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  • September 17, 2014
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  1. News - World - CURRENCIES

    Alternative coins rise to challenge bitcoin as the future of money

    Posted Nov 25th 2013, 09:18pm by NYT

    ... The New York Times Dozens of new virtual currencies are challenging the dominance of bitcoin 'Altcoins' doing their bit for future of money For many people, bitcoin seems like ... one of the biggest of the virtual currencies that are being promoted as alternatives to bitcoin. With mounting interest from prominent investors and growing acceptance from regulators, ...

  2. Comment - Insight & Opinion - MY TAKE

    Apple seeks a piece of the bitcoin frenzy

    Posted Mar 13th 2014, 04:31am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Apple seeks a piece of the bitcoin frenzy Apple wants a piece of the bitcoin frenzy, and the virtual currency community is angry. I mean, how dare Apple jump on the bitcoin bandwagon created by the mysterious Satoshi Nakamoto. The simple fact is the bitcoin community fears Apple will make it obsolete. Honestly, Apple can pour money into projects and do them ...

  3. News - Hong Kong - INTERNET

    CUHK just one of data hijackers' half a million targets

    Posted Aug 07th 2014, 04:25am by DANNY LEE

    ... of their servers. Users are then taken to a webpage demanding a ransom of 0.6 bitcoin (US$350) to free the information. The hackers have called their ransomware Synolocker and target systems using software developed by Taiwanese company Synology. Leonhard Weese, president of the Bitcoin Association of Hong Kong, warned of the effects of the cyberattack on bitcoin- the digital currency that was last ...

  4. News - Hong Kong - bitcoin

    Public warned against dangers of bitcoin

    Posted Dec 18th 2013, 05:13pm by Amy Nip

    ... Amy Nip The Secretary for Financial Services and the Treasury has warned the public against the potential dangers of bitcoin, saying it is highly unstable. “Bitcoin is not an electronic ... is not qualified to be used as an electronic currency. Citizens should beware of it.” Following the announcement by Cheap Air.com that it now accepts bitcoin as a method of payment for flights, IT sector ...

  5. Business - Money

    Winklevoss twins plan IPO for Bitcoin-tracking stock

    Posted Jul 02nd 2013, 03:04pm by Reuters

    ... exposure to the value of digital currency Bitcoins. Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell US$20 million worth of shares, with each share worth a fraction of a Bitcoin, a filing with the Securities and Exchange Commission showed on Monday. The shares are aimed at investors “seeking a cost-effective and convenient means ...

  6. Business - Banking & Finance

    Two sides of the bitcoin- wonder currency or tulip mania?

    Posted Nov 26th 2013, 11:49am by Kevin Rafferty

    ... Kevin Rafferty The virtual money is being hailed by fans as the wonder currency of the future and by detractors as the short-lived tulip mania of the 21st century Two sides of bitcoin ... the bitcoin is the currency of the future or an empty promise with nothing to back it so that it will and should fade away. The hearings before the US Senate last week illustrated the concern about ...

  7. Business - Banking & Finance - VIRTUAL CURRENCY

    Chinese e-commerce giant Taobao bans bitcoin

    Posted Jan 08th 2014, 03:50pm by Angela Meng and Danny Lee

    ... Angela Meng and Danny Lee Mainland's largest online marketplace cites new government regulations for digital currency ban Bitcoin banned by Taobao after Beijing tightens rules Taobao, China's largest e-commerce platform, yesterday banned cryptocurrency bitcoin, the mining software and related materials, citing new government regulations. The mainland giant said: "In ...

  8. Business - China Business

    Bitcoin spawns virtual IPOs in China

    Posted Aug 26th 2013, 12:00am by Bloomberg

    ... Bloomberg Mining of digital currency catches on with rising downloads on the mainland Bitcoin spawns virtual IPOs in China The Bitcoin craze is catching on in China. Sun Minjie ... for trading stocks and other financial instruments related to Bitcoin, where initial public offerings are also being held. He is part of a small but growing group of investors in China who have put ...

  9. Business - Banking & Finance - FINANCE

    Bitcoin value tumbles after BTC China exchange blocks renminbi deposits

    Posted Dec 18th 2013, 06:13am by DANNY LEE, Angela Meng and Amy Nip

    ... using virtual money Bitcoin hit by Beijing ban on clearing Bitcoin prices have gone into freefall after Shanghai-based exchange BTC China yesterday blocked renminbi deposits, sparking a major ... currencies. A continued crackdown on bitcoin trading on the mainland prompted unconfirmed reports last night that the People's Bank of China had been hit by a "retaliatory" ...

  10. Business - Comment - MONITOR

    The fatal flaw with internet currency

    Posted Jul 17th 2013, 12:00am by Tom Holland

    ... seize their citizens' holdings, just as US president Franklin Roosevelt did in 1933. As a result, enthusiasts have identified another possible replacement for the US dollar: the Bitcoin. Invented in 2009, Bitcoins are a digital currency designed to allow users to make internet payments at minimal cost. The system is decentralised. Instead of transactions being cleared through ...




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