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Facebook reveals plans for Libra cryptocurrency, targeting first half of 2020 for launch

Business Jun 18, 2019

Facebook reveals plans for Libra cryptocurrency, targeting first half of 2020 for launch

Facebook Inc. revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which ...

Binance says hackers stole 7,000 bitcoin worth $40 million from its exchange, one of the world's largest

Business / Corporate May 8, 2019

Binance says hackers stole 7,000 bitcoin worth $40 million from its exchange, one of the world's largest

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 ...

Solving the world's largest bitcoin heist

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, ...

Bitcoin's sudden, puzzling surge propels it above $5,000, as other cryptocurrencies rally

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 ...

Mt. Gox bitcoin exchange founder Mark Karpeles gets suspended term for falsifying data but is cleared of embezzlement

National / Crime & Legal Mar 15, 2019

Mt. Gox bitcoin exchange founder Mark Karpeles gets suspended term for falsifying data but is cleared of embezzlement

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.

Tripling in value of Binance Coin, the cryptocurrency of the hour, echoes bitcoin's glory days

Business Mar 15, 2019

Tripling in value of Binance Coin, the cryptocurrency of the hour, echoes bitcoin's glory days

by Olga Kharif

The cryptocurrency boom appears to be alive and well for Binance, the world's largest digital-asset exchange by trading volume. One of the hottest coins right now is the Malta-based exchange's eponymous token, Binance Coin, which has more than tripled in value in the last three ...

National / Crime & Legal Mar 15, 2019

In Japan's first case of its kind, 18-year-old sent to prosecutors over ¥15 million cryptocurrency theft

An 18-year-old boy was referred to prosecutors Thursday for allegedly stealing about ¥15 million ($134,300) worth of cryptocurrency last year by hacking a digital currency storage website, police said. The case is the first in Japan in which criminal charges have been pursued against a ...

Cases of money laundering linked to cryptocurrency in Japan up tenfold in 2018

National / Crime & Legal Feb 28, 2019

Cases of money laundering linked to cryptocurrency in Japan up tenfold in 2018

Cryptocurrency can be transferred largely anonymously, with police saying that in some cases virtual currency was used to pay for illegal drugs or child pornography.

Business / Financial Markets Jan 12, 2019

Coincheck wins approval to run cryptocurrency exchange a year after massive theft

About a year after a massive digital heist that shocked the cryptocurrency industry around the world, Japan's financial watchdog gave Coincheck Inc. the green light Friday to officially run a virtual currency exchange. Following the Coincheck hacking case in late January that cost the Tokyo-based ...

National / Crime & Legal Dec 6, 2018

6,000 cryptocurrency laundering cases reported to Japanese police from January to October

Nearly 6,000 cases of suspected money laundering linked to cryptocurrency were reported to police in the January to October period, National Police Agency officials said Thursday. The figure is more than eight times higher than the 669 cases reported from April to December last year. ...

'Summer Davos' in China casts spotlight on technological advances beyond Silicon Valley

National Sep 27, 2018

'Summer Davos' in China casts spotlight on technological advances beyond Silicon Valley

by Sayuri Daimon

The award-winning virtual reality film "Tree" offers a rare multisensory experience of becoming a rainforest tree from a seedling in just 15 minutes. Reading a short speech into a microphone analyzes your voice and tells who you are — your sex, height, skull type, ...

Japan's Financial Services Agency criticizes hacked crypto-exchange over lack of details on $62 million theft

Business / Financial Markets Sep 25, 2018

Japan's Financial Services Agency criticizes hacked crypto-exchange over lack of details on $62 million theft

Cryptocurrency firm Tech Bureau Corp. has failed to provide adequate details on how thieves hacked into its exchange to steal ¥7 billion ($62 million), or explained its delay in reporting the hack, the country's financial regulator said on Tuesday. The Financial Services Agency issued a ...

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