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Regulators ordered Australia's Bitcoin Group Ltd to stop making public statements about its plans to undertake the world's first initial public offering of a virtual currency exchange after the company approached potential Chinese investors via social media.
Hong Kong lawmakers urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to US$387mil(RM1.4bil).
HONG KONG (Reuters) - Hong Kong lawmakers on Wednesday urged authorities to ban bitcoin as more than 25 people flocked to police headquarters to complain over a scam involving the digital currency that media estimate could have duped investors of up to $387 million (253 million pounds).
The suspected mastermind behind the underground website Silk Road was convicted on narcotics and other charges for his role in orchestrating a scheme that enabled around US$200mil (RM716mil) of anonymous online drug sales using bitcoins.
Cameron and Tyler Winklevoss are trying to firm up support by creating the first regulated Bitcoin exchange in the United States, dubbing it the Nasdaq of Bitcoin, the New York Times reported.
DHAKA: Bangladesh security forces have arrested more than 7,000 opposition activists since the start of deadly protests a fortnight ago, the government said. Activists have firebombed buses, cars and lorries – killing 29 people – since the opposition called a nationwide transport blockade to protest the detention of their leader Khaleda Zia. Industries Minister Amir Hossain Amu told reporters that 7,015 people had been arrested in the 15 days since the blockade began. — AFP
A Florida plumber who operated an underground bitcoin exchange selling the digital currency to users of the black market website Silk Road was sentenced to four years in prison.
A US agent investigating Silk Road told jurors at a trial of accused operator Ross Ulbricht that he believed in 2013 that the former chief of the Mt. Gox bitcoin exchange, Mark Karpeles, may have been the mastermind behind the black market website.