Venezuela broken volume bitcoin’s sales records and its price growed up

Venezuela’s volume amounted $130 billion while USA’s was $ 11 million and China’s was $ 72 million
01 December 2017   1426

The rapid growth of bitcoin over the past week has caused a lot of speculation about the reasons that caused it. One option is the massive demand for bitcoin in Venezuela. Its volume amounted to $130 billion. In comparison with this volume, the other two highest results are frankly small: $ 6 billion in Iran and $ 4.2 billion in Colombia.

There are other hypotheses. For example, there is a version that large investors decided to invest some of their funds in cryptocurrencies as an experiment. After all, the growth of bitcoin began not yesterday, but at the end of the year many investors assess the profitability of their investments. If large financial players invest in bitcoins, this increases confidence and demand for it.

Another reason may be a general increase in the activity of buying or exchanging bitcoins or other cryptocurrencies. Here again the principle works: the greater the demand, the higher the supply. According to this version, the whole thing is in the hype around bitcoin.

There is another version that is relevant, rather, for the US market: some analysts say that the interest and demand for bitcoins and the cryptocurrency market led to Thanksgiving and a holiday weekend, as families gathered and discussed the most important developments and technologies, including bitcoin.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   94

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.
 

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.