MtGox investors are going to save the exchange

Investors are going to prevent former CEO of MtGox to gain several billion dollars
13 December 2017   1073

The group of creditors of the now defunct bitcoin-exchange MtGox filed a new court petition, which, if satisfied, will withdraw Mark Karpeles from bankruptcy and launch the process of its civil rehabilitation. The Financial Times writes about this.

The petition is filed in the hope of preventing former CEO of MtGox Mark Karpels from gaining several billion dollars in potential, which may remain at the disposal of the company after the funds are returned to investors.

The current Japanese legislation suggests that if MtGox retains its current bankruptcy status, the exchange will return users money in dollar terms as of 2014. However, due to the fact that the price of bitcoin has grown tens of times since then, Karpeles and MtGox, even having returned the funds to investors, can get a significant enough bonus.

According to the Financial Times, more than 173,000 BTC can be left to Karpeles from the 202,195 BTC that the stock exchange owned at the time of bankruptcy. At the current rate of bitcoin this is about $ 3 billion.

As the newspaper notes, now everything will be reduced to the "battle of experts" - representatives of the bankruptcy property manager who believe that the current liquidation plan will be more reliable, and representatives of investors who insist that their offer will not only be quicker but also more fair, because in the potential will allow them to return not the dollar equivalent of deposits, but actual amounts in bitcoins.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   148

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.