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Former head of the bankrupt Mt. Gox Mark Carpeles during his closing speech at a Tokyo court called himself innocent of the events that caused the millions of clients lost and the company's collapse. It is reported by CoinDesk . Karpeles is accused of misappropriating approximately 340 million yen (more than $ 3 million) in Mt. Gox, as well as in fraudulent manipulation of exchange data. Speaking before the court, the ex-CEO apologized for not being able to save the users cryptocurrency from the hacker attack. At the same time, he stressed that he considers himself innocent of the charges…
Ethereum Creator (ETH) Vitaly Buterin expressed his negative opinion about Bitcoin SV (BSV), the recently branched version of Bitcoin Cash (BCH), calling BSV a “burning garbage can” (i.e. something that no one wants to get involved with). Although Buterin clearly expressed his disdain for Proof-of-Work (PoW) and generally disagrees with the Bitcoin roadmap, it’s obvious that he likes the technologies that are currently under development. But this positive opinion does not apply to Bitcoin SV, which claims to have been created in the original Bitcoin vision. Bitcoin SV also survived hard times in terms of adoption, as many major…
Dmitry Gurkovsky, leading analyst of RoboForex, tells about further possible scenarios for the movement of the price of Bitcoin and several popular altcoins. Christmas, New Year's Eve week in the cryptocurrency market is held under the motto: "We complete the correction – we continue to decline." But perhaps this is only at first glance. Until significant minima have been rewritten, we should not talk about strengthening the downward trend. However, to exclude the beginning of the development of a new impulse is also not worth it. The current technical picture on the market can still be described as a short-term…
Recent reports indicate that the Chinese giant crypto-mining Bitmain sacks up to 85% of its workforce, as the company feels the strong influence of the cryptocurrency bear market. While internal problems of Bitmain can create difficulties for the upcoming IPO of the company on the Hong Kong stock exchange, digital currencies on the Bitmain balance sheet may also be at greatest risk during this period. Kyle Samani, who is the co-founder of Multicoin Capital, stressed that Bitcoin Cash (BCH) and Litecoin (LTC) could suffer from significant bearish pressure, as Bitmain starts unloading its assets worth more than $ 200 million.…
The Malta Exchange OKEx announced the launch of a Ethereum-based cryptocurrency derivative – a perpetual swap. ETH PERPETUAL SWAP: We are launching the ETH perpetual swap at 1:00 pm Dec 26, 2018 (CET, UTC + 1). For LTC, ETC, XRP, BCH, and BSV, please stay tuned. #OKExAnnouncement https://t.co/ez47hty3Az – OKEx (@OKEx) December 26, 2018 Perpetual Ethereum swaps allow OKEx clients to trade leverage up to 40x. The face value of the contract is equivalent to $ 10. To determine the price of the swap in equal shares, the data of the exchanges Bitstamp, OKEx, Bitfinex, GDAX and Gemini in pairs…
According to the new media, the Indian authorities are supposedly able to legalize cryptocurrencies , but under tough conditions. According to an article in New Indian Express published on December 26, the interdepartmental commission created by the Indian government to study cryptocurrencies does not support the idea of a total ban on cryptocurrencies, contrary to what the media previously reported . A member of the commission, who was at all meetings of its members, spoke on condition of anonymity: “Among the experts, members of the commission, there is a consensus: we believe that cryptocurrency cannot be outlawed. They should be…
Since its inception in 2011, Litecoin (LTC) has always been one of the most sought-after cryptocurrencies. This digital currency attracts with its stability, because it confidently holds in the top ten best cryptocurrencies, not to mention the fact that the network is almost four times faster than the Bitcoin network . Despite the fact that Litecoin was created as an improved version of Bitcoin with block verification every 2.5 minutes (instead of 10), the cryptocurrency still uses the PoW algorithm (proof of operation). Like Bitcoin, the coin also needs to be minted, which becomes more efficient due to joining the…
The head of the Binance Cryptocurrency Exchange, Changpen Zhao, decided to share with the whole crypto-community a special message that contains his thoughts on the cryptoindustry, its results for 2018, and plans for the near future. The letter analyzed the failures and successes of the company, announced prospects for the next year. Difficult year for the whole crypto industry First of all, Zhao considers the negative moments of the outgoing year : The sharp drop in prices for all cryptocurrency assets. Many ICO projects have not implemented their plans for 2018. Some exchanges were hacked by intruders. Lack of regulatory…
The Russian Association of Cryptoindustry and Blockchain (RACIB) has made the TOP-10 experts who have the greatest influence on the formation of the legal status of cryptoeconomics in Russia in 2018. The final list is organized alphabetically. It includes those persons who were the protagonists of the new digital economy. 1. Anatoly Aksakov , Chairman of the State Duma Committee on the Financial Market The main "engine" of the legislative process aimed at regulating the market for digital financial assets. It proposes to actively use innovative digital elements in the traditional economy, in particular to attract foreign investment. 2. Tatiana…
