Karpeles Beats Embezzlement Charges in Mt Gox Ruling

Karpeles Beats Embezzlement Charges in Mt Gox Ruling 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust. Per reports in the Wall Street Journal, the court’s verdict is a massive blow to Japanese prosecutors who have maintained their stance that Karpeles was guilty of embezzlement and breach of trust at Mt. Gox. The sentence, which was carried out on March 15, will see him serve a suspended sentence of two-and-half years in…

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange What appear to be leaked bank documents suggest that millions of dollars-worth of cryptocurrency from the now-bankrupt bitcoin exchange Mt. Gox may have been sold on the the open market through Japan’s BitPoint exchange last year. Goxdox, a site dedicated to supporting the creditors of Mt. Gox, published images of bank transactions on Tuesday, stating that they show payments in Japanese yen from BitPoint to the account of the Mt. Gox trustee, Nobuaki Kobayashi. The payments amount to 34.3 billion yen…

Mt Gox’s Bitcoin Creditors Have 4 Days to Submit Rehabilitation Claims

Mt Gox's Bitcoin Creditors Have 4 Days to Submit Rehabilitation Claims 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mt Gox’s Bitcoin Creditors Have 4 Days to Submit Rehabilitation Claims Clients of the defunct crypto exchange Mt. Gox must submit claims for trapped funds by Oct. 22.As previously reported by CoinDesk, the exchange first opened up the claims process in August, following a protracted bankruptcy battle. In June, petitioners asking for their bitcoin back won a major victory, as the Japanese bankruptcy court overseeing the proceedings shifted the case to one of civil rehabilitation, meaning creditors could file for their cryptocurrency holdings, rather than a fiat equivalent based on cryptocurrency prices…

Mt Gox Trustee Has Sold $230 Million in Bitcoin, Bitcoin Cash Since March

Mt Gox Trustee Has Sold $230 Million in Bitcoin, Bitcoin Cash Since March 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mt Gox Trustee Has Sold $230 Million in Bitcoin, Bitcoin Cash Since March The trustee for the now-defunct cryptocurrency exchange Mt. Gox has revealed new details about the pace of cryptocurrency sales as part of the firm’s bankruptcy and rehabilitation process.Attorney Nobuaki Kobayashi explained in a September 25 notice on the Mt. Gox website that over $230 million dollar’s worth of bitcoin (BTC) and bitcoin cash (BCH) had been exchanged for fiat currency between March 18 and the start of civil rehabilitation on June 22. According to the notice, the…

Mt Gox’s Corporate Creditors Can Now File Claims for Bitcoin Refunds

Mt Gox's Corporate Creditors Can Now File Claims for Bitcoin Refunds 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mt Gox’s Corporate Creditors Can Now File Claims for Bitcoin Refunds The trustee of the long-defunct bitcoin exchange Mt. Gox has announced that corporate creditors can now enter claims to claw back trapped bitcoin through a recently approved rehabilitation process.Nobuaki Kobayashi, attorney-at-law and the rehabilitation trustee for Mt. Gox said in a release on Wednesday that former corporate users of the exchange will have until Oct. 22 to file proof backing up their claims for refunds of crypto assets held by the exchange. “We have released an online rehabilitation claim…

Mt Gox CEO: I Don’t Want Bankrupt Bitcoin Exchange’s Billions

Mt Gox CEO: I Don't Want Bankrupt Bitcoin Exchange's Billions 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mt Gox CEO: I Don’t Want Bankrupt Bitcoin Exchange’s Billions The former chief executive of what was once bitcoin’s largest exchange has again apologized for his role in the company’s 2014 collapse and demise into bankruptcy. In a Reddit post on Wednesday, Mark Karpeles issued a letter to the exchange’s users, many of whom have been locked in a years-long battle to retrieve funds lost by the exchange. In the letter, he struck back at the idea that he would personally benefit from how Japanese courts are likely to handle…

Mt Gox Trustee Denies $400 Million Sale Caused Bitcoin Price Slump

Mt Gox Trustee Denies $400 Million Sale Caused Bitcoin Price Slump 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mt Gox Trustee Denies $400 Million Sale Caused Bitcoin Price Slump The trustee overseeing the bankruptcy of the defunct Mt. Gox cryptocurrency exchange has denied being the cause of the decline in bitcoin prices since December 2017. In a Q&A report with creditors released on Mar. 17, Nobuaki Kobayashi discussed the recent sale of some $400 million-worth of bitcoin and bitcoin cash belonging to the Mt. Gox bankruptcy estate. “Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner…

Infamous Mt. Gox Villain Mark Karpeles Launches New Blockchain Venture

Infamous Mt. Gox Villain Mark Karpeles Launches New Blockchain Venture 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Mark Karpeles, disgraced CEO of the infamous Mt. Gox crypto exchange, has revealed new plans in the blockchain space. According to Associated Press, he will launch a new venture with a view to making Japan a “global leader in blockchain.” Karpeles was found guilty for manipulating data at Mt. Gox and handed a suspended sentence earlier this year. Now, he’s looking to dip his toes back in the water with a new blockchain business venture. Mark Karpeles: $450 million lost on his watch Karpeles shot to infamy in…

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in…

Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues

Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Yesterday, on March 9, CCN reported that the sell off of hundreds of millions of dollars, and the plan of the trustee to dump the remaining $1.7 billion worth of bitcoin into the market have caused the price of bitcoin to drop substantially in a short period of time. Bitcoin Drops Since March 7, within a 48-hour span, the price of bitcoin decreased from $10,600 to…