Image Image Image Image Image Image Image Image Image Image Image Image

| May 23, 2018

Scroll to top

Top

Strategy Archives -

Campbell’s Strategy Comes Under Scrutiny After CEO Exit

May 20, 2018 |

Denise Morrison was the biggest champion of Campbell’s yearslong push into fresh and refrigerated foods, but her abrupt departure suggests that the strategy flopped and that the 150-year-old company needs a new plan.
WSJ.com: US Business

In Syria, Trump needs a strategy to keep Russia, Assad and Iran off-balance – and US involvement to a minimum

April 16, 2018 |

President Trump has sent a message that his “red line” will not be crossed.
FOX News

CNN

Opinion: Trump’s Syria strategy: no strategy at all

April 13, 2018 |

The President’s strategy toward Syria has two critical defects. First, there is no strategy. Second, President Trump has never sought congressional authorization for use of force in Syria — something that many have argued made his previous missile attack against Bashar al-Assad unconstitutional and makes any future unauthorized plans precarious at best. This is no way to deal with a complicated and deadly conflict that could spin out of control, especially if the United States intentionally or inadvertently engages Russia’s military.
CNN.com – RSS Channel – World

The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy

March 17, 2018 |

The 'Mt Gox Whale' Explains His Crypto-Selling Strategy

On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts and selling in a manner that would avoid affecting the market price.

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

The ‘Mt Gox Whale’ Sold BTC and BCH Between December 2017 and February 2018 on Separate Occasions

The bankruptcy trustee from Tokyo, Nobuaki Kobayashi, is now referred to as the ‘Mt Gox Whale’ on social media and many cryptocurrency centric forums. On Saturday, March 17, the trustee disclosed to the public exactly how he was offloading the cryptocurrencies he holds, as he still has another $ 1.9 billion worth of BTC and BCH to sell. This massive amount of holdings waiting to be sold has concerned bitcoin traders, because they think the sales could hurt the BTC and BCH market value.

“I sold BTC and BCH from December 2017 to February 2018,” explains Kobayashi in response to questions about the sale.

I sold BTC and BCH separately — Therefore, the total amounts of BTC and BCC sold until the time I ceased selling are different.

The 'Mt Gox Whale' Explains His Crypto-Selling Strategy
Nobuaki Kobayashi has already sold $ 400 million worth of BTC and BCH. The trustee still has $ 1.9 billion worth of digital assets left to sell.

Kobayashi Consulted ‘Cryptocurrency Experts’ and Did Not Sell the Cryptos Using an Ordinary Exchange

The 'Mt Gox Whale' Explains His Crypto-Selling Strategy
Nobuaki Kobayashi.

According to the trustee, he consulted “cryptocurrency experts” during the BCH and BTC sales, and he did not use the traditional method of using a digital asset exchange. Further Kobayashi says analyzing the movement of the public addresses is useless, as the assumption that the assets were sold at those exact times is “incorrect.”  

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.   

The method of sale of BTC and BCH was approved by the court as well  — I would like to refrain from explaining the details of the method of sale; otherwise the future sale of BTC and BCH could be hindered  — At present, nothing has been determined regarding the sale of BTC and BCH in the future.

Besides the $ 1.9 billion worth of digital assets remaining under the trustee’s supervision, he is also supervising the cash collected from the last sale. The approximate holdings of JPY 44,000,000,000 in cash were only recently secured says Kobayashi, and he will determine when creditors will get their restitution settlements in the near future.

What do you think about the Mt Gox trustee’s statements? Do you think his sales affect the open market? Let us know what you think about this story in the comments below.


Images via Shutterstock, Pixabay, and the Tokyo courts. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy appeared first on Bitcoin News.

Bitcoin News

How Toys R Us was doomed by a leveraged buyout and shortsighted strategy

March 17, 2018 |

Toys R Us Inc. is officially packing up its playroom.

The retailer said Thursday that it intends to liquidate its U.S. business and shut all 735 of its toy stores and Babies R Us stores in the United States. It is exploring a reorganization and sale of its Canada division and other international…


L.A. Times – Business

Justice Dept Looks to Develop ‘Cryptocurrency Strategy’

February 27, 2018 |

Justice Dept Looks to Develop 'Cryptocurrency Strategy'

Over the past few months, the U.S. government and its special agencies have been ramping up their efforts to try to regulate bitcoin and digital currencies. This week the Justice Department’s Deputy Attorney General Rod Rosenstein spoke about cryptocurrencies at the Financial Services Roundtable this Monday in Washington, DC.

Also read: Sixth Grader Writes a 57-Page Book About Bitcoin

The Justice Department’s Cybercrimes Task Force Will Develop a Cryptocurrency Focused Strategy

Justice Dept Looks to Develop 'Cryptocurrency Strategy'According to multiple reports, the Justice Department is planning to launch a comprehensive strategy for cryptocurrencies. In a caucus filled with American bankers, Deputy Attorney General Rod Rosenstein said cryptocurrencies are a “new challenge” and the agency is planning on tending to the issue soon. At the Financial Services Roundtable Rosenstein discussed the subject of cryptocurrencies with Governor Tim Pawlenty (R-MN).

“A new challenge we face of course is cryptocurrency, because a lot of these schemes involve Bitcoin and other cryptocurrencies, which do not flow through the traditional financial systems,” Rosenstein reveals.

So what we’re working on now with our cybercrimes task force within the department is an effort to develop a comprehensive strategy to deal with that.

Justice Dept Looks to Develop 'Cryptocurrency Strategy'
Deputy Attorney General Rod Rosenstein speaks with Governor Tim Pawlenty at the Financial Services Roundtable about a ‘cryptocurrency strategy.’ 

Digital Currencies and Encryption With No Means of Access

The Justice Department has recently dealt with bitcoin and other cryptocurrencies late last year during the investigation of the alleged BTC-e exchange operator. Further back in October of 2017 Rosenstein discussed the subject of digital currencies that were used in a fentanyl case that involved Chinese traffickers who used the internet to sell their wares. That month the Deputy Attorney spoke about encryption to a large crowd in Annapolis, Maryland asking for “responsible encryption.”

“When encryption is designed with no means of lawful access, it allows terrorists, drug dealers, child molesters, fraudsters, and other criminals to hide incriminating evidence,” explains Rosenstein.

What do you think about Deputy Attorney General Rod Rosenstein and the Justice Department’s idea to come up with a cryptocurrency strategy? Let us know what you think in the comments below. 


Images via: Shutterstock, Associated Press, and Wiki Commons.


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Justice Dept Looks to Develop ‘Cryptocurrency Strategy’ appeared first on Bitcoin News.

Bitcoin News

OxyContin Maker Ends Industry-Changing Strategy

February 11, 2018 |

The medical website STAT sees it as the “end of an era”—the maker of OxyContin is going to stop promoting the opioid to doctors. As Bloomberg reports, Purdue Pharma is cutting its sales staff in half to 200 employees and will no longer send representatives to doctors’ offices. The…
Newser

CNN

Tillerson discusses Trump’s North Korea strategy

January 6, 2018 |

Tough military action against North Korea remains an option if diplomatic efforts fail to end its pursuit of nuclear weapons, Secretary of State Rex Tillerson told CNN.
CNN.com – RSS Channel – World

China on Trump’s Strategy: Drop the ‘Cold War Mentality’

December 19, 2017 |

In unveiling a new US national security strategy Monday, President Trump called out China and Russia as “attempting to erode American security and prosperity,” and he outlined myriad ways—weapons development, intellectual property theft, dumping money into the developing world—in which he sees them doing that, per the BBC…
Newser

CNN

5 things to know about Trump’s national security strategy

December 19, 2017 |

President Donald Trump unveiled his administration’s national security strategy on Monday, outlining the foundation and priorities that will drive US foreign policy during his time in office.
CNN.com – RSS Channel – World