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Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes

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Mark Karpeles, the former chief executive officer of the now-defunct Mt. Gox, has reportedly apologized for the losses that led to the demise of the cryptocurrency exchange. However, the embattled Frenchman insisted on his innocence regarding charges of embezzlement in closing arguments during his trial in Tokyo on Dec. 27.

Also read: Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $ 30M

Sorry But I’m Not Guilty, Says Karpeles

Former Mt. Gox CEO Says He Is Sorry But Maintains His Innocence as Trial Closes
Mark Karpeles

Karpeles is facing charges of transferring $ 3 million of client funds to his own account for investment in a software development business. According to prosecutors, who are pushing for a 10-year jail term, the ex-CEO falsified Mt. Gox’s trading system to make customer balances appear healthier than they in fact were.  Read more...

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Former IMF Economist Mark Dow Closes $14K BTC Short

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Mark Dow, a hedge fund manager and former International Monetary Fund economist, has publicly announced that he has closed his BTC short position. Based on his blog, it appears that Dow likely entered the trade when BTC was trading at around $ 14,000.

Also Read: Canadian Crypto Exchange Coinsquare Now in 25 European Countries

Mark Down Closes Out BTC Short

Former IMF Economist Mark Dow Closes $ 14K BTC ShortEarlier this week, Mark Dow took to Twitter to announced that he had closed his BTC short position in its entirety, posting: “Today I say goodbye to the bitcoin short. Sad!”  Read more...

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Hedge Fund Manager Who Called the Market Top Closes Out His Bitcoin Short

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Mark Dow, a former International Monetary Fund economist who manages a family office in southern California, has finally closed a short position he opened against Bitcoin (BTC) at the height of the market last December, shortly after Bitcoin futures began trading. In a recent tweet, Dow put it simply, “Today I say goodbye to the bitcoin short. Sad!” […]
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Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes

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With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. According to Israeli business publication Globes, the China-based Bitmain has closed Bitmaintech Israel, the development center it set up two … Continued

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ErisX Closes $27.5 Million Series B From Nasdaq, Fidelity and Bitmain

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ErisX, a new regulated crypto derivatives exchange that is planning to offer digital futures and spot trading, has closed a $ 27.5 million Series B from major financial institutions and cryptocurrency companies, including Nasdaq Ventures, Fidelity, ConsenSys and Bitmain. According to the announcement, ErisX plans to leverage the new funds and expertise to build out its single platform […]
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French Esports Team Closes $22.7 Million Investment Round

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Team Vitality, a Paris-based esports team, has reportedly closed a $ 22.7 million investment round from London-based entrepreneur Tej Kohli, a self-made billionaire and philanthropist. According to the announcement, Team Vitality plans to use the funding to build out its office and training facility, in addition to expanding its footprint in Southeast Asia and China. The investment itself, […]
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Bitcoin Shopping Rewards Startup Lolli Closes $2.25 Million Seed Round

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Lolli, a new browser rebate extension that rewards users with Bitcoin (BTC), announced this week that it has closed a $ 2.25 million seed round from notable investors, including Bain Capital Ventures and Digital Currency Group. I'm excited to announce our seed round with some amazing partners! 💜 Thankful for my team, the Lolli community, our […]
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Crypto Exchange KuCoin Closes $20 Million Series A

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KuCoin, a Singapore-based cryptocurrency exchange, announced Wednesday that it has closed a $ 20 million Series A from IDG Capital, Matrix Partners and Neo Global Capital. Today, we are thrilled to announce that we have closed our Series A Round of Funding, raising $ 20 million (USD) from IDG Capital, Matrix Partners and Neo Global Capital to bring […]
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MyCrypto Closes $4 Million Funding Round Led by Polychain Capital

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MyCrypto, the publisher of an open source interface that allows users to easily manage the process of cryptocurrency storage, has recently raised a $ 4 million funding round that was led by Polychain Capital. With the capital raised in the latest round, MyCrypto plans to build a consumer-friendly platform for cryptocurrency users to create new wallets, […]
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X Infinity Closes Private Funding Round at USD 20.5 Million for its Multi-Cryptocurrency Wallet

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Axoni Closes $32 Million Funding Round Led By Goldman Sachs

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Axoni

New York-based provider of enterprise blockchain technology Axoni has completed a $ 32 million Series B funding round, bringing total funding up to date to upwards of $ 55 million.

Axoni Boosted By Lucrative Partnerships

Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced the successful completion of a $ 32 million funding round today.

The company’s flagship AxCore technology is used in a range of markets such as high-volume foreign exchanges and derivatives.  Read more...

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BitPay Closes Extended $40 Million Series B Round

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Global blockchain payments provider BitPay has closed its $ 40 Million extended Series B funding round, which brings its total raised capital to over $ 70 Million. New investors in BitPay include Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an affiliate of Passport Capital) and Delta-v Capital as well as individual investments from Christopher Klauss Family Office, Founder of Internet Security Systems (ISS), and Alvin Liu, Co-founder of Tencent. Aquiline Capital Partners led the initial Series B Round but extended the round due to increased investor demand.  Read more...

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AdHive Closes $12M Tokensale With Whitelist Members’ Deposits, Leaves Out Open Phase Of The Sale

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World’s First AI-Controlled Influencer Marketing Platform Successfully Closes $ 12M Phase 1 Of The Tokensale Following 36 Minutes $ 5.5M Pre-Sale Spurt

Tallinn, March 24, 2018

AdHive, an AI-powered platform for influencer marketing announces that it has successfully closed the $ 12M hard cap ahead of the open phase of its tokensale. The company’s innovative approach to AI-automated and blockchain-backed native advertising attracted a total of 5,839 token purchasers through the presale and Phase 1 of the tokensale.  Read more...

This is a preview of AdHive Closes $12M Tokensale With Whitelist Members’ Deposits, Leaves Out Open Phase Of The Sale. Click Here To Read the full post

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