Tokyo police has served another arrest warrant on Mark Karpelès; the World Wide Web Consortium prepares to launch a Web Payments Working Group and more top stories for August 21.
World Wide Web Consortium to Launch Web Payments Working Group
The World Wide Web Consortium (W3C), led by World Wide Web inventor Tim Berners-Lee, prepares to launch a Web Payments Working Group by the end of September.
The W3C announcement states:
“The Web Payments Working Group is not creating any new digital payment schemes, but rather integrating existing and emerging schemes more efficiently and securely into Web applications […] A standardized message flow should make it easier to automate payments, which will improve the overall security and user experience of making payments on the Web.”
The W3C Web Payments documentation references bitcoin and cryptocurrencies alongside other online payment means such as Google Wallet, Apple Pay, PayPal and iDEAL.
Mark Karpeles Re-Arrested in Japan
Tokyo police has served another arrest warrant on Mark Karpeles, the CEO of failed bitcoin exchange Mt Gox, suspecting he misappropriated ¥321 million (US$2.6 million) of customer deposits into other personal projects. The funds were allegedly spent on purchasing software rights and a US$48,000 bed.
Karpelès lawyer denied the allegations, stating:
“The deposits were