Mt. Gox’s Mark Karpeles Found Guilty Producing Illegal Records, Gets Suspended Term

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Mt. Gox’s Mark Karpeles Found Guilty Producing Illegal Records, Gets Suspended Term
Mark Karpeles, who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange Mt. Gox, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence.
Mt. Gox’s Mark Karpeles Found Guilty Producing Illegal Records, Gets Suspended Term

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Source: CoinSpeaker

Brock Pierce Set to Make Mt. Gox Great Again, and Here’s How

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Brock Pierce Set to Make Mt. Gox Great Again, and Here’s How

Brock Pierce wants Mt. Gox creditors to receive 100 percent of whatever they’re owed. He’s also fought with former Mt Gox CEO and majority shareholder Mark Karpelès on Twitter about the feasibility of his plan and whether it’s even legal.

Brock Pierce Set to Make Mt. Gox Great Again, and Here’s How

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Source: CoinSpeaker

MtGox Currently Controls Bigger Bitcoin Market share than the Gold Reserves of the Swiss Central Bank

Bitcoin has been characterized as the digital gold that according to some bitcoin proponents is better at being gold than gold itself. Bitcoin is also predicted to surpass the $8 trillion market cap of gold and emerge as the store of value.
Now, Tuur Demeester, the Founding partner at Adamant Capital, has calculated the Bitcoin circulating supply in equivalence of Central banks’ gold reserves and shared the following data.

“The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin equivalent of the Dutch gold reserve) it would only need to sell 1% of its gold, i.e. 492 gold bars,” shared Demeester.
He further did a comparison of the Bitcoin still left with Mt Gox with that of the central banks’ gold reserves.
“Allows for fun comparisons, e.g.: The MtGox Trustee currently controls 137,891 BTC, which is bigger in terms of market share than the gold reserves of the Swiss central bank.”
Currently, a group of Mt. Gox creditors has banded together to create a movement called “GoxRising” with the goal of reviving the exchange and present a detailed Civil Rehabilitation plan.
The movement has been proposed by Brock Pierce who reportedly bought 12 percent stake owned by Jed McCaleb, founder of Mt. Gox for 1 BTC. “We have the rise, the fall, and it’s been in liquidation and bankruptcy in Japan for over five years. But the story is not over,” Pierce had been quoted as saying,
“Like Game of Thrones, the last season of Mt. Gox hasn’t been written. What kind of ending do we want to make for it? I’m a Joseph Campbell fan, so I’m obviously going to go with a hero’s journey, with a rise and a fall, and then a rise from the ashes like a phoenix…”
Reportedly, Pierce has no interest in the past gains of Mt. Gox but wants a happy ending of this story. Pierce also wish to start a new chapter by relaunching Mt. Gox. He further plans to offer its 20,000 creditors a stake in the future of the company.
The post MtGox Currently Controls Bigger Bitcoin Market share than the Gold Reserves of the Swiss Central Bank appeared first on Coingape.
Source: CoinGape

Famous VC Brock Pierce Unveils His Unbelievable Plan to Remedy Notorious Mt. Gox Theft

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Famous VC Brock Pierce Unveils His Unbelievable Plan to Remedy Notorious Mt. Gox Theft

Pierce charts the new plans of repaying the Mt. Gox victims through the creation of a new company under the same brand and its native cryptocurrency Gox Coin.

Famous VC Brock Pierce Unveils His Unbelievable Plan to Remedy Notorious Mt. Gox Theft

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Source: CoinSpeaker

Tron [TRX] did a Great Job of Building Community and Attracting Developers: Bitcoin Foundation Chairman

Brock Pierce, Bitcoin Foundation’s Chairman and co-founder of the EOS Alliance praises Tron for its efforts that are “required for a blockchain to be successful,” while Tron achieved big numbers in terms of increased transactions, accounts, and Dapps.
Tron Surpasses 200 Million in 38 Days after the First 100M
Recently, Tron had its niTROn Summit 2019 where they made a lot of promises and claims to its community. Marcu Zhao, the head of the Tron public chain declared that Tron, “will listen to the community to achieve the decentralization of developing team and attract more developers to join us.”
In the meantime, Tron made a lot of development as Tron enthusiast Misha Leaderman took to Twitter to share,
“TRON has reached 6,000,000 Block Height. Two days after the hugely successful niTROn Summit, TRX has: surpassed 1,5 million accounts, 163 DApps at dapp review, outperformed all other top 10 coins, announced BitTorrent BTT Airdrop plan, and announced BitTorrent speed.”

Blockchain and Fintech Analyst, Gordon also shared another milestone that Tron achieved in terms of 200 million transactions.
“TRON just surpassed 200 Million Transactions. The first 100M took 173 days. The second 100M took just 38 days! That is 455.26% faster than the first 100M. Absolutely incredible! Congratulations to Justin Sun and the entire TRON Community.”
Ethereum’s Scalability Issues & Tron’s “Great Job”
While Tron is making a lot of noise in the crypto space, Brock Pierce, the current Chairman of the Bitcoin Foundation and co-founder of the EOS Alliance responded to “Thoughts on #TRON as a contender” with,
“Tron has done a great job of building community and attracting developers. Those are two of the most important attributes required for a blockchain to be successful.”
Peirce’s praise of Tron’s marketing efforts came after talked about Ethereum’s scalability issues in a recent chat with CryptoTrader Ran NeuNer,
“If Ethereum does not solve the scaling this year then there will be a problem. The market is not going to wait for them to catch up, especially with all the generation 3 blockchains coming up. EOS is currently the number two chain in terms of developers with a lot of runway. It also helps in having the most advancement form of solving scalability issues.”
Pierce also spoke about the fall of Mt. Gox and the effect it has now on the market, “The fall of Mt.Gox incurred massive reputation damage and the feeling that it propagated throughout the industry was crazy. People thought that since Mt.Gox got hacked, Bitcoin must be unsafe too. We need to create safer and better practices in the field.”
Just like the majority of the crypto experts, Pierce believes this year is going to be about Buidl and though he stated that he “rarely make predictions,” he shares by the end of this year, “we will see apps built on the blockchain that will have a million users.”
The post Tron [TRX] did a Great Job of Building Community and Attracting Developers: Bitcoin Foundation Chairman appeared first on Coingape.
Source: CoinGape

EOS’s Brock Pierce: Ethereum [ETH] will be in trouble if it does not solve scaling issue this year

The cryptocurrency market’s roller-coaster movement has been noted by a lot of proponents in the space, with many predicting the bearish behavior to last for more time. In a recent chat with CryptoTrader Ran NeuNer, Brock Pierce, the current Chairman of the Bitcoin Foundation and co-founder of the EOS Alliance, spoke about the fall of Mt.Gox and the behavior of the cryptocurrency market right now.
Pierce stated that Mt.Gox being one of the first major cryptocurrency exchanges had a lot riding on it and its fall sent shockwaves across the industry. He said:
“The fall of Mt.Gox incurred massive reputation damage and the feeling that it propagated throughout the industry was crazy. People thought that since Mt.Gox got hacked, Bitcoin must be unsafe too. We need to create safer and better practices in the field.”
The EOS Alliance co-founder was also of the opinion that custodial issues need to be solved and that twenty nineteen will be the year of BUIDL. Pierce added 2018 was the year of HODL while 2017 was when the term ‘lambo’ came into the fore. According to him, it is very difficult to retain people in a bull market. He then gave his comments on the scalability issue persistent among a lot of cryptocurrencies. In his words:
“If Ethereum does not solve the scaling this year then there will be a problem. The market is not going to wait for them to catch up, especially with all the generation 3 blockchains coming up. EOS is currently the number two chain in terms of developers with a lot o runway. It also helps in having the most advancement form of solving scalability issues.”
Brock Pierce informed users of exclusive information related to DApp token. He said that Bancor and Liquid EOS will solve the RAM and CPU issues probably by February. He focused his discussion on the effect of communities in the cryptocurrency space, citing “community is everything, technology comes later”.
Looking at the new year, Pierce opined that the sectors of adoption and the fundamental building is on the right path, and in some cases at its peak. He closed the discussion by adding:
“I rarely make predictions but I have a feeling by the end of this year we will see apps built on the blockchain that will have a million users.”
The post EOS’s Brock Pierce: Ethereum [ETH] will be in trouble if it does not solve scaling issue this year appeared first on AMBCrypto.
Source: AMB Crypto