Bitcoin Exchange Operator Mark Karpeles to Be Arrested

Japanese authorities will be arresting Mark Karpeles, former CEO of Mt. Gox, at one time the largest Bitcoin exchange in the world. Investigators claim that Karpeles played the system for years, skimming bitcoins while the exchange was actually in debt. It is now commonly believed that the exchange may have been broke since as early as 2011, but always managed to appear as if things were being done properly. The Japanese government is charging Karpeles with cooking the books, using fake accounts to fill orders, fraudulently skimming funds in the process. Following the independent report from earlier this year which […]

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Bitcoin Company Creates Video to Help Backpage Users (Video)

Paxful was chosen by Backpage.com to provide users with bitcoins when the company was shut down by Visa and Mastercard. Now that Paxful is up and running, they’ve had their hands full teaching many people the basics of Bitcoin in the process of selling it to them, so they can place their ads on Backpage.com. Now the company has made a video to ease the process for Backpage.com users. Also read: Chicago Sheriff Barred From Tampering With Backpage Funding In plain language, the process of buying bitcoins and spending them at Backpage.com is explained. The video aims to take some […]

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