News

Geek turned Bitcoin baron tracks cryptocurrency's rise and fall

Agence France-Presse
Posted at Mar 13 03:24 PM

Once described as a geek who stuffed himself with snacks in front of his computer, Mark Karpeles rose to head a firm that once claimed to handle 80 percent of the world's bitcoin transactions. Read more »

JPMorgan Chase unveils cryptocurrency prototype

Agence France-Presse
Posted at Feb 15 04:38 AM

JPMorgan Chase on Thursday unveiled a prototype for a digital coin system using blockchain, a first among major banks as disruption accelerates change in financial services.   Read more »

Police raid ROSES4U Inc. for scamming Malaysians, Europeans

Maan Macapagal, ABS-CBN News
Posted at Feb 12 10:51 PM

The PNP-ACG and the Securities and Exchange Commission raided a company for allegedly operating an online investment scam targeting Malaysian and European investors.  Read more »

Millions in cryptocurrencies frozen after Canadian founder's death

Tyler Choi, Reuters
Posted at Feb 05 11:28 AM

Quadriga founder Gerald Cotten, the only person with the password to the platform, died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India. Read more »

EU banking watchdog says new cryptoasset rules may be needed

Huw Jones, Reuters
Posted at Jan 09 05:44 PM

New European Union rules may be needed to better protect consumers from cryptoasset risks and stop diverging national regulations from creating unfair competition, the bloc's banking watchdog said on Wednesday. Read more »

Mga sundalo, pulis 'natangayan' ng milyon-milyon sa investment scam

ABS-CBN News
Posted at Dec 19 05:30 PM

Nagtiwala ang isa sa mga biktima dahil sa unang anim na buwan ay naibibigay pa raw ang kita ng kaniyang investment.  Read more »

Police probe hoax bitcoin bomb threats across US, Canada

Reuters
Posted at Dec 15 11:19 AM

US law enforcement officials on Friday were investigating a wave of hoax emailed bomb threats demanding bitcoin payment that caused worry but no damage in the United States, Canada, Australia and New Zealand. Read more »

How gov't, business can use blockchain for transparency

ABS-CBN News
Posted at Dec 10 10:22 AM

Aside from cryptocurrency exchanges, blockchain can also be used in critical business and financial transactions, philanthropy and even elections, Traxion Tech Inc founder and CEO Ann Cuisia told ANC.  Read more »

Boxer Floyd Mayweather and 'DJ Khaled' charged by SEC over token offerings

Katanga Johnson, Reuters
Posted at Nov 30 08:24 AM

Reuters reported this week on the rise in self-proclaimed social media personalities who charge thousands of dollars for positive reviews of cryptocurrencies without disclosing their investments in the asset. Read more »

Bitcoin crashes to lowest this year, losses top 25 percent in a week

Tom Wilson and Tommy Wilkes, Reuters
Posted at Nov 21 08:29 AM

Bitcoin sunk as far as $4,327, its lowest since October 2017. By mid-afternoon Tuesday, it was trading around $4,750 on the Bitstamp exchange. Read more »

Bitcoin falls below $5,000 for first time since 2017

Dmitry Zaks, Agence France-Presse
Posted at Nov 20 08:14 AM

Bitcoin, the world's most popular virtual currency lost 12.5 percent of its value from Friday evening to stand at $4,914.21 by 1930 GMT Monday (3 a.m. Tuesday in Manila), according to data compiled by the Coinbase digital exchange. Read more »

Blockchain tech tapped to monitor aid delivery

ABS-CBN News
Posted at Nov 12 10:56 AM

Aside from mobile wallets, money transfer and crowdfunding, blockchain can also be used by the government to protect data included in the National ID system and even during elections, Cuisia said. Read more »

Mining bitcoin uses more energy than Denmark: study

Marlowe Hood, Agence France-Presse
Posted at Nov 06 07:24 AM

There are now hundreds of virtual currencies like bitcoin and an unknown number of server farms around the world running around the clock to unearth them, more than half of them in China, according to a recent report from the University of Cambridge. Read more »

Birthday blues for bitcoin as investors face year-on-year loss

Tom Wilson, Reuters
Posted at Oct 31 10:24 PM

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year's bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying. Read more »

HK cryptocurrency firm gets provisional license in PH

ABS-CBN News
Posted at Oct 30 03:15 PM

The provisional license will allow Hong Kong's Asia Premiere International Ltd firm to undertake cryptocurrency transactions. Read more »

Rise, fall and suspense: Bitcoin's wild first decade

Kevin Trublet, Agence France-Presse
Posted at Oct 23 12:43 PM

Here is a look back at some of the trials and tribulations of the world's most popular virtual currency as it stands on the brink of either mass market acceptance -- or early retirement. Read more »

$60 million in virtual currency hacked in Japan

Agence France-Presse
Posted at Sep 20 12:18 PM

Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred. Read more »

Cryptocurrency exchanges at risk of manipulation: US report

Anna Irrera, Reuters
Posted at Sep 19 09:58 AM

The New York Attorney General found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk. Read more »

Blockchain seen making inroads in energy sector

ABS-CBN News
Posted at Aug 29 10:53 PM

An advocate of blockchain says the technology can be used to decentralize the energy market and make it more transparent.    Read more »

Venezuela orders banks to adopt cryptocurrency

Agence France-Presse
Posted at Aug 28 12:17 PM

Public and private banks must now reflect all financial information in bolivars and petros, according to a resolution of the Sudeban banking regulator. Read more »