UK Woman Faces Death Threats After Speaking Out on Alleged Scam OneCoin is a cryptocurrency based on the idea of Bitcoin but with features added on, like a 'decentralised' currency (one that doesn't rely on a single centralised authority for payment) and a 'smart' blockchain (which means that transactions can be tracked without using personal data). OneCoin is not forked - there are no separate cryptocurrencies for Bitcoin and Litecoin, and everyone has the same access.
Mt. Gox Was a Fake?
Was Mt Gox's woes caused by a hack? Or was the exchange run by inept bank employees? Some say yes, there was nothing wrong; however, the reality is very different.
As reported in Wired, Mt Gox shut down their exchange service earlier this month after the Tokyo-based Bitcoin exchange filed for bankruptcy protection in February.
The company had apparently lost a fifth of its total bitcoin reserves, which was supposed to be held for two months or so after being purchased by Mt Gox.