On Friday, Mark Kapelès, the CEO of now-defunct cryptocurrency exchange Mt. Gox is facing a litmus test. The Tokyo court will announce its verdict as Karpelès is most-likely to face a 10-year jail term on charges of Bitcoin embezzlement. Also, Karpelès is facing charges of manipulating exchange data and siphoning $3 million of client’s funds to his own account. In the early days of Bitcoin, Jed McCaleb started Mt. Gox as an online exchange for trading cards of the game Magic: The Gathering. Jed McCaleb is also the founder of popular cryptocurrencies – XRP and Stellar. In 2011, McCaleb sold the exchange entirely to Mark ... (full story)