Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally?

Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges. Besides, it will also cause unnecessary price fluctuation that may work against victims triggering a sell-off towards

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In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

In the Daily: Mt Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss RegulationsMt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies. […]

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Mt. Gox Whale Secures ‘Rehabilitation Trustee’ Balance of $623 Million

MtGox trustee Nobuaki Kobayashi published documents on the MtGox website on Wednesday informing the public about decisions made at the second creditor’s meeting. MtGox went under in 2014, after handling 70% of the world’s Bitcoin transactions at that time, due to a major security breach which lost $450 million worth of investor funds. The 850,000 BTC would go on to be worth billions. Mt Gox has gone offline taking all our Bitcoin with it. I have lost quite a lot of my money today 🙁 — Dan Bull 🍐 (@itsDanBull) February 25, 2014 As Rehabilitation Trustee, Nobuaki Kobayashi was placed

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Coincidence? Bitcoin (BTC) Prices Up After Mark’s Judgment

Bitcoin prices up 1.4 percent in last week Mt Gox founder serving 2.5 years suspended sentence Participation picks up, BTC could print higher in days ahead. Mark is a free man, and despite heavy losses ordinary investors had to shoulder, a Japanese court remained lenient. All the same, it appears as if Bitcoin prices are

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Mt. Gox Mark Karpeles May Avoid Jail Time but Class Action Lawsuits Remain

Mark Karpeles, the former CEO of the defunct bitcoin exchange Mt. Gox, may eventually avoid jail time following the suspended sentence he received from a Tokyo court but his legal troubles are far from over. A Suspended Sentence May Count as a Win for Mark Karpeles but the Lawsuits are Coming Earlier this week, Karpeles failed to have a U.S. class-action lawsuit in which he is a defendant dismissed. This was after a court in Illinois, a state where around 1.5% of Mt. Gox victims hail from, ruled that there were legal grounds to go ahead with the case. Illinois

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Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Mt Gox CEO Mark Karpeles Found Not Guilty of EmbezzlementMark Karpeles, CEO of the now-defunct bitcoin exchange Mt. Gox, has been sentenced by the Tokyo District Court. The court convicted him of record tampering but found him not guilty of embezzlement. He received a suspended jail sentence of two and a half years. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF […]

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Newsflash: Bitcoin Exchange Mt. Gox: Mark Karpeles Receives Suspended Sentence

The Wall Street Journal reports that the verdict is in on Mark Karpeles. He was found guilty on just one charge: producing illegal records. The rest of the charges, including the loss of millions of dollars in Bitcoin, were dropped. Further, he was handed a suspended sentence. Karpeles Beats Most Charges, Receives Suspended Sentence for Producing Illegal Records In the US justice system, at least, a suspended sentence basically means that as long as the accused keeps their nose clean, they never have to go to jail. Karpeles’ defense attorneys used the fact that he hid the true state of

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