Business / Financial Markets Jun 24, 2019
Guardians of money bristle at Mark Zuckerberg's new financial order
Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. 'It's out of the question" that the social-media giant's digital money compete with sovereign currencies, Le Maire ...
Business / Corporate Jun 20, 2019
Line Corp., the nation's largest messaging app, is close to obtaining a license to launch a cryptocurrency exchange in Japan, according to people familiar with the matter. The Financial Services Agency could issue the license as early as this month, with exchange operations starting a ...
Business Jun 17, 2019
Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will ...
Business / Corporate May 8, 2019
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoin worth about $40 million via a single transaction in a "large scale security breach," the latest in a long line of thefts in the digital currency space. The hackers used a "variety ...
Business / Tech Apr 24, 2019
John McAfee vows to unmask bitcoin pioneer Satoshi Nakamoto within days
John McAfee, the eccentric antivirus pioneer known for his brushes with the law, said he has spoken with bitcoin creator Satoshi Nakamoto and plans to reveal the person's identity shortly. The background of Nakamoto — a pseudonym that is thought to refer to a person ...
Business / Financial Markets Apr 24, 2019
SoftBank's Masayoshi Son lost $130 million in bad bet on bitcoin, report says
SoftBank founder Masayoshi Son made a huge personal bet on bitcoin just as prices peaked, losing more than $130 million, the Wall Street Journal reported.
Asia Pacific / Crime & Legal Apr 23, 2019
Thailand's navy on Monday began towing to shore the floating cabin of a fugitive U.S. citizen and his Thai girlfriend, both prominent members of the "seasteading" movement who face possible death sentences for setting up their offshore home. The cabin set on top of a ...
National / Media | DARK SIDE OF THE RISING SUN Apr 6, 2019
Solving the world's largest bitcoin heist
by Jake Adelstein
"Imagine someone stole everything in your store and you reported the crime to the police," says Nobuyasu Ogata, defense lawyer for Mark Karpeles. Karpeles, 33, is the former CEO of Mt. Gox, once the largest bitcoin exchange in the world. "A year later," Ogata says, ...
Business / Financial Markets Apr 2, 2019
Bitcoin's sudden, puzzling surge propels it above $5,000, as other cryptocurrencies rally
Bitcoin climbed suddenly Tuesday to the highest level since November, leading a surge in virtual currencies and ending three months of calm in the $160 billion market. Traders struggled to pinpoint a reason for the rally, which increased the value of digital assets tracked by ...
Business Mar 30, 2019
Mark Karpeles, who headed Mt. Gox, a Japan-based bitcoin exchange that went bankrupt after a massive hack, is appealing his conviction on charges of manipulating electronic data. Karpeles' lawyer Nobuyasu Ogata said Friday his client was just trying to reduce risks for Mt. Gox users. The ...
National / Crime & Legal Mar 15, 2019
by Magdalena Osumi and Ryusei Takahashi
Mark Karpeles gets a suspended term for data manipulation related to the scandalous disappearance of 850,000 bitcoins in 2014 but is found not guilty of embezzlement.