NEWSWORTHY
The myth of the stable cryptocurrency
The problems with the latest wave of cryptocurrencies will be familiar to anyone who has encountered even a single study of speculative attacks on pegged exchange rates.
¥6.7 billion in digital money stolen from Osaka firm
Hackers gained unauthorized access to the exchange’s hot wallets, which are less secure and where funds are held for immediate transactions.
SEC quashes more bitcoin ETF pitches in another blow to cryptocurrencies
The U.S. Securities and Exchange Commission has rejected another round of attempts to list exchange-traded funds backed by bitcoin, blocking ETFs from ProShares, GraniteShares and Direxion, on concern prices could be vulnerable to manipulation. In a trio of orders posted on the agency's website Wednesday, ...
Chinese police nab three suspects after $87 million cryptocurrency theft
Chinese police have arrested three suspects who allegedly stole assets worth 600 million yuan ($87 million) through hacking, state media reported Sunday, as cybercriminals target holders of Bitcoin and other virtual currencies. Police in the northern city of Xian began investigating in March when a ...
World's biggest Bitcoin-mining rig maker Bitmain eyes move into AI
The 1980s cyberpunk novels that predicted today's internet failed to conceive of anything as outlandish or contradictory as Bitcoin: A digital currency that's spent nowhere, a commodity that's used for nothing, and a libertarian dream that is effectively run by elites. Now, after its 66 ...
The country's financial watchdog plans to impose stricter regulations on bitcoin and other cryptocurrencies in the wake of the massive theft at Coincheck Inc., a Tokyo-based virtual currency exchange operator, in January and the use of such digital money for speculative investments. In April 2017, ...
Is bitcoin creator writing a book? Cryptic note indicates yes
Is the unknown creator of bitcoin writing a book about it? That could be concluded from a cryptic message posted Friday at a website possibly linked to Satoshi Nakamoto, the pseudonym used by the person or people who released the original bitcoin white paper in ...
Mt. Gox creditors get new avenue in years-long attempt to recover bitcoin losses
Things may be looking up for creditors of Mt. Gox, which was the world's biggest bitcoin exchange before going in flames after saying thousands of bitcoins had disappeared. The Tokyo District Court on Friday approved the start of civil rehabilitation proceedings, meaning the bankruptcy process ...
Ex-Goldman trader Yuzo Kano is hiring old rivals to build a cryptocurrency empire in Tokyo
Yuzo Kano is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs Group Inc. alumnus, who turned bitFlyer Inc. into Japan's largest bitcoin exchange, is scooping up traders and bankers from both his old employer and former rivals ...
Bitcoin heist suspect flees Iceland on flight carrying prime minister: state broadcaster
An Icelandic man arrested on suspicion of stealing about 600 computers used to mine the cryptocurrency bitcoin escaped prison and fled the country on a commercial flight to Sweden, Icelandic state broadcaster RUV said on Wednesday. The same Icelandair flight was also taking Icelandic Prime ...
Seven men arrested for alleged scam that cost company president bitcoins worth ¥190 million
Seven men in Hyogo Prefecture have been arrested on suspicion of swindling a man out of bitcoins worth around ¥190 million ($1.8 million), police said Wednesday. The police believe the men, all in their 20s, conned a Tokyo marketing firm president in his 40s into ...
Bitcoin investing is popular in Japan, but the nation has also had several high-profile cryptocurrency heists. Now, the central bank has come up with a rather negative Q&A for those seeking answers on cryptocurrencies. The page is called "Let's think about cryptocurrencies!" and was released ...
