Ever since Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy in February 2014, investigators have been puzzled by the disappearance of virtual currency worth hundreds of millions of dollars from its digital vaults. Mt. Gox, which claimed it once hosted around 80 percent of bitcoin ...
Bitcoins worth the equivalent of about $13 million will be auctioned in Sydney in June after Australian police confiscated the digital currency as proceeds of crime, an official said Tuesday. Ernst & Young will be running the process, which is only the second such bitcoin ...
The Cabinet on Friday approved a set of bills to help banking groups expand their information technology businesses and to recognize virtual currencies as having a function similar to real money. Under the revised banking bills, bank-holding companies will be able to acquire IT-related ventures. ...
Prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing ¥321 million ($2.7 million) of clients' money. The French-born Karpeles, 30, was arrested last month in connection with the disappearance of hundreds of millions of ...
A former U.S. Secret Service agent pleaded guilty on Monday to diverting to his personal account over $800,000 worth of bitcoins during an investigation into online drug marketplace Silk Road. Shaun Bridges, 33, appeared in federal court in San Francisco and admitted to money laundering ...
Along with preventing the abuse of the virtual currency transactions for money laundering and criminal purposes, new cybermoney regulations should aim to protect the interests of its users.
The Tokyo District Court on Wednesday dismissed a lawsuit by a man seeking repayment for bitcoins he kept in an account at the bankrupt exchange Mt. Gox Co., with the ruling saying the virtual currency is "not subject to ownership" claims. Last June, the Kyoto ...
BitOcean, a Chinese bitcoin startup, joined with New York-based exchange platform Atlas ATS Inc. to bid for the assets of Mt. Gox, the exchange platform that filed for bankruptcy in Japan earlier this year. BitOcean and Atlas will invest $1 million worth of bitcoins to ...
The government is vowing to monitor illegal transactions of bitcoins, but will put off regulating trade of the online digital currency, according to government and ruling party officials. Amid fears that criminal organizations have used bitcoins in money laundering and drug deals, the Ministry of ...
Bitcoins appeal to people's libertarian side, because they challenge the control of money by governments that too often see inflation and deflation as instruments of policy. This virtual currency suggests the possibility of a future in which networks of individuals can make transactions for ...
It's been an amazing month for Bitcoin, the decentralized payment network that got a surprisingly positive reception last week at a pair of Senate hearings. At the start of this month, one Bitcoin traded for just a bit more than $200. By midmonth, it had ...
