Daily Roundup

According to ABC News, Mt Gox CEO Mark Karpeles is set to face embezzlement charges in a Japanese court on Tuesday. Karpeles is suspected of inflating his own cash account by $1 million during his time at the head of the now-defunct bitcoin exchange.

According to CoinDesk, the IRS has narrowed their investigation of tax evasion by Coinbase users down to those who conducted at least $20,000 worth of one transaction type in a single year.

Here on Crypto Insider, the view that corporate agreements, such as the New York Agreement, have no place in Bitcoin protocol development was covered in an article regarding Bitcoin Core contributor Eric Lombrozo’s comments during a recent discussion with Thomas Hunt and Jimmy Song on the Mad Bitcoins YouTube channel. In Lombrozo’s view, these sorts of agreements on changes to Bitcoin’s consensus rules completely miss the point of Bitcoin.

According to Business Insider, the ether price got crushed today. The ether price is down around 10 percent so far today, and it has dropped roughly 45 percent since reaching an all-time high of nearly $400 on June 13th.

According to CoinDesk, MIT’s Tadge Dryja, who is also one of the co-authors of the original Lightning Network white paper, is working on bringing more complex smart contracts to Bitcoin.