Mt Gox

Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a long rally and been spooked by an expectation that creditors of collapsed crypto exchange Mt Gox might liquidate their payments.

The court suspended the sentence for Mark Karpeles for four years, finding the French national guilty of data manipulation but innocent on charges of embezzlement, Kyodo said.

Ripple, created by the founder of Bitcoin exchange Mt Gox, has risen 31,000 percent over the past year.

This rising risk for Bitcoin holders is compounded by the fact there is no depositor's insurance to absorb the loss.

Bitfinex said it had suspended all transactions after discovering that some users' Bitcoins had been taken.

It was the first time that Karpeles has been out of custody since his arrest in August following the demise of the Tokyo-based Bitcoin exchange.

The charges come after Karpeles was taken into police custody in Tokyo last month over the affair.

At least one crucial question remains unanswered: where is the money?

France-born Karpeles, 30, is suspected of having accessed the exchange's computer system and falsifying data on its outstanding balance.

Japanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations led to its spectacular collapse and hammered the digital currency's reputation.

Using Bitcoin could allow Greeks to do one of the things that capital controls were put in place this week to prevent: transfer money out of their bank accounts and, if they wish, out of the country.

Robert Faiella, 55, was sentenced by a US District Judge in Manhattan after pleading guilty to operating an unlicensed money transmitting business.

The US Department of Homeland Security special agent said investigators theorised Silk Road was operated in part to drive Bitcoin prices up.

US bitcoin exchange operator Payward Inc on Wednesday said it will work on retrieving some millions of dollars lost by Tokyo-based Mt Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.

Bitcoin Savings and Trust and its owner were ordered by a US judge to pay a combined $40.7 million after the SEC established that the company was a Ponzi scheme.

Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a long rally and been spooked by an expectation that creditors of collapsed crypto exchange Mt Gox might liquidate their payments.

The court suspended the sentence for Mark Karpeles for four years, finding the French national guilty of data manipulation but innocent on charges of embezzlement, Kyodo said.

Ripple, created by the founder of Bitcoin exchange Mt Gox, has risen 31,000 percent over the past year.

This rising risk for Bitcoin holders is compounded by the fact there is no depositor's insurance to absorb the loss.

Bitfinex said it had suspended all transactions after discovering that some users' Bitcoins had been taken.

It was the first time that Karpeles has been out of custody since his arrest in August following the demise of the Tokyo-based Bitcoin exchange.

The charges come after Karpeles was taken into police custody in Tokyo last month over the affair.

At least one crucial question remains unanswered: where is the money?

France-born Karpeles, 30, is suspected of having accessed the exchange's computer system and falsifying data on its outstanding balance.

Japanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations led to its spectacular collapse and hammered the digital currency's reputation.

Using Bitcoin could allow Greeks to do one of the things that capital controls were put in place this week to prevent: transfer money out of their bank accounts and, if they wish, out of the country.

Robert Faiella, 55, was sentenced by a US District Judge in Manhattan after pleading guilty to operating an unlicensed money transmitting business.

The US Department of Homeland Security special agent said investigators theorised Silk Road was operated in part to drive Bitcoin prices up.

US bitcoin exchange operator Payward Inc on Wednesday said it will work on retrieving some millions of dollars lost by Tokyo-based Mt Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.

Bitcoin Savings and Trust and its owner were ordered by a US judge to pay a combined $40.7 million after the SEC established that the company was a Ponzi scheme.