Bytecoin to Release New Stable API

New, stable Bytecoin wallet, new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20
14 March 2018   1617

Bytecoin is a private, decentralized cryptocurrency with open source code that is designed to allow users to take part in the Bytecoin network development. The coin is aimed at providing privacy and security for people using Bytecoin. The reliability of Bytecoin is defined by the total computational power of all the computers that take part in the processing of transactions.

As it is stated in the roadmap of Bytecoin, development team is working hard on the project, and it has already release the public new API beta version on February 6, 2018. The release of the new stable API is scheduled for March 20, 2018.

Bytecoin roadmapBytecoin Roadmap

The new stable API will be concerned with the release of a new, stable Bytecoin wallet, and new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20.

As for the future development plans of Bytecoin, the Hardfork will be implemented on June 12, including a new dynamic fee system and deconstruction of the old API. All users are recommended to move to the new wallet by that time.

At the moment of press, these are main market parameters of Bytecoin:

Average price: $0,002915
Marketcap: $535 794 413
24h volume: $4 493 720

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   29

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.