News

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 »

Chinese bitcoin mining rig makers aim for billions in HK IPOs - sources

Alun John and Julie Zhu, Reuters
Posted at Aug 27 03:12 PM

Soaring cryptocurrency prices last year triggered a boom in demand for specialist mining chips and in developing "mines" - facilities with thousands of machines that create the coins by solving complex mathematical puzzles. Read more »

Hackers target smartphones to mine cryptocurrencies

Helene Masquelier, Agence France-Presse
Updated as of Aug 22 12:06 PM

This new type of cyberattack is called "cryptojacking" by security experts.  Read more »

Blockchain advocates push for clear regulation, consumer protection

ABS-CBN News
Posted at Jul 31 12:17 PM

Blockchain advocates said Tuesday they were pushing for clear regulation and consumer protection as more companies in the Philippines adopt the technology that powers cryptocurrencies. Read more »

Bitcoin slips below $8,000 as investors step away from risk

Reuters
Posted at Jul 31 08:36 AM

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets. Read more »

Facebook eases ban on cryptocurrency ads

Agence France-Presse
Updated as of Jun 27 07:22 AM

Facebook said Tuesday it was easing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets. Read more »

Digitized peso free from cryptocurrency speculation: RCBC

ABS-CBN News
Updated as of Jun 26 09:55 AM

The Philippines 10th largest lender launched the ePiso last March, allowing clients to transact using digital wallets. The bank said it would also help bring financial services closer to the countryside. Read more »