• Days
  • Hours
  • Mins
  • Secs
  • Thu, 19 Sep 2019, 05:14 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Tristan Technologies is not new and has nothing on blockchain right now, Mark Karpeles clarifies

Quentin Tyberghien—AFP/Getty Images

Fri, 07 Jun 2019, 06:36 am UTC

Following recent reports that suggested former Mt Gox CEO Mark Karpeles is starting a new blockchain cloud firm Tristan Technologies Co., the entrepreneur has clarified that the company is not working with blockchain technology.

Speaking to The Block, Karpeles said:

“We’re working on new cloud solutions but with absolutely nothing on blockchain right now…This is [just] a technology company. I don’t think it would make sense at this point to work in the blockchain and crypto industry.”

That said, he did not rule out the possibility of working on blockchain technology in the future. Karpeles said:

“We may do things with the blockchain in the future but as of now there are no plans.”

He further explained that the new firm will focus on developing legal-tech solutions such as expediting visa applications. It will also build an “operating system [that] gets rid of the concept of installation and just runs the software.”

Karpeles also clarified that the business is not new, adding that Tristan Technologies has already been around for nearly three years and claimed that it has 500 customers for its cloud services. He said that he couldn’t find work after leaving detainment in the Mt Gox and he quietly registered the new company in Japan and appointed himself CTO.

“It’s not new, we’ve just been underground,” he said. “We didn’t want to be too vocal until after the judgement.”

According to The Block, Nobuyasa Ogata, the lawyer who represented Karpeles in court, is the firm’s CEO and President. In addition to Ogata and Karpeles, the company has two more employees and an unknown number of part-time consultants.

In April, Fortune reported that Karpeles was CTO of London Trust Media (LTM), which he now claimed to be a client of Tristan Technologies. Andrew Lee, co-founder, chairman and chief of lab division at LTM, had told Fortune that Karpelès would be working on the company’s cryptocurrency ventures as well as other products.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,050.00 (-1.67%)
  • Ethereum (ETH) $220.31 (+2.97%)
  • XRP (XRP) $0.303000 (-3.50%)
  • Bitcoin Cash (BCH) $316.93 (-3.14%)
  • Litecoin (LTC) $76.19 (-3.05%)
  • Bitcoin (BTC) $10,050.00 (-1.67%)
Sep 19, 2019 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Chinese financial institutions increasingly adopting big data, blockchain and AI: Moody’s
Crypto Technicals: Monero fails to hold 200-DMA break, erases most of previous session's gains
North Korea reportedly in early stages of developing bitcoin-like national cryptocurrency
UAE’s Ministry of Health and Prevention rolls out blockchain-based system
PUBLISH’s native token ‘NEWS’ listed on CoinMarketCap
Craig Wright asks 30-day extension as he holds talks to settle $10B lawsuit
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
Germany adopts comprehensive blockchain strategy to block Facebook's cryptocurrency Libra
Litecoin Foundation selects Celsius Network as preferred interest bearing wallet
Turkey plans to create National Blockchain Infrastructure and regulatory sandbox
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
Tata Motors looks to collaborate with startups on blockchain-based solutions amid automotive sector slowdown
Cybersecurity startup GK8 scores $4M to conduct cryptocurrency transactions without connecting to the Internet
Crypto Technicals: Bitcoin turns bearish, slumps below $10,000 mark
SpaceChain wins €60K grant from European Space Agency for blockchain satellite wallet
Huobi launches fiat-to-cryptocurrency exchange in Argentina
Sep 18, 2019 (Wednesday)
Crypto exchange Binance.US to not launch in 13 U.S. states
VanEck, SolidX pull out bitcoin ETF proposal from SEC
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.