Bitcoinist Weekly News Re-Hash: Karpeles Charged, Russia Bans Porn
Much like last week, this past week saw almost no price activity until the very end, when the markets took a rather sharp, downwards turn. Considering that there were no changes to Bitcoin fundamentals — such as market-moving news, major hacks, or positive innovations — it is highly likely that the late-week price drop came from speculators. The week began on Monday, September 7, with the Bitcoin price at $240.88. Market activity was fairly quiet on Monday, although the Bitcoin price had a gradual, upward slope for the entirety of the day. By noon, the price had slightly climbed to....
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Mark Karpeles, the CEO of failed bitcoin exchange Mt Gox, has been charged with embezzlement by Japanese prosecutors. Reports suggest Karpeles remains in the custody of Japanese police but has the option to request his release from the court while he awaits trial. The news comes after Karpeles was re-arrested in Tokyo at the end of August on allegations that he had embezzled ¥321m ($2.6m) from the company to fund his own personal projects. Karpeles was first arrested in Tokyo on 1st August amid allegations that he had manipulated volume on the now defunct bitcoin exchange. CrimeMark....
The notorious Mark Karpeles, CEO of Mt Gox, was released on bail yesterday after paying nearly $100,000 prior to being released, according to Japanese media. In 2014, the now-defunct bitcoin exchange, Mt Gox, collapsed after it was reported that it had lost hundreds of millions of dollars in customers bitcoins. Karpeles can’t leave Japan. According to Japanese news outlet, News24, Karpeles paid around $100,000 with the condition that he wasn’t to leave Japan once on bail. Since the collapse of Mt Gox, Karpeles was reportedly arrested twice last year in connection with the investigation....
For some individuals, purchasing porn is just out of the question. Why pay for it when you can watch it in 240p resolution at YouTube-porn-clone? Even if you are willing to pay, who's going to take the chance of having a strange charge pointed out by their spouse on their next credit card statement? Awkward. Here's where bitcoin comes in. Porn.com - very aptly named, we must say - says they're now accepting bitcoin for their properties, which we will refrain from naming in order to keep a level of decency. The site is partnering up with BitPay to make it all come together, which leads us....
Mt Gox CEO Mark Karpeles has been released on bail 10 months after being charged with embezzlement, according to a Japanese media report. Karpeles was charged in September amidst an investigation into the collapse of Mt Gox, the now-defunct bitcoin exchange that, at its height was the most voluminous bitcoin exchange in the world. Mt Gox collapsed in early 2014 after it was revealed that the exchange had lost hundreds of millions of dollars in customer bitcoin. According to local Japanese media outlet news24, Karpeles paid ¥10m (roughly $95k) prior to being released on bail. Karpeles is....
Early reports indicate that the Tokyo District Public Prosecutors Office has indicted Mark Karpeles, the CEO of the collapsed bitcoin exchange Mt. Gox, with embezzlement. These formal charges follow months of allegations of fraud, which culminated in Karpele's arrest by the Tokyo Metropolitan Police. Karpeles was arrested on August 1st but had not been formally charged until today. Liquidations proceeding for Mt. Gox are ongoing and a report detailing creditors claims of $22 billion against the company was released earlier this week. Mt. Gox filed for bankruptcy in February 2014, citing....