Former CEO of Mt. Gox, the Japanese exchange, which at one point was running 70% of BTC transactions, has been cleared of embezzlement and breach of trust but is guilty of falsifying data. There are still 650k Bitcoin’s unaccounted for that were lost in the 2014 hack.
Blockchain gaming startup Forte have teamed up with Ripple’s Xpring platform to invest $100M in developers who create games based on blockchain technology, this is just a starting point in the gaming world, currently a $140Bn industry.
The spouse of Quadriga’s late founder has issued a statement saying that Cotten was putting his own money into Quadriga to fund user withdrawals in 2018 after the Canadian Imperial Bank of Commerce had frozen five accounts holding an excess of $20M.
Opinion: This week’s opinion is from Farbood Nivi on how crypto mining outperforms crypto buying.