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After Losing $6 Billion, Former Mt. Gox CEO Doesn’t Believe in Bitcoin

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Recently the much-maligned Mark Karpeles took to Reddit where he posted a prepared statement and then answered questions in a not quiet Ask Me Anything forum. In it, he addressed the “failure” of Bitcoin and personal redemption to a mostly unsympathetic audience, after losing $6 billion worth of it.

Karpeles Takes to Reddit in an Almost AMA

Karpeles who may be the most reviled person in the cryptocurrency world posted his lengthy statement which described briefly the collapse of Mt. Gox, the following Bankruptcy and legal matters which have so far cost him a year in jail and the future payments he says he wants to make in order to reimburse those who lost funds in the Hack.

In 2014 Mt. Gox, located in Japan, was the largest Bitcoin exchange in the world when it lost 650,000 Bitcoins to hackers. In the ensuing collapse of the exchange accusations of conspiracy and theft were bandied about while the company moved into Bankruptcy and Karpeles was locked up.

In the years since Mt. Gox has taken on a kind of legendary status as an example of what can go wrong in cryptocurrency. Recently the trustees of the Mt. Gox estate have been blamed for causing extreme price drops in Bitcoin as they have dumped large amounts on the market in order to pay off creditors of the exchange.

In his statement, Karpeles  who once handled billions of dollars in Bitcoin and became rich doing so wrote that he no longer personally owns any cryptocurrency, that Ether is “too untested” and that  “The technology is definitely here to stay, but Bitcoin may have trouble evolving and keeping up,” as was reported by Bloomberg.

No Longer Believes in Bitcoin

One of the main issues he addressed in the Reddit statement was what he might do with the potential billion-dollar windfall that may come to him once creditors are paid off as a peculiarity of Japan’s Bankruptcy law.

He states that he doesn’t want these instant riches and intends to pay off the 24,000 people who lost their Bitcoin in the hack. He went on to write,

  “I just want to see this end as soon as possible with everyone receiving their share of what they had on MtGox so everyone, myself included, can get some closure.”

Karpeles remains on trial in Japan and may face more years behind bars if convicted. He told readers on Reddit that once the Mt.Gox situation is finally behind him he would like to return to the life of an engineer, though not necessarily for a cryptocurrency startup even if any would have him. Also, if there is ever a movie made of the Mt. Gox meltdown he would like to be played by Jack Black.

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Digital commodities exchange Emirex introduces Bitcoin SV trading pairs

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Bitcoin SV

Emirex, the Dubai-based digital commodities exchange, today announces that it has officially introduced support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USDT and BSV/EUR trading pairs are listed and available for use. Emirex will also introduce a BSV/AED trading pair at a later date, which will be the first direct BSV/AED pair available in the market.

Demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services, in addition to functioning as a popular payments rail due to its fast transaction times and very low transaction fees (sending a Bitcoin SV payment costs only 1/100 of a U.S. cent).

While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV – within a regulatory compliant environment. Customers can fund their accounts using Visa, Mastercard, and Maestro, in addition to EUR SEPA transfer. USD, EUR and AED options via SWIFT transfer will also be available soon.

Speaking on the introduction of Bitcoin SV, Emirex CEO Grigory Rybalchenko, commented:

“Our cooperation with new projects is of high importance for our business performance. Today, we welcome the engagement with Bitcoin SV. It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience.”

Welcoming today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association – the global industry organisation which works to advance business on the Bitcoin SV blockchain – said:

“As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV.  Emirex has an exciting roadmap forward with expansion planned through the Middle EastAfrica and Europe – a journey that we are delighted Bitcoin SV will be a part of.”

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MyBTC.ca Now Let’s Canadian’s Buy Bitcoin with Credit Cards Instantly

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Bitcoin is showing strong signs of going parabolic before Christmas. As a result, thousands of Canadians are scrambling to buy a stake in the world’s favorite cryptocurrency. Doing so is also easy, thanks to MyBTC.ca now making it possible to buy Bitcoin with credit cards in Canada in a matter of seconds.

Being Able to Buy Bitcoin with Credit Cards in Canada is a Big Deal

Buying Bitcoin in Canada hasn’t always been as easy as you might think. Even today, Canadian’s who use international exchanges like Coinbase often have to wait for 2-weeks to have exchange accounts verified. This is why the past year has seen local exchanges like MyBTC.ca skyrocket in popularity.

Sadly, even when using local exchanges, paying for Bitcoin via bank transfer can still take up to 24-hours. Now, though, this is no longer the case.

How to Buy Bitcoin with Credit Card or Debit Card Instantly

Starting in time for this year’s Bitcoin bull run, MyBTC.ca has launched a new instant credit and debit card Bitcoin  payment portal powered by Simplex.

  • Buying Bitcoin is now as easy as entering the amount of BTC you want to purchase, followed by your Bitcoin wallet address.
  • After one-time identity verification with Simplex, all transactions settle instantly.

Now Canadian’s Can Buy Bitcoin Instantly at Current Market Rates

Until now, one of the only ways to buy Bitcoin instantly in Canada has been via Bitcoin ATMs. Sadly, Bitcoin ATMs charge high-fees. Using ATMs can pose more than a few physical security risks. Thankfully, Canadians can now buy Bitcoin instantly at current market rates, right from the comfort of their own smartphone. Don’t get left behind by the next Bitcoin bull run. If you are in Canada, visit MyBTC.ca now to buy Bitcoin faster, more securely, and more affordably, than at any other exchange.

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Genobank Surpasses $418K in Crowdfunding to Launch the First Ever Anonymous DNA Test Kit

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Genobank

Genobank.io, the first ever anonymous, privacy-preserving DNA extraction kit announced that it has reached $418,000 in crowdfunding from over 1,400 investors around the world. The crowdfunding opportunity allows a majority of the world’s population to invest as little as $100 in the company in exchange for equity. The investment will enable Genobank.io to offer their DNA test kits to be branded and sponsored by key research institutions. This news is joined by the announcement that Genobank.io has been awarded a $50K grant by VC fund Block.one to use its technology in facilitating anonymous access to COVID-19 testing.

Genobank.io is dedicated to helping individuals in claiming ownership over their exclusive genetic variants while making them available for analysis. According to a study from KPMG, about 65% of people who are interested in taking a DNA test have worries about privacy. For the first time ever, Genobank.io allows individuals to have their DNA encrypted & stored with confidence and have the option to be compensated by participating in genome-guided clinical trials or health studies using a Blockchain based data wallet.

“In 2017 my son was diagnosed with a rare genetic disorder caused by a mutation in his DNA. After looking into various personal genetics companies, I was alarmed at the control they would have over my sons precious DNA. This motivated us to create a solution that puts the power back into consumers hands.” – Daniel Uribe, CEO, Genobank.io

The company’s patent pending technology leverages blockchain and differential privacy to guarantee consumers security and control over humanity’s most precious asset: our DNA. In June 2020, the British Blockchain Association approved and published groundbreaking research that was conducted by Genobank.io’s CEO, Daniel Uribe and Gisele Waters, PhD: “Privacy Laws, Genomics and Non-Fungible-Tokens”.

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World’s Largest Art Auction for Covid Relief to Close With Speech by Bitcoin Pioneer

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Bitcoin Pioneer

Art&Co., the world’s largest online auction for supporting charities addressing the five D’s of the Covid-19 virus:, Death, Disease, Depression, Domestic Violence and Disproportionality for ethnic minorities, will mark its closing today with a speech by crypto-currency pioneer Brock Pierce about philanthropy and art as collectible investments. Fineqia International Inc. (“the Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is among Art&Co.’s founding partners.

Pierce is an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. A noted philanthropist, he is also credited for pioneering the market for digital currencies and co-founding Blockchain Capital, the EOS Alliance and Tether.

255 pieces of art are being auctioned to bidders from across the globe by Art&Co. Funds raised are being shared by seven registered charities and 46 artists who have come together in the fight against Covid-19. Worldwide infections are approaching 10 million, with nearly half a million deaths, according to the World Health Organization. The United States, Brazil, Russia, India and the UK top the countries most affected.

“Covid represents a clear, present and global danger,” said Brock Pierce, founder of the Puerto Rico based non-profit Integro Foundation. “There’s no time like the present to fight this danger.”

Pierce will be live online at ArtandCo.net/Live on Saturday June 27, at 5 PM UK/12 PM NY time. The auction will end at 7 PM UK/2 PM NY time.

“Brock has a knack for spotting early opportunities,” said Bundeep Singh Rangar, Art&Co.’s Founder and Fineqia’s CEO. “He’ll share his picks live on screen, among works from emerging artists in the collection.”

Fund’s raised from InsurAid’s Art&Co. project will go to artists and seven registered charities: ICU Steps (https://www.icusteps.org/), The Care Workers Charity (https://www.thecareworkerscharity.org.uk/), Khalsa Aid International (https://www.khalsaaid.org/), Race on the Agenda (ROTA) (https://www.rota.org.uk/), Painting Our World in Silver (http://www.silvercharity.org/), Solace Women’s Aid (https://www.solacewomensaid.org/) and Za Teb (“For You”) (https://zateb.org/). Charities have welcomed the Art&Co. initiative by PremFina’s InsurAid unit as contributions have dried up, due to the lockdown.

London-based insurtech firm PremFina’s shareholders include global investors Rakuten Capital, the investment arm of Japan’s Rakuten, the UK’s Draper Esprit Plc, backed by Silicon Valley billionaire Tim Draper, Thomvest Ventures, the venture capital firm of Canada’s Peter Thomson, whose family is known for its namesake Thomson Reuters Corp., Emery Capital, Talis Capital and the company’s founder and CEO.

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Crypto Experts Reveal Thoughts: How Will Bitcoin Perform After the COVID-19 Crisis Has Passed?

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COSS

To educate Crypto-enthusiasts and prepare them for upcoming market conditions, a group of well-respected crypto experts brought together by Investoo Group has expressed their thoughts on the recent COVID-19 crisis, and its effect on the global crypto markets. The COVID-19 pandemic has had an unprecedented impact on our daily lives, our ability to interact and our financial structures and security. Blockchain technology has been around for over a decade, and there are now thousands of projects that seek to utilize its limitless potential to solve some of the world’s most pressing issues.

Coin Journal has assembled a veteran team of experts in the field of cryptocurrency and financial technology, to gain some valuable insights into what the world may look like after the COVID-19 pandemic has passed. Globally, we can only hope that containment of this danger is now within our grasp, but we can only speculate to the long-term impact that it will leave in its wake.

Heavyweight Opinion

The panel is headed by Yoni Assia, the CEO of the world’s largest social investment network, eToro. Yoni also brought his market analyst and renowned crypto expert, Simon Peters to the table. The next to join the team, Ciara Sun, is currently employed as the Head of Global Markets at Huobi Group, a global blockchain financial asset service provider. The panel also has the founder of virtual currency platform, Coincurve, and CEO of Interlapse, Wayne Chen. Finally, the panel would not be complete without the 15-year veteran of Wall Street technology and CEO of BSV blockchain service provider, TAAL; Mr. Jerry Chan.

They discuss the potential effects of unlimited quantitative easing, the need for a Universal Basic Income (UBI), and how blockchain technology can be a tool for research teams to interact with transparency on a global scale. The team reveals evidence that shows how cryptocurrency stands resilient against the economic downturn caused by social distancing measures and the closure of businesses that have succumbed to the strain.

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Swapzone Add Bitcoin SV (BSV) Capacity

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Bitcoin SV

Almost every week more and more exchanges, aggregators and projects are using BSV. Swapzone is an exchange aggregator working with non-custodial instant cryptocurrency swap services. They now also list BSV, one of the best performing assets of any kind over the last year.

Inevitably, as a result, demand for BSV has increased. The reason for BSV‘s popularity among business users is simply that it has been designed to scale and can process thousands of transactions a second and also store huge amounts of data on its immutable blockchain with very low fees.

Currently, Swapzone’s service supports over 300 assets for swaps at best rates and operates through 10+ partnering platforms like Changelly, SimpleSwap, Godex and ChangeNOW.

Swapzone’s aim is to provide as much information on cryptocurrency swap rates and services as possible, all in one convenient interface.

Swapzone features:

  • Non-custodial
  • No registration or account creation needed
  • Wide range of coins and tokens to choose from (includes Stablecoins)
  • Multiple exchange partners with the possibility to choose among services
  • Exchange offers sorted by the best rate

Jimmy Nguyen, Founding President of the Bitcoin Association, commented: “Its always great to see businesses identifying the value in listing and using BSV. I’ve long admired Swapzone’s model and think that BSV will be a popular commodity for both them and their customers.”

Maria Carola, Marketing Advisory, Swapzone added: “We strive to have the most comprehensive offering in the market and never sit still as we lookout for what our customers need and want so adding BSV was a natural progression for the business.”

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Bitcoin Association Opens Registration for Third BSV Hackathon

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Bitcoin Association

Bitcoin Association officially announces and opens registration for its third BSV Hackathon competition for developers, with $100,000 in cash prizes (payable in Bitcoin SV) staked for the winners. Following two successful Hackathons in 2019, Bitcoin Association is once again delighted to partner with leading enterprise blockchain development firm nChain, as well as digital currency conglomerate CoinGeek to organize this third competition.

BSV Hackathons are global coding competitions for developers. Within a set frame, entrants (which can be individuals or teams) are tasked with developing an application on the Bitcoin SV blockchain within the parameters of an overarching theme announced at the commencement of the competition.

Registration is free and open now. This 3rd iteration of the BSV Hackathon will look a little different from past editions. As with prior competitions, there will be a virtual competition period, but it will last almost two months rather than just over one weekend. The virtual competition commences on June 23 and ends August 18. This longer competition period allows entrants to take advantage of their extended time at home during current COVID-19 self-isolation periods, and conceptualize, design and build a more complete project.

Entrants will be provided with access to a digital platform designed to facilitate collaboration between team members, as well as experts from nChain and even fellow competitors who will be available to provide advice throughout the competition period.

Following the virtual competition period, three finalists will be selected by a panel of expert judges. The finalists will present their submission at the CoinGeek New York conference (anticipated to be in New York in October 2020) for final judging. Normally, a representative from each finalist entry is flown to the CoinGeek conference city to make their presentation in front of the live conference audience. Given event and travel conditions due to the COVID-19 pandemic, Bitcoin Association will evaluate later whether finalist presentations will happen live or through online video.

The winner will walk away with a $50,000 prize, with $30,000 for second place and $20,000 for third, all paid in Bitcoin SV.

Jimmy Nguyen, Founding President of Bitcoin Association, commented on the announcement, saying:

“It’s extremely exciting for Bitcoin Association to kick off our third BSV Hackathon, following months of work from our team planning for the competition. Developer training is a core element of Bitcoin Association’s work and the BSV Hackathons provide a fun opportunity for developers to test themselves and learn more about building applications on the Bitcoin SV blockchain, all the while competing for some serious BSV prizes. We encourage all developers – whether you have worked on other blockchain platforms or have no blockchain experience at all – to compete in this Hackathon and build with us on BSV.

Past entrants have used the BSV Hackathon as a platform from which to build and develop not only innovative solutions, but real businesses – as finalists have the opportunity to be considered for investment if their projects can sustain a business venture. Now that Bitcoin SV’s Genesis upgrade has restored the original Bitcoin protocol and massive scaling continues on BSV, I’m looking forward to seeing what creative developers can build using the technical power inherent in the original Bitcoin and the massive scaling capabilities of BSV.”

Steve Shadders, CTO at nChain, also spoke, saying:

“The BSV Hackathons are a great point of entry for developers interested in developing blockchain applications. They’re an exciting time for us here at nChain too – we’ll once again be responsible for the technical elements of the competition, with our team providing support and development assistance throughout the competition. We’ve seen some excellent ideas come to fruition as a result of the first two BSV Hackathons and I’m sure that with the longer time frame for this third competition, we can expect many more to emerge this time around.”

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BitDeer.com Pioneers Annual Wet Season Festival

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BitDeer

On 21st April 2020, BitDeer.com is launching the first annual wet season festival, bringing altogether eight of the biggest names in the industry to bring an array of promotions on an all-inclusive platform to bring promotional offers and freebies amounting up to USD 50 million in value.

In China, the wet season of their river has historically been a symbol of growth and prosperity as the water helps everything flourish. Coincidentally, this season is correlated with lower electricity costs. This festival, set to launch on 21st April, 2020, will bring altogether eight of the most respected companies in the mining space. The event integrated more than 10 high-quality hydropower mining farms in Sichuan and Yunnan, China with a capacity of more than 300,000 KW, to bring a low hosting electricity fee starting from just $0.03 kWh, as well as other discounts.

Hosted by the world’s leading computing power-sharing platform, BitDeer.com, this is the first iteration of the Wet Season Festival and the unified effort of the seven participating institutions in alliance with BitDeer.com will provide mining rigs, computing power, mining pools, and a top-notch customer care service, which was all made possible by CEOs such as Xiaoni Meng of BitDeer.com and Bitmain’s CEO Jihan Wu, among others.

The participating institutions are:

  • BITMAIN
  • Antminer
  • BTC.com
  • AntPool
  • Matrixport
  • HashGard
  • AntSentry
  • BTC.top

The event starts off with a livestream from some of the most influential people in the world of mining and will be a valuable opportunity for the various communities to have the conference feel from the comfort and safety of their homes by participating in the live chat. An assortment of plans tailored to the user’s needs for cheaper electricity with a streamlined feel is up for grabs, as well as giveaways of mystery prizes to its customers, amounting up to USD 50 million in value. The Festival aims to provide its respective user bases with an opportunity to gain at lower expenses during this time of blooming.

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Bitcoin SV Wallets Collaborate to Bring Peer-to-peer Transactions Back to Bitcoin

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Bitcoin Scam

HandCash and Money Button – two leading wallets in the Bitcoin SV ecosystem – are collaborating to bring back true “peer-to-peer” transactions for Bitcoin, the way Bitcoin’s creator Satoshi Nakamoto intended. The original Bitcoin white paper announced Bitcoin as a “peer-to-peer electronic cash system”, but BTC protocol developers deviated from the “peer-to-peer” design nearly a decade ago.  HandCash and Money Button will now send signed BSV transactions to each other directly, without third parties involved, restoring the true Satoshi Vision for Bitcoin.

The original Bitcoin software provided an option for users to “send to IP”. This method would allow a sender (Alice) to deliver a transaction directly to the recipient. (Bob), with no third parties involved. But the implementation for “send to IP” was not finished, so early BTC protocol developers removed the IP-to-IP functionality, removing the peer-to-peer nature of Bitcoin’s protocol.

Bitcoin SV’s mission has been to restore Satoshi’s original Bitcoin protocol and allow it to massively scale. HandCash and Money Button seek to lead the Bitcoin SV ecosystem back to the peer-to-peer design that Satoshi intended. The Paymail protocol (announced for Bitcoin SV in May 2019) brings back true peer-to-peer transactions. Paymail allows users to send Bitcoin transactions to an email address, providing for secure, end-to-end, encrypted communications and authentication via HTTPS.

Using the Paymail protocol, both the HandCash and Money Button wallets will now send all signed Bitcoin SV transactions to each other directly, without third parties acting as an intermediary. The receiving end will check if the transaction is valid instantly and broadcast it to miners directly, allowing both services to scale far beyond the limits imposed by status-quo. A peer-to-peer transaction system, as Satoshi intended, is much more scalable than how Bitcoin has worked for the past decade.

A call to the Bitcoin SV ecosystem: HandCash and Money Button have agreed to launch this change on their wallets in order to quickly demonstrate the original peer-to-peer design of Bitcoin. Both companies invite the rest of the Bitcoin SV ecosystem to follow suit and help the industry smoothly transition back to peer-to-peer transactions for the benefit of all.

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Curv’s Keyless Cryptography Brings a New Level of Security to Bitcoin Satoshi Vision

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Today, Bitcoin Association announced Bitcoin Satoshi Vision (BSV) will be fully supported by Curv’s institutional digital asset security platform. Helping secure digital assets thanks to its keyless cryptography, Curv’s wallet service is swiftly being adopted by exchanges, OTC desks, lenders, brokers, and traditional asset managers worldwide.

Eliminating the single point of failure introduced by private keys, Curv delivers a mathematically secure way to approve and sign transactions on the blockchain. In addition, Curv has obtained digital asset insurance protection of up to $50 million for its customers from Munich RE and is the first and only Multi-Party Computation (MPC) digital asset wallet solution to achieve SOC2 Type II status.

Bitcoin Association is the global industry organization that supports Bitcoin SV. In its ongoing work to grow the Bitcoin SV ecosystem’s infrastructure, Bitcoin Association sought an additional security provider for BSV that was blockchain agnostic and not limited by certain rule sets, such as the need to support the Pay-to-Script Hash (P2SH) transaction type which has now been sunsetted on Bitcoin SV.

Jimmy Nguyen, Founding President of Bitcoin Association said, “We have secured another partner for the Bitcoin SV ecosystem that ensures BSV institutional users gain multi-signature wallet functionality and can use large-scale applications on top of the Bitcoin SV blockchain, without needing to compromise on security and flexibility. Curv’s protocol-agnostic approach gives institutional users the freedom to expand BSV utility and aligns with the restorations the Bitcoin SV Node team sought to achieve with the recent “Genesis” hard fork that successfully activated on February 4, 2020. We hope that enterprise adoption of BSV will accelerate and Curv’s infrastructure will play a critical role in supporting this scalability and more future business use of BSV.”

Curv’s service is able to support Bitcoin SV for multi-signature transactions even after P2SH is sunsetted given Curv offers users the ability to securely manage and trade all types of digital assets on both ECSDA and EDDSA blockchains. This flexibility is central to Curv’s platform given its patent-pending Multi-party computation (MPC) protocols enable transactions to be securely approved and verified off chain and eliminate the need for private keys.

Curv’s COO Josh Schwartz said, “We’re excited to add BSV to our growing portfolio. Our clients trust us to enable their business and help secure their digital assets. We view it as our obligation to ensure customers have the freedom to hold, trade, and interact with any and all digital assets. They should feel empowered to let the market dictate the assets they choose to support and not be limited by their wallet provider’s capabilities.”

About Curv

Curv is setting a new institutional standard for digital asset security, using revolutionary cryptography to deliver the industry’s first cloud-based Institutional Digital Asset Wallet Service. Curv’s unique, mathematically-secure, keyless platform gives organizations complete protection, instant access, and total autonomy over digital assets.

Curv is headquartered in New York with R&D offices in Tel-Aviv, Israel. For more information, please email [email protected]

About Bitcoin Association

Bitcoin Association is the global industry organization that backs Bitcoin SV (BSV). It brings together merchants, exchanges, application developers, service providers, enterprises, miners and others in the Bitcoin SV ecosystem to advance the growth of Bitcoin commerce. Bitcoin Association supports Bitcoin SV (BSV) as the original Bitcoin, with a stable protocol and scaling roadmap to become the world’s new money and global enterprise blockchain. For more information, email [email protected]

To hear from Bitcoin SV industry leaders, come to the CoinGeek London conference on February 20-21, 2020 at the historic Old Billingsgate venue in London. Visit BitcoinSV.com to learn more about BSV.

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