In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL AdministrationIn this edition of The Daily we cover the latest protocol upgrade to privacy coin monero (XMR), a new feature for traders using Revolut, and the blockchain-based corporate settlements platform SETL appointing administrators for the business. Also Read: Online Bank Swissquote to Add Crypto Custodial Services Monero Undergoes Protocol Upgrade The Monero development team has […]

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Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized

Mt Gox CEO Claims the Deals With Coinlab and Brock Pierce Never MaterializedOn Feb. 19, the former CEO of Mt. Gox, Mark Karpeles, gave an interview on the Youtube show “What Bitcoin Did”. In episode 76, Karpeles discussed the platform’s insolvency, Coinlab’s monstrous claim for $16 billion, and Brock Pierce’s attempt to revive the defunct exchange. Also read: Mt Gox Restitution Process Frozen Due to One Man’s […]

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Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

Canadian Crypto Exchange Files for Bankruptcy After CEO Dies With Wallet KeysDeath is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of […]

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Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time

Former Mt Gox CEO Reflects on Incarceration in Japan, While Facing More Prison TimeThe infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. […]

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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]

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Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Former Mt. Gox CEO Faces 10 Years in Jail Over Embezzlement in JapanJapanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […]

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