Bitcoin tanks after Hong Kong exchange 'hacked'

A major Hong Kong-based Bitcoin exchange has suspended trading after $65 million in the virtual unit was reportedly stolen by hackers—sending the digital currency plunging more than 20 percent.

Japan regulates virtual currency after Bitcoin scandal

Japan has passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange.

Factbox: What is Bitcoin?

Australian entrepreneur Craig Wright on Monday revealed himself as the creator of the virtual Bitcoin currency to media outlets, the BBC, The Economist and GQ magazine.

Bitcoin's 'blockchain' tech may transform banking

The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector.

What is bitcoin? A look at the digital currency

Australian police raided a home and office Wednesday that, according to technology websites, belongs to the founder of the virtual currency, bitcoin. However, the origin of the currency remains murky, as is the identity of ...

Goldman Sachs seeks patent on virtual currency

Goldman Sachs is developing a virtual currency system that aims to revolutionize securities transactions, according to a US patent application filed by the Wall Street investment bank.

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