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  • November 28, 2014
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  1. Business - Banking & Finance - bitcoin

    Mt Gox exchange shutdown sparks Chinese bitcoin gold rush

    Posted Feb 26th 2014, 11:32pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Exchange closure sparks bitcoin rush Chinese investors rushed to buy bitcoin, seeing it as potentially undervalued, after the value of the virtual currency fell following the shutdown of the Mt Gox bitcoin exchange this week. Since Tuesday, more than 30,000 bitcoins have changed hands in China. That's four times the usual trade volume, ...

  2. News - World - FINANCE: ANALYSIS

    Failure of Mt Gox bitcoin exchange hurts virtual currency’s prospects

    Posted Feb 26th 2014, 09:14pm by AP

    ... Associated Press in Tokyo Collapse of Tokyo-based Mt Gox could be fatal to virtual money's quest to gain wider acceptance Failure of bitcoin exchange hurtscurrency's outlook The sudden disappearance of one of the largest bitcoin exchanges adds to the mystery and mistrust surrounding the virtual currency, which was beginning to gain legitimacy beyond the technology ...

  3. Comment - Blogs - bitcoin

    SCMP’s Bitcoin Daily Report: Mt Gox loses Bitcoin Foundation role

    Posted Feb 24th 2014, 05:55pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Mt Gox chief executive Karpeles resigns Mt Gox chief executive Mark Karpeles resigned on Sunday from the board of the Bitcoin Foundation, putting the spotlight back on the besieged bitcoin company. In a statement posted on the industry lobby group’s website, executive director Jon Matonis said the Tokyo-based firm had submitted its resignation from ...

  4. Business - Banking & Finance - FINANCE

    Bitcoin exchange Mt Gox faces questions over US$350m theft

    Posted Feb 25th 2014, 11:56pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Mt Gox goes offline amid bankruptcy rumours after huge theft of customers' digital currency, 'which went unnoticed for several years' Bitcoin exchange loses US$350 m The once dominant virtual currency exchange Mt Gox, now a shadow of its former self, was keeping silent over the theft and mismanagement of US$350 million worth of bitcoins ...

  5. Business - Banking & Finance - Money

    Hong Kong's first bitcoin shop to open this week in Sai Ying Pun

    Posted Feb 23rd 2014, 05:11am by DANNY LEE, Angela Meng

    ... Danny Lee and Angela Meng Outlet will turn cash into virtual currency, while three other firms pursue plans for ATMs New shop first in HK to sell bitcoin over the counter Hong Kong's first retail outlet for the virtual currency bitcoin will open on Friday. The 400 sq ft shop in Sai Ying Pun, in Hong Kong Island's Western district, is the brainchild of Asia Nexgen ...

  6. Business - China Business - E-COMMERCE

    Central bank sends mixed signals on online payments

    Posted Jul 21st 2014, 03:18am by DON WEINLAND

    ... founder of Shanghai-based research firm Kapronasia. The emergence of the digital currency bitcoin on the mainland tested the tolerance of the bank over the last year. With negligible oversight, ... framework for bitcoin by issuing licences for exchanges. That never happened. Instead, it asked all exchanges to stop bitcoin transactions by April 15, demonstrating a lack of tolerance ...

  7. News - World - CURRENCIES

    MIT to give US$100 of bitcoin to all students to foster use of virtual currency on campus

    Posted Apr 30th 2014, 11:12pm by GDN

    ... The Guardian US$500m project backed by university graduate aims to foster virtual currency use MIT to give US$100 of bitcoin to all students Undergraduates at the Massachusetts Institute of Technology will be given US$100 worth of bitcoin when they return to study this autumn, in an attempt to jumpstart a bitcoin ecosystem. The project is being led by Jeremy Rubin, 19, an undergraduate ...

  8. Comment - Blogs - bitcoin

    SCMP’s Bitcoin Daily Report: Silk Road 2 picks up the pieces

    Posted Feb 18th 2014, 01:37pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Payback for Silk Road 2 customers Controversial marketplace Silk Road 2 has pledged to refund customers after it said 4,500 bitcoins were stolen in a major ... contributed tips on the attackers’ identities.” Book deal in offing Global publisher Penguin Random House has signed a deal to publish a book about bitcoin and Silk Road next year. Penned by Brian ...

  9. Comment - Blogs

    SCMP’s Bitcoin Daily Report: Mt Gox’s never-ending image problem

    Posted Feb 18th 2014, 12:10pm by DANNY LEE

    ... does justice to say it has slumped to its lowest level since November last year as prices skyrocketed in 2013. Once a darling of bitcoin users, Mt Gox's depressed price has runaway with itself, with a more than US$350 price difference between them and other leading exchanges. Before now, it could boast that it was one of the top, if not the top, trading platforms for Bitcoin ...

  10. Comment - Blogs - bitcoin

    SCMP's Bitcoin Daily Report – a dark twist for Silk Road 2

    Posted Feb 14th 2014, 11:21am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com 4,500 bitcoins stolen: reports The dark side of the bitcoin world has reared its ugly head once more with news of major bitcoin heist. Silk Road 2, the second incarnation of the online black market, has informed its users that its entire holding of bitcoin has gone. The heist of 4,476 bitcoins is worth US$2.5 million at current market rates. Silk Road ...




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