Bitcoin News Review 25 August 2016
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The digital currency has taken a dive after the Hong Kong-based exchange platform Bitfinex was hacked. It's only the latest scandal to affect the bitcoin community in recent years. Nearlyunits of bitcoin were stolen, causing the digital currency to plunge to 13 percent, according to Bloomberg. Bitfinex, the Hong Kong exchange platform that was targeted, said it hadn't decided how to address customers' losses.
The hack brought to light once more concerns about the security of the web-based currency. Last year, Bitfinex announced it was working with BitGo, a Palo Alto-based bitcoin security platform, which uses multiple signatures in order to securely store customers' deposits online.
The company commented about the breach on Twitter, insisting there was no evidence of a breach to its security system. At the time the largest bitcoin exchange platform in the world, Mt Gox was forced to file for bankruptcy not long after the attack.
Bitcoin has generated controversy since its inception inlargely due to its alleged use by criminals in the global black market. The true identity of its shadowy inventor, Satoshi Nakamoto, is still under dispute. Spying on the digital underground requires discreet and tech-savvy cops. Germany's Federal Criminal Police Office has presented a new study on cybercrime. The BKA does not intend to shut the darknet down. German police said that the year-old Munich gunman had procured his weapon through an online black market site.
British journalist Jamie Bartlett tells DW about the murky world of black market e-commerce. Entrepreneur Craig Wright has reneged on a promise to provide proof that he created the online cryptocurrency bitcoin.
On his blog, he said he did "not have the courage" to step forward as unknown creator. Vietnam has launched an investigation into a multi-million-dollar cryptocurrency scam, ordering a crackdown on trading in the highly-popular iFan and Pincoin digital currencies in its lightly regulated market.
Apple Inc supplier Foxconn has agreed to manufacture a bitcoin news 2016 august phone from startup Sirin Labs. The contract electronics maker's entry has heated up bitcoin news 2016 august race for a phone aimed at digital coin aficionados. As cryptocurrencies become increasingly mainstream, bitcoin news 2016 august small island nation will launch the first digital legal tender. Lawmakers hope the residents will use the SOV for everything from paying taxes bitcoin news 2016 august buying groceries.
DW News presents the most important news — in brief, quickly and up-to-date. Change it here DW. COM has chosen English as your language setting. COM in 30 languages. News German President Steinmeier notes 'substantial change' in trans-Atlantic ties What to expect from the Russian president's next term Business Deutsche Bank pilots 'disruptive" payments solution for airlines News Bitcoin plummets after hackers steal millions of bitcoin news 2016 august from exchange The digital bitcoin news 2016 august has taken a dive after the Hong Kong-based exchange platform Bitfinex was hacked.
Second-biggest hack The company commented about the breach bitcoin news 2016 august Twitter, insisting there was no evidence of a breach to its security system. Selling on the darknet? The BKA is buying bitcoin news 2016 august Spying on the digital underground requires discreet and tech-savvy cops.
The 'darknet' and the Munich murder weapon German police said that the year-old Munich gunman had procured his weapon through an online black market site. Self-proclaimed bitcoin creator Craig Wright backpedals on proof Entrepreneur Craig Wright has reneged on a promise to provide proof that he created the online cryptocurrency bitcoin.
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