Japan charges Bitcoin exchange CEO with embezzlement

Last Updated: Friday, September 11, 2015, 12:58

Japanese prosecutors said Friday that they have charged the head of collapsed Bitcoin exchange MtGox with embezzlement, amid fraud allegations over the disappearance of hundreds-of-millions-of-dollars-worth of the virtual currency.

Bitcoin: Key facts you should know

Last Updated: Friday, September 11, 2015, 12:30

Bitcoin is a virtual currency that is created from computer code. Unlike a real-world currency like the US dollar or the euro, it has no central bank and is not backed by any government.

Japanese police arrest CEO of MtGox Bitcoin exchange

Last Updated: Saturday, August 1, 2015, 14:33

Japanese police on Saturday arrested Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations lead to its spectacular collapse and hammered the digital currency's reputation.

Indian startup sets up crypto-currency platform for Greeks

Last Updated: Sunday, July 12, 2015, 18:21

The company, named Trestor Foundation, also claims it is the only global organisation that can help people in Greece to get the money despite the capital control on bank withdrawls imposed by the government there.

Federal agents stole Bitcoin in Silk Road probe: US

Last Updated: Monday, March 30, 2015, 23:54

Two undercover federal agents in the investigation of Bitcoin market Silk Road extorted and stole hundreds of thousands of dollars worth of the virtual currency for themselves, the US said Monday.

Investors robbed of $11 mn Bitcoins in four years: Study

Last Updated: Saturday, January 31, 2015, 13:45

Frauds such as online ponzi schemes have skimmed at least $11 million in Bitcoin deposits from unsuspecting cyber customers over the past four years, a study says.

Overstock begins accepting Bitcoins in payment

Last Updated: Saturday, January 11, 2014, 13:11

Online retailer Overstock has reportedly started accepting virtual currency Bitcoins as a form of payment.

RBI cautions users of virtual currencies of potential risks

Last Updated: Tuesday, December 24, 2013, 19:24

With growing interest and reporting about virtual currencies like Bitcoins, the Reserve Bank on Tuesday said these are highly speculative and unregulated instruments, cautioning users about the potential financial, operational, legal security risks.