Karpeles ruled incompetent, but not malicious

Wei Lin

By Wei Lin

Cryptocurrency's original exchange-based psycho-drama gets a degree of resolution.

Former Mt. Gox CEO Mark Karpeles Gets Suspended Jail Term
"Mark Karpeles, a central figure in the early days of Bitcoin who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence. The former Mt. Gox chief executive officer sometimes mixed his personal finances with those of the exchange and fiddled with its accounts, apparently to hide the fact that the platform had lost money to hackers, the Tokyo District Court said on Friday. The court cleared Karpeles of embezzlement charges, concluding that the 33-year-old Frenchman had acted without ill intent."

Spotify files complaint with European Commission about the App Store, says Apple is giving itself an ‘unfair advantage at every turn’
"Spotify has filed a complaint with the European Commission regarding Apple’s App Store practices, the company announced in a blog post. Spotify says Apple’s App Store rules limit choice and stifle innovation. Spotify targets Apple’s 30% cut — it refers to as a ‘tax’ — as a key element of its complaint but also references rules about how Apple restricts third-party app developers from communicating with customers. Ultimately, Spotify wants Apple Music to be forced to abide by the same rules that Apple imposes on third-party apps."

Tether Now Admits Its Not Fully Backed By Dollars
"That claim has been replaced by the following word salad: 'Every Tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, 'reserves'). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD.'"

New ProgPoW for Stopping ASIC Mining on Ethereum Network Gains Support Within Community
"A new ProgPoW algorithm which has the potential to make Ethereum network resistant to ASIC mining recently started gaining a lot of support from ETH network participants. However, the new situation has also inspired a number of rumors, debates, and even conspiracy theories."

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year
"Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions."

CBOE halts Bitcoin futures, considering conceding market to CME
"In a press release from CBOE, the CBOE Futures Exchange (CFE) has decided to not add a Bitcoin (XBT) futures contract for March. The exchange is considering how it should approach the space with respect to its digital asset derivatives trading. According to the release, the CFE "does not currently intend to list additional XBT futures contracts for trading." The remaining futures listed on the exchange will continue to trade, with the last month contract currently for June expiration."

Security tokens: Misconceptions and Benefits
"The benefits of security tokens (also known as 'digital securities', 'smart securities' or 'programmable securities') for issuers and investors have been written about at length. However, the benefits described often confuse the benefits of crowdfunding and other existing market dynamics with those of security tokens. In this article, we will attempt to provide clarity around the benefits of security tokens issued by private companies relative to the current market for private securities and misconceptions around security tokens."

Internet vs Blockchain Revolution: Challenges in the Early Days (Part 3)
"Overall, it’s undeniable that the Blockchain industry has been making significant progress towards solving the challenges around scalability, cost, and education over the past few years. Although we are still early in this technological cycle, we are confident that Blockchain will mature in a similar fashion as the Internet, gradually becoming more scalable, affordable and practical for mass adoption."

Nuclear Is Required For Zero-Carbon Outcomes