Former Users Sue Mt.Gox for the Loss of 9500 BTC 319

Иск против MtGox: бывшие пользователи судятся из-за 9500 BTC

Two doctors from Mississippi sued cryptocurrency exchange closed in 2014 aiming to return their 9 500 BTC. Today this amount worth as much as around $133 million. The cryptocurrency was stolen, however, this was not connected with the exchange bankruptcy and happened way before that. The lawsuit was first brought on May 5th, 2014. Dr. Donald Raggio together with his son Chris Raggio sued several entities and individuals, including Jed McCaleb and Mark Karpeles. These two were Mt.Gox former owners. The defendants filed a motion for summary judgment, but the court denied it on November 16th, 2017. They appealed the decision last month.

According to the court document, Donald Raggio registered at MtGox exchange in December, 2010. At that time bitcoin rate was even less than a dollar. The correspondence between Donald Raggio and McCaleb showed that somebody had stolen 9 500 bitcoins from Donald`s account. This happened in January, 2011.

Later, in 2011 McCaleb sold Mt.Gox and Karpeles became a new owner of the virtual currency exchange. He then claimed that he had only received Mt.Gox assets but not liabilities from his predecessor. Anyway, when MtGox went into bankruptcy in 2014, Donald and Chris Raggio finally decided to sue the company.

The defendants argued that the case should be time-barred due to the statute of limitations in Mississippi, because it was filed three years and 54 days after the loss.

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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