trading in the Bitcoin price and it looks as though we are in for a pretty strong one from a volatility perspective; that is if action over the weekend is anything to go by. Price jumped all over the place throughout the … Continue reading Bitcoin Price Watch; Here’s Where Things Stand This Morning

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Press Release
via Newswire
Monday, July 10, 2017

https://www.newswire.com/news/globitex-bitcoin-exchange-in-beta-release-19649686

London, United Kingdom July 10, 2017 (Newswire.com) – A European Bitcoin exchange platform Globitex has rolled out its beta release. Presently running in a limited beta, Globitex is accepting global customers on invitations only. The team includes the former executive director of The Bitcoin Foundation Jon Matonis, serving now as a Chairman at Globitex.

“Globitex is a genuine breakthrough for professional and institutional traders with full support for the FIX protocol and a slick UI. Traders will appreciate a platform designed by traders and the Globitex team has decided to start with the Euro-Bitcoin trading pair to be followed by other currency pairs and margin trading”, states Jon Matonis.

Globitex has begun operations by offering a Euro-Bitcoin exchange product (XBTEUR), with an aim to expand fiat and cryptocurrency offering in the near future. Algorithmic trading is fully supported by FIX and REST API interfaces.

The team has been developing the product for the past three years with the goal of providing a more professional trading environment for institutional traders. As a startup, since early 2014 the project was self-seeded by the founders and in 2015 raised the first venture capital funding. The round was carried out by a group of private investors lead by an entrepreneur and venture capitalist Viesturs Tamužs. The company has raised more than EUR 900,000 to date.

“The Globitex team have built a solid exchange product, which is set to prove itself as a reliable service provider in this exciting and fast-paced cryptocurrency industry”, admits Viesturs Tamuzs.

The current Beta release offers to trade at 0% commission and is expected to run with this pricing until public launch. Deposits and withdrawals are available via SEPA and SWIFT.

Source: Globitex.com

Last week, Delaware passed legislation that will give corporations the right to issue and trade shares on a blockchain. This is why it’s a big deal.

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Bitcoin “does not have to become a more stable store of value than the US dollar” to gain respect, the Wall Street Journal has said.

The post How to Buy Dash in 3 Simple Steps – A Beginner’s Guide appeared first on 99 Bitcoins.

Dash Is Digital Cash Dash is a popular open source, peer to peer (P2P), decentralized cryptocurrency that offers a number of advantages over fiat currency, Bitcoin, and other cryptocurrencies.  The Dash Core team consists of around 50 employees who are continually improving the protocol.  By focusing on ease of use, exposure, and technological advancements, expect […]