Twenty six year old Satoshi Uematsu (WOT:nonperson) allegedly stabbed 44 of his former coworkers and clients today killing 19 and injuring 25 at a residential facility for the disabled west of Tokyo. Police allege that Uematsu gained entry to the facility by breaking a window and that when he left he was able to make it to the police station to surrender peacefully. Notably Uematsu managed to kill 10 more people than the German aspie whose solo Munich shopping mall putsch has renewed security cooperation between France and Germany. Local media attribute to Uematsu an utterance that approximately translates to "All disabled should cease to exist." The strict knife control laws suffered by the Japanese people failed to prevent this incident. Peace in our time.
News24 reports that former Mt Gox CEO Mark Karpelès (WOT:magicaltux)has been released on bail (archived). Given the peculiarities of the Japanese legal system this news suggests prosecutors have run out of ideas for new charges to level at Karpelès in order to continue renewing his pretrial detention.
Various news sources are reporting that as the nuclear waste containment tanks at the Hanford Site along the Columbia River in Washington State age well beyond their 50 year service life leaks are increasing with at least one tank in a condition that could charitably be described as complete failure (archived). A United States Department of Energy Politruk described the horrific outcome as an "anticipated" side effect of efforts to empty the failed tank. The Hanford site is a part of Manhattan Project National Historical Park and administered jointly by the National Park Service and the Department of Energy. Continue reading
The Bank of Japan has introduced a negative interest rate policy a mere week after Bank Governor Haruhiko Kuroda assured the world his bank would not taking such a course of action anytime "soon" (archived). The move helped to take Bitcoin and the United States dollar higher against the yen. The euro spiked higher against the yen and then regressed.
Shingetsu News Agency is reporting on their Twitter feed that Mt Gox CEO Mark Karpelès has been rearrested in Japan on still more embezzlement charges. Japanese police are only allowed to hold a suspect in detention for a limited period of time, so re-arrest on further charges is a common tactic used to keep charged suspects detained indefinitely before trial.
This week a Tokyo Court dismissed a lawsuit brought by a Kyoto resident who lost 458 Bitcoins in the Mt Gox scam. The Kyoto resident represented himself in court on a complaint he brought against Mt Gox's receiver as Mt Gox is in bankruptcy. The court in dismissing the suit determined Bitcoin is not subject to ownership claims due to its intangible nature and the third parties involved in the sort of claim the Kyoto resident wished to make. The alarm on Mt Gox's inevitable collapse had been sounded well in advance of popular recognition of Mt Gox's failure.
As of the third creditors meeting on April 22, 2015, the approximately 100,000 creditors from 130 countries who were swindled by Robert Marie Mark Karpeles and his Bitcoin-fiat exchange MtGox Co., Ltd. – despite the numerous and several warnings and warning signs,1 – can now file claims through bankruptcy trustee Nobuaki Kobayash of law firm Nagashima Ohno & Tsudematsu. Continue reading
Not the least of which was the consistent $10+ spread between Mt Gox and Bitstamp that persisted throughout 2013, with the premium going to Gox of course, indicating that the Japanese firm was delaying withdrawals, most probably on account of a fractional reserve deposit scheme ↩
The Tokyo District Court has issued an order of commencement of the bankruptcy proceeding for MtGox parent company Tibanne. The request for bankruptcy proceedings were made by MtGox creditor Nobuaki Kobayashi late last month. Notification of the proceedings were published on the MtGox website earlier today and a text version is provided below. Continue reading
Yomiuri Shimbun, one of five national Japanese newspapers, is reporting via its English 'The Japan News' website that of the 650,000 bitcoins that went missing in the aftermath of the Mt. Gox collapse, 99% of the coins have been lost due to the fraudulent activities by an unknown individual or party. An additional 7,000 bitcoins are reported to have been stolen due to cyber-attacks. Continue reading