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  • November 24, 2014
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  1. Business - China Business - FINANCE

    Chinese players quit volatile bitcoin market after government steps in

    Posted Dec 19th 2013, 11:51pm by DANNY LEE

    ... Danny Lee, Jane Cai and Adrian Wan Mainland players quit bitcoin market Beijing's crackdown on virtual currencies has led to an exodus of investors and enthusiasts who fear financial ruin. A number of bitcoin buyers, retailers and entrepreneurs have withdrawn from the digital currency after back-to-back demands by the People's Bank of China (PBOC), which triggered a run ...

  2. News - Hong Kong - FINANCE

    ‘Better to gamble in Macau’: Hong Kong business students deem bitcoin too risky

    Posted Dec 20th 2013, 10:32am by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Business whizz kids not buying bitcoin Students at a private business college say they will not invest in bitcoin because the future of the digital currency is still unclear. "The currency is not regulated," said Jimmy Hui Yuk-ming, a final-year business administration student at Hang Seng Management College. "Some say bitcoin ...

  3. Business - Banking & Finance - FINANCE

    Surge in use of bitcoin leads to ban on China trading

    Posted Dec 05th 2013, 11:31pm by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com People's Bank imposes curbs as China's appetite for 'risky' virtual currency causes value to soar Surge in use of bitcoin leads to ban on mainland trading The mainland's central bank yesterday barred financial institutions from trading in bitcoin. It was the first step towards regulating the virtual currency, which ...

  4. Business - Banking & Finance - CURRENCIES

    Chinese yuan dominates global bitcoin trade

    Posted Dec 03rd 2013, 01:10pm by Patrick Boehler

    ... market Mainlanders rush to bitcoin trading boom The yuan accounts for most of the trade in bitcoins as trading of the unregulated digital currency soars in the world's second-largest ... BitcoinAverage. According to the aggregator of market data, China's trading volume in the period reached 827 million yuan (HK$1 billion). Trades in US dollars account for roughly 37 per cent ...

  5. Business - Banking & Finance

    Bitcoin tops US$1,000 for first time

    Posted Nov 28th 2013, 09:16am by Reuters in New York

    ... Reuters in New York Virtual digital currency was trading at US$215 at the beginning of the month The price of the digital currency bitcoin soared above US$1,000 for the first time on Wednesday, extending a surge this month after a US Senate hearing on virtual currencies. Bitcoin hit a high of US$1,073 on Tokyo-based exchange Mt. Gox, the best-known operator of a bitcoin digital ...

  6. News - World - BRITAIN

    British IT worker accidentally throws out HK$50m worth of bitcoin treasure

    Posted Nov 28th 2013, 09:16pm by GDN

    ... The Guardian in London IT worker created the virtual currency when it was almost worthless, then he accidentally threw away hard drive when cleaning up HK$50m bitcoin buried in dump Buried ... of virtual currency holding 7,500 bitcoins. He had created them for almost nothing in 2009 and the value of bitcoins has since soared. This week, the price rose above US$1,000. It has been rising ...

  7. Business - Banking & Finance - VIRTUAL CURRENCY

    Hong Kong entrepreneurs could win a slice of the bitcoin pie

    Posted Nov 17th 2013, 05:03am by DANNY LEE

    ... on bitcoins puts HK in frame An influential digital currency evangelist says Hong Kong can grab a huge slice of the controversial multibillion-dollar bitcoin industry as US hostility towards virtual money increases. Roger Ver, 34, a bitcoin millionaire, told the South China Morning Post that efforts to disrupt the digital currency money market would be futile. "It's not stoppable. ...

  8. Business - Banking & Finance

    Bitcoin users can buy and sell them at new ATM

    Posted Oct 30th 2013, 11:11am by Reuters

    ... launch a new era for the digital currency bitcoin, offering an almost instant way to exchange the world’s leading virtual money for cash. The value of a bitcoin soared from US$13 in January to a high of US$266 in April as more businesses and consumers used it to buy and sell online. Some investors are also treating bitcoins like gold, using them to hedge against currency fluctuations ...

  9. Lifestyle - Technology - DIGITAL MONEY

    Bitcoin miners find it increasingly hard to make money

    Posted Nov 10th 2013, 03:26am by Reuters

    ... Reuters It's becoming increasingly tough to earn money from making bitcoins; it's the makers of souped-up computer equipment that are minting it The wild, wild west of Bitcoin ... prospector looking for bitcoins. Since discovering the digital currency a few months ago, Jackson-Wilde has paid about US$2,000 for his "rigs", which are powered by specialised computer ...

  10. News - China - CURRENCY

    Baidu stops accepting bitcoin payment after government ban

    Posted Dec 08th 2013, 06:27am by BLOOM

    ... Bloomberg Search engine follows central bank's lead in barring currency, causing price plunge Baidu stops bitcoin payment after ban Baidu, China's biggest internet search engine, has stopped accepting bitcoins after the central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency. Bitcoin fell more than 20 per cent ...




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