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The former CEO of the now-defunct Bitcoin exchange Mt. Gox has received a suspended jail sentence after being found guilty of tampering with financial records. Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. The news was reported by Bloomberg on March 15. The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of the exchange in order to conceal the platform’s losses to hackers. He received a two and a half years jail sentence, which he will not have to serve unless he commits another offence within four years. The court however acquitted Karpeles of alleged embezzlement stating that: “The charge of electronic record tampering is true and deserves punishment, but there’s no criminal evidence of embezzlement.” As previously reported, Mt. Gox was hacked in 2011, with around 24,000 creditors reported to be..
There has been yet another record-breaking win at BitStarz Casino as a player wins $1.35 million! Over the past few weeks, there has been a constant stream of big winners coming from Bitstarz. At the beginning of February, a player won a cool $65,000 from a single spin on Fantasy Park and then another player won a massive $350,000 only a couple of days later! This time around, the win is enormous as one lucky player scooped a BitStarz record-breaking $1.35 million from a single spin on Slotomon Go! Big Wins GaloreSlotomon Go has been a fan favorite ever since it launched, drawing in players from all around the globe. If you’re a fan of the Pokémon Go adventure game, you will simply love Slotomon Go. Your objective is to hunt down a group of monsters that are plaguing the reels. Every time you capture a set of monsters, their mug shots will appear in a digital display along with the bounty for capturing them! Played over 5 reels with 40 paylines, the wins just keep on coming! With a Fab..
Stellar Lumens price has been pretty impressive lately. The news around the digital currency has helped to boost its value over the weekend. It has created a kind of bull run that the digital currency is riding on. Stellar Lumens (XLM) has been on a steady upward movement for the past three days. Some analysts have also given their price prediction about the future of the coin. The recent stellar lumens price surge also resulted in an increase in its trading volume. Some trading platforms recorded huge XLM trading volumes. ZB.com saw the highest Stellar Lumens (XLM) trading volume over the weekend. ZB.com is a China-based digital currency trading platform. Previously, the exchange has been accused of wash trading activities. The second largest trading volume was seen by Exrates. Whereas, the third largest XLM trading volume over the past 24 hours was posted by Binance. Here’s Why Stellar Lumens Surged by More Than 11 Percent Over the Weekend Stellar Lumens (XLM) price started correc..
Sony Global Education, Fujitsu and Fujitsu Research Institute are to trial blockchain technology for improving the integrity of course records and grade data. The education units of Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu are to trial blockchain technology for improving the integrity of course records and grade data. The news was officially reported in a press release from Fujitsu today, Feb. 27. The pilot comes via a joint venture between Sony Global Education, Inc., Fujitsu Limited, Fujitsu Research Institute and Human Academy Co., Ltd. — the latter being a language school for foreign students in Japan. Prospective foreign students participating in the blockchain trial will complete a course, “Nihongo Dojo,” which prepares them to pass the Nihongo Kentei, a Japanese language proficiency test. For the joint initiative, Fujitsu will provide its proprietary digital learning platform, dubbed “Fisdom,” for participating students. The IT giant will ..
Cryptocurrency markets have seen mixed signals, with most top coins recovering after yesterday’s dive and Bitcoin hovering around $3,900. Monday, Feb. 25 — cryptocurrency markets are seeing mixed signals as of press time, with some of them reporting a bit of recovery from the nosedive they took on Feb. 24, while others continue to slip downward. Market visualization by Coin360 The leading cryptocurrency Bitcoin (BTC) is up 1.4 percent over the last 24 hours, and is trading at around $3,884 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $3,807, while the intraday high reached $3,912. In terms of a weekly view, Bitcoin his down less than one percent, with $4,209 as its highest price point on Feb. 23, after which the coin slumped to around $3,806. Bitcoin 7-day price chart. Source: CoinMarketCap Earlier today, Berkshire Hathaway CEO Warren Buffett defined Bitcoin as a “delusion” and said that it attracts “charlatans.” He said that “you can st..
On-chain transactions of Ethereum hit an all-time high in December 2018, according to a report by crypto analytics firm Diar. The on-chain transaction value of Ethereum (ETH) hit an all time high in December 2018, crypto analytics firm Diar reports on Jan. 21. On-chain transaction levels of the third largest cryptocurrency reached 115 million in December 2018, an all-time high excluding the activity following a hard fork caused by the DAO hack in 2016. Dair stated, “In terms of transaction count on-chain the ‘super computer’ has found stability since October bobbing between 16–17 million monthly transactions.” On-Chain Ethereum transaction Volumes. Source: Diar Conversely, the United States dollar value of the on-chain transactions is at a 22-month low. U.S. dollar value on-chain last year was $815 million, down from $1.1 billion in 2017. Diar further states: “A 97 percent drop in on chain transaction value from peak in January versus December 2018 was by and large the cause of an 80..
According to a recent report by Diar, 2018 saw a significant increase in trade volumes on crypto exchanges. Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14. In its report, Diar notes that both the number of trades and the trade volume have increased on major crypto exchanges in 2018, compared to 2017 figures. The firm predicts that 2019 will see lower figures for spot markets than in 2017, despite the likely increase in the variety of traded cryptocurrencies. According to Diar’s data, the combined trade volume of the USD markets on major United States crypto exchange Coinbase increased by 21% in 2018 versus 2017. Over the same period, exchanges Kraken and Bitfinex saw increases of 192% and 50% respectively. In addition to growing trade volumes, Coinbase reportedly registered a 14.1% increase in the number of trades: from 82.7 million deals in 2017 to 94.4 million in 2018. Diar has also analysed ..
The turmoil the cryptocurrency market has been facing over the last few months is no secret. Prices of all cryptocurrencies have been falling significantly against the USD. Bitcoin (BTC), last week, reached a yearly low of about $3200. While some analysts claim this was the bottom, some others believe that this is just the beginning. Another group of speculators believe that the industry has met an untimely end. As expected, the price of other cryptocurrencies have been moving in line with the price of BTC. The market capitalization of all cryptocurrencies has fallen by over 60% from its all time high. With no sign of a recovery in view, it’s safe to say that the bears might remain in control of the market until next year. It’s Not All Bad News Even if there is a lot of negative vibe in the market at this time, stablecoins are benefiting. Reports from Diar, a research firm, showed that stablecoins are recording a tremendous increase in adoption. Apparently, the increase in the number ..
South Korea’s Shinhan Bank wants to reduce human error in its processes as part of a multi-phase hook-up with blockchain technology. South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the past eighteen months, also completed a staff training program to increase knowledge of blockchain for various applications. According to The Korea Times, the bank implemented interest rate swap transactions using the technology on Nov. 30 in what it called a “first” for a South Korean lender. Now, operations such as financial record-keeping are set to become automated, removing the chances of human-based mistakes and enhancing overall efficiency. “Prior to the blockchain-based process, there had been no standar..
Toronto-based Bitcoin mining company Hut 8 has seen record high revenue in the third quarter of 2018, which reached $13.5 million, with $27.7 for the nine months ending on Sep. 30. Canadian Bitcoin (BTC) mining company Hut 8 has reported record revenue in the third quarter (Q3) of 2018, according to the company’s quarterly financial report published Nov. 8. Hut 8, which claims to be “the largest” public crypto mining company by operating capacity and market capitalization, has revealed its financial results for Q3 of this year, stating that its revenue reached a record high $13.5 million for Q3, and $27.7 million for the nine months ending on Sep. 30. Revenue increased by 126 percent compared to the previous quarter revenue of $5.9 million. Hut 8 attributed the increase to its deployment of 16 Bitfury BlockBoxes in September at its mining facility in the City of Medicine Hat, for an aggregate of 56 BlockBoxes at that site. Each BlockBox contains 176 mining servers and reportedly has a..
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