• Mark Karpelès, former CEO of Mt. Gox (via Twitter).
    Asia & Australia,  Bitcoin

    Mt. Gox CEO acquitted on most serious charges, receives suspended sentence on the rest

    Mark Karpelès’ year-long detention and interrogation in Japan was a nightmare; lost 77 pounds

    A Japanese court handed Mt. Gox founder Mark Karpelès a suspended sentence for tampering with financial records, but acquitted him of the far more serious charges of embezzlement and breach of trust on March 15.

  • Alt coins,  Bitcoin,  Media,  Tether

    Must-reads for August 24, 2018

    Here are the crypto stories you should be watching today and this weekend

    It’s Getting Harder to Pump Up Prices in Cryptocurrency Markets (Bloomberg) Bloomberg’s Matt Leising is quickly becoming our personal hero. He faces a barrage of insults from cryptobros on Reddit and Twitter but instead of backing down, the intrepid reporter doubles down, noting, “It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market. At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin.” Stay strong, Matt. Stay strong!   Mt Gox’s Bitcoin Creditors Can Now File for Rehabilitation Claims (CoinDesk) Another step forward in…

  • Yen vs bitcoin
    Asia & Australia,  Bitcoin,  Cryptocurrencies

    Bitcoin and other cryptos are down heavily because of Japan

    FSA cites 6 exchanges while MtGox’s legal proceedings take new turn

    Japan delivered a one-two punch to HODLers of bitcoin on Friday, knocking BTC prices down 8 percent and similarly pummeling most of the cryptocurrency complex. First came news that regulators served six of Japan’s largest crypto exchanges with “business improvement orders”. Financial Services Agency (FSA) has been displeased with how these exchanges are implementing anti-money laundering procedures. QUOINE, bitFlyer, Bit Bank, BTC Box, Bit Point, and Tech Bureau were all told publicly to fix their internal controls. bitFlyer, the world’s sixth-largest bitcoin exchange according to CoinMarketCap, responded by announcing, “To ensure this process is completed quickly and effectively, we will be voluntarily and temporarily suspending the onboarding of new customers.”…