• Thu
  • Apr 17, 2014
  • Updated: 5:00am

Bitcoin

Bitcoin, released to the world in 2009 by a person or people called Satoshi Nakamoto, is not backed by a central bank or a government and is seen as an alternative payment system. In February 2013, Bitcoin went into the mainstream as a monetary crisis threatened to bankrupt Cyprus, seen as a safer bet. Early adopters of Bitcoin have been richly rewarded as the price has soared – in one case, a young Norwegian bought a house from an $850,000 windfall on a US$22 investment.

Mt. Gox bitcoin exchange to liquidate after bankruptcy protection rejected

The Mt. Gox bitcoin exchange in Tokyo is heading for liquidation after a court rejected its bankruptcy protection application.

Thursday, 17 April, 2014, 4:10am

Bitcoin exchange skirts ban by banks

BTC China, one of the country's leading digital currency exchanges, has installed the mainland's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies.

17 Apr 2014 - 1:09am

Bitcoin meets bricks and mortar

Forsyth Real Estate, a Sydney-based property broker, will accept property deposits and payments from sellers in virtual currency bitcoin to lure business from Chinese homebuyers.

2 Apr 2014 - 6:39am 1 comment

US slaps tax on bitcoin as IRS deems it to be 'property'

Hong Kong should have a clear stance on regulating the bitcoin virtual currency and whether it should be taxed, financial analysts say.

They were speaking after a decision by the United States Internal Revenue Service on Tuesday to treat virtual currency as property for tax purposes, instead of as currency.

27 Mar 2014 - 11:40am 3 comments

Alleged bitcoin founder Dorian Nakamoto hires lawyer to clear name

The man Newsweek claimed is the creator of bitcoin has hired a lawyer in an attempt to clear his name, repeating a denial that he has ever had anything to do with the digital currency.

18 Mar 2014 - 9:07pm

Three companies set to launch bitcoin ATMs in Hong Kong within days

Two companies, ANXBTC Bitcoin and the Bitcoin Group Hong Kong, both announced yesterday that they plan to launch ATMs within days. While ANX has yet to decide on a location, the Bitcoin Group's first machine will be in operation today at Mr Bing, a Chinese pancake restaurant, in Central.

14 Mar 2014 - 5:19pm 3 comments

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.

13 Mar 2014 - 4:41am 4 comments

Media frenzy in US after Newsweek says it tracked down bitcoin's creator

The day started with a possible answer to one of the digital era's greatest mysteries: who created the bitcoin virtual currency that has become a multibillion-dollar global phenomenon?

8 Mar 2014 - 4:16am 3 comments

Bitcoin value makes it worthwhile target for hackers

A rise in the value of bitcoin is offering irresistible hacking opportunities to cybercriminals, according to a software security company. While the virtual currency reels from a US$600,000 heist that forced Canada-based Flexcoin bank to close down this week, Goh Su Gim, from Finnish-based security software firm F-Secure, said Zero Access, a virus of the type known as a "Trojan horse", was a serious threat to the virtual currency.

7 Mar 2014 - 5:13pm 2 comments

Singapore police probe ‘unnatural’ death of American CEO of bitcoin trader

Police are investigating the death of the 28-year-old American boss of a Bitcoin exchange found dead at the base of a Singapore apartment block.

They say Autumn Radtke's death - the latest misfortune linked with the troubled virtual currency - appears "unnatural".

6 Mar 2014 - 11:52pm

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