• Sun, 16 Jun 2019, 11:26 PM
  • All times are UTC
  • Edition:
Link copied

Former Mt. Gox CEO Mark Karpeles to serve as CTO of new blockchain tech venture in Japan

Mark Karpeles image via CoinDesk

Thu, 06 Jun 2019, 02:57 am UTC

Mark Karpeles, the former CEO of now-defunct Bitcoin exchange Mt. Gox, will allegedly “start from zero” with his new blockchain cloud firm Tristan Technologies Co., where he will serve as the chief technology officer, Japanese news outlet The Mainichi reported on Wednesday.

Described as a computer prodigy with an interest in Japanese animation and games, Karpeles wants to help restore Japan as a global tech leader through blockchain after it lost its advantage to US giants like Apple, Amazon, and Facebook.

His new Japan-registered startup aims to establish a secure and faster operating system compared with other platforms currently in use.

Japan used to be engineering superpower in terms of its PCs but right now, taking the cloud, for example, it’s the U.S. that dominates,” he told reporters at the Foreign Correspondents Club of Japan as reported The Mainichi. “But I still believe in the potential Japan has and I would like to develop that.

The 34-year-old Frenchman was arrested and spent 11 months in Japanese detention after his crypto exchange suffered from a major hack and subsequent collapse in 2015. While he was already cleared of fraud and embezzlement charges last March, he is still currently appealing one conviction for tampering with records. The final verdict is expected to come out later this year, and if his appeal fails, he could face up to 10 years in prison, the AP reported.

Although cautious of the high risks cryptocurrencies carry, Karpeles believes that blockchain has a huge potential and advantage for cashless payments, cloud solutions, smart contracts, and digital transactions.

As previously reported, Japan has passed a bill to amend to existing financial laws, namely, the Funds Settlement Act and the Financial Instruments and Exchange Act, which govern cryptocurrency regulations. The legislation will come into effect in April 2020.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,056.66 (+2.57%)
  • Ethereum (ETH) $271.41 (+0.93%)
  • XRP (XRP) $0.432700 (+5.47%)
  • Litecoin (LTC) $137.02 (-0.38%)
  • Bitcoin Cash (BCH) $429.78 (+2.07%)
  • Bitcoin (BTC) $9,056.66 (+2.57%)
Jun 14, 2019 (Friday)
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
Circle to end support for its payment app, to shift to blockchain-based financial projects
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
Bakkt to begin bitcoin futures testing on July 22
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
Brazil considers promoting blockchain in public administration in new proposed bill
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
John McAfee launches new cryptocurrency trading platform
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
Square Crypto announces former Google director Steve Lee as first hire
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.