The former CEO of the now-defunct bitcoin exchange Mt Gox is preparing to head to trial in Japan next week where he faces embezzlement charges relating to the disappearance of around 650,000 bitcoins. French-born Karpelès, who was released on bail last year from a Tokyo detention house on the condition that he didn’t leave Japan, is expected …
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The hackers behind the NotPetya ransomware have emerged again. This time they are demanding a one-off payment of 100 bitcoins to unlock victims’ files. On the 27th June, reports of a global cyberattack emerged that started in the Ukraine, crippling its computer systems. Infecting some of the world’s biggest organisations, the ransomware targeted 60 countries and around …
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The world’s biggest international financial institution that provides financial and technical assistance has launched a blockchain lab aimed at improving life in developing nations. Established in 1944, the World Bank Group is located in Washington, D.C., with more than 10,000 employees worldwide in over 120 countries. With more than one billion people living in poverty worldwide in …
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Bitcoin as we know it doesn’t exist in a paper form, which is one of the reasons why it’s so popular, but there are many who may have wondered what bitcoin paper bills would look like if it was in circulation. Well now, we can have some idea of what they may look like. In …
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A luxury seven-bedroom, six-bathroom house for sale in Canada has been listed on the Beijing Craigslist website for an eye-watering 1,075 bitcoins. The property advert, which was listed in the Vancouver suburb of Coquitlam at 1756 Hampton Dr. Located near the 18th hole of the Westwood Plateau Golf and Country Club, the advertisement has since been deleted by the author. However, according …
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An Indian intergovernmental committee tasked with looking into whether digital currencies such as bitcoin should be regulated is due to submit its report at the end of July. Earlier in February, the Reserve Bank of India (RBI) issued a statement regarding its stance on bitcoin, stating that it would be the public’s responsibility for the …
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A surge of interest in bitcoin has seen its price reach new heights, yet the excitement of the digital currency market in China has been watered down due to the nations government who wants to control bitcoin. According to a salesperson at Huobi, one of the ‘Big Three’ digital currency exchanges in China, the platform is …
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Claims that bitcoin is in a bubble are frequent statements that the digital currency community are used to hearing, and now someone new has jumped on board adding their voice to the mill. Jim Rickards, bestselling author and currency expert, believes that bitcoin is in a bubble. Why, though, does he think this? The Currency …
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A rising number of Venezuelans are turning to digital currencies such as bitcoin as the country continues to battle a political, economic and social crisis. In February 2017, inflation in the country is reported to have soared to 741 percent year-on-year. In December 2016, inflation rose by 800 percent, reaching an all-time high. In comparison, …
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A man known for his ability to make uncanny predictions with future innovations has said that he won’t be putting money into bitcoin, stating that the digital currency won’t be the replacement for fiat currencies. Ray Kurzweil, Google’s director of engineering, made these comments at the Exponential Finance Summit, a New York City technology conference that was …
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Romania’s central bank has reportedly issued a new statement confirming its position remains the same regarding the digital currency bitcoin and has warned users from it. In 2015, the Banca Naţională a României (BNR), the central bank of Romania, first warned the public about using bitcoin for payments due to its high volatility in an official notice; however, …
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As Russia’s Central Bank explores the ways in which it can regulate the digital currency Bitcoin, the bank’s governor has raised questions as to whether it can be classed as a currency. In a recent interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, stated that she views Bitcoin as a digital asset …
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