The former CEO of collapsed Bitcoin exchange MtGox heads to trial in Tokyo next week on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults.

Frenchman Mark Karpeles ¡ª once the high-flying head of the world¡¯s busiest Bitcoin trading platform cheap air max 90 online , who reportedly lived in an US$11,000-a-month penthouse and spent money lavishly, including on prostitutes ¡ª faces embezzlement and data manipulation charges.

¡°He is keeping calm as the trial gets underway,¡± his lawyer Kiichi Iinosaid cheap air max 90 shoes , adding Karpeles plans to plead innocent.

The 32-year-old was arrested in August, 2015, and released on bail nearly a year later over allegations he fraudulently manipulated data and pocketed millions worth of Bitcoins.

MtGox, which said it once hosted around 80 percent of global Bitcoin trading cheap air max 90 mens , shuttered in 2014 after admitting that 850,000 coins ¡ª worth around $480 million at the time ¡ª had disappeared from its vaults.

The company initially said there was a bug in the software underpinning Bitcoins that allowed hackers to pilfer them.

Karpeles later said he had found about 200,000 of the lost coins in a ¡°cold wallet¡± ¡ª a storage device, similar memory stick cheap air max 90 womens , that is not connected to other computers.

Tokyo-based MtGox filed for bankruptcy protection soon after the cyber-money went missing, leaving a trail of angry investors calling for answers and denting the virtual currency¡¯s reputation.

Karpeles, who said he is working as an IT consultant, is active on social media and has commented on issues concerning Bitcoin but not on details of his criminal case.

¡°The charges (against Karpeles) only cover a subset of the issues which were happening at MtGox cheap air max 90 , so I don¡¯t expect that we will find out most of the information we want to know,¡± said Kolin Burges, a British investor who said he lost several hundred Bitcoins in the MtGox collapse. ¡°I¡¯ve not had any back yet but hopefully, eventually all the creditors will get a small percentage of their money back.¡±

BEIJING£¬ Feb. 28 (Xinhua) -- Xiao Yuchen£¬ 25£¬ an illustrator from Taiwan£¬ is pleasantly surprised to find that Dashilan£¬ a popular Beijing tourist area£¬ has undergone changes.

Not having the typical crowded tourists£¬ souvenir stores and brightly decorated buildings£¬ the capital's winding back area has been renovated in a traditional Beijing hutong style.

The quiet hutong is paved with grey bricks£¬ with art studios scattered around old courtyards. Due to its unique atmosphere£¬ Xiao chose Yangmeizhuxie street in Dashilan to set up her design studio.

"Unlike other traditional hutongs£¬ there are no tourist crowds or bustling commercial activity. Art design studios neighbor old Siheyuan courtyards£¬ which makes it comfortable working and living here£¬" Xiao says.

Actually£¬ the less than 500-meter long Yangmeizhuxie street has just been updated as part of an an old city renovation plan.

More than 710 of 1£¬711 local families moved out of the street£¬ making space for cultural innovation companies£¬ according to the plan.

The new firms must be culture and art related£¬ and their studio style must fit with the surrounding architecture.

"Dashilan is improving its cultural innovation environment to attract more art resources to help revitalize local art£¬" says Jia Rong£¬ director of the update plan.

Many local residents who were born here or lived here for decades chose to stay in Dashilan when the plan started.

Wang Xiuren£¬ 72£¬ was born on the Yangmeizhuxie street£¬ and her ancestors have lived here for 400 years. Her family had been running a drug store here for hundreds of years until it was purchased by a traditional Chinese medicine company.

On retiring£¬ Wang opened a shop here selling medical magazines and books in 2004.

"The business was not so good£¬ but I am not willing to leave this hutong£¬" Wang says.

After the update started£¬ Wang redesigned her two-storey shop.

On the ground floor£¬ she opened a cafe providing food to nearby residents. On the second floor£¬ she built a family museum displaying items related to the drug store such as the old store plaque and well-preserved medicine production tools.

"We can be creative while preserving our cultural tradition£¬" Wang says.

The plan is part of Beijing's moves to clear the capital of non-essential businesses to upgrade through cultural innovation.

The central government has ordered Beijing and neighboring Hebei Province and Tianjin Municipality to pursue coordinated development.

According to a guideline released in April 2015£¬ the key functions of politics£¬ culture£¬ international communication and technical innovation will be prioritized while other sectors will be moved out.

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