It has been a difficult year for Bitcoin, and now confirmation from investigative authorities in Japan working on the Mt Gox “disappearance” of customer bitcoins appears to be making things worse. Bitcoin down near $316 As the digital currency / payment method is trading down near $316 to start 2015, after reaching a high near $1,200 earlier in 2014, suspicions regarding fraud surrounding the disappearance of nearly $341 million from the Mt. Gox exchange continue to dog Bitcoin’s future. This comes as a Japanese newspaper is reporting that Tokyo’s Metropolitan Police Department believes that 99 percent of the bitcoins in question…
Mt Gox Looks Like Bitcoin Fraud, Says Japanese Press Report
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.