Bitcoin Documentary | The Unbelievable Story Of Mark Karpeles
Bitcoin documentary about the history of Mark Karpeles and the Bitcoin Stock Exchange Mt.Gox
This Bitcoin documentary is about Mark Karpeles, the former CEO of the online exchange for Bitcoin’s Mt.Gox,
On 1 August 2015 Mark Karpeles leaves his home in Tokyo under police escort. Hours later, Mark is charged with falsifying computer data and embezzlement in connection with the disappearance of 850,000 Bitcoins, or half a million dollars.
The rise and collapse of the first Bitcoin stock exchange is a thriller about the then young crypto currency Bitcoin.
Mt Gox was one of the world’s largest trading centres for Bitcoins. It was founded in 2009 as an exchange point for trading cards, was converted into a Bitcoin exchange in 2010 and quickly became one of the most important competitors in Bitcoin trading. In August 2013, 60% of the global Bitcoin trading volume was brokered through the platform. On 28 February 2014, the company filed for bankruptcy in a Japanese district court.
This 2018 documentary chronicles the events surrounding the first Bitcoin exchange Mt. Gox after. This is not exclusively about the stock market.
One learns a lot about the development of Bitcoin and the situation of the Bitcoin market at the time. A highly recommended documentation to understand the origins of Bitcoin and the history of the first Bitcoin exchange. Especially how important it is that a Bitcoin exchange is not a safe place to store your Bitcoin.
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