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Mt. Gox CEO Gets Sentenced

Earlier this week we did an article that the former head of the Mt. Gox crypto exchange was to see jail time by today (15th March). The Tokyo District Court has now sentenced Mark Karpeles to two and a half years in prison, suspended for four years. Based in Japan, Mt. Gox was one of the biggest digital currency exchange operators across the globe. The French-born CEO of the exchange was given a suspended jail sentence for manipulating Mt. Gox’s Bitcoin trade data but acquitted of embezzlement and violating corporate law by committing an aggravated breach of trust. Prosecutors had...

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Lubin: “Ethereum Is Not Going Away, It’s Not Going To Fail”

During the crypto winter, a lot of cryptocurrencies were hit hard and Ethereum is just one of them. If there is anyone in the market that should be worried though its Joe Lubin who is the founder of ConsenSys, an incubator for Ethereum projects. Despite the hard hit that Ethereum has experienced, Lubin doesn't seem concerned at all. The co-founder of Ethereum was an interactive keynote speaker at SXSW 2019 where he discussed how calm he was about the whole situation - “Ethereum is not going away. It’s not going to fail. It will remain very significant.” Ethereum Securities There...

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Sally Ho's Technical Analysis 15th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) displayed some serious volatility along with many of the majors in the alt-coin complex during Thursday’s North American session. In short order, the pair sharply escalated from around the 3850 level to the 3900.00 figure before bidding a hasty retreat to the 3779 level, and then reclaiming most of its lost ground. Stops were triggered above the 3866.46 level, representing the 200-bar MA (240 minutes) and then the 3878.34 level, representing the 23.6% retracement of the 3655 – 3947.33 range. During the sharp spin lower, BTC/USD encountered technical Support just below the 3780.97 level,...

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Ethereum (ETH) Divergence From Bitcoin (BTC) Finally Comes To An End

Ethereum (ETH) started to diverge from Bitcoin (BTC) around the end of February, 2019. This led to a state of confusion in the market as investors were confused whether to follow ETH/USD or BTC/USD. This was a strong indicator of the disconnect between Bitcoin (BTC) maximalists and altcoin believers. Most Bitcoin (BTC) maximalists believe that all cryptocurrencies apart from Bitcoin (BTC) are scams. Well, if you think about them as cryptocurrencies then yeah, they are a scam. Why? Because Bitcoin (BTC) was created to solve the double spending problem and to create a digital currency that is protected from inflation....

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Marijuana Industry Interested In Bitcoin’s Lightning Network, Says Zap’s Jack Mallers

During a panel focused on the Lightning Network and Bitcoin development at the recent 2019 MIT Bitcoin Expo, Jack Mallers, who is the creator of the Zap Lightning Network wallet, was asked to talk about what merchants need to know before they try to join the Bitcoin’s second-layer payments solution. In his response, Mallers indicated there is demand for Bitcoin’s Lightning Network from merchants involved in the marijuana industry. Merchants Want Lightning According to Mallers, there is a lot of interest in Bitcoin’s Lightning Network from merchants; however, more on and off ramps between the Lightning Network and traditional fiat currencies are needed. “Merchants actually —...

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