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The US government began its final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where the virtual currency could be used to buy illegal drugs and other goods.
Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world.
A former US federal agent was sentenced to 78 months in prison for stealing bitcoins during the government's investigation of Silk Road and for secretly soliciting payment from the operator of the online black market for information on its probe.
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency's mainstream appeal is fading.
SYDNEY: Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency's mainstream appeal is fading.
A New Jersey-based bitcoin swap trading platform was sanctioned by US derivatives regulators after it allegedly facilitated illegal wash trades and then misled US regulators both through press releases and at a government-sponsored public meeting.
Australia's major banks are closing accounts of bitcoin companies, forcing at least 13 digital currency providers out of business in response to tougher rules on money laundering and terrorism finance, an industry body spokesman said.
US prosecutors have disclosed they are in discussions to resolve a case against a second Florida man linked to a massive data breach at JPMorgan Chase & Co, after saying they are engaged in similar talks with his co-defendant.
Japanese prosecutors have filed charges against Mark Karpeles, the former head of defunct bitcoin exchange Mt. Gox, accusing him of stealing US$2.7mil (RM11.6mil) of clients' money, media reported.