It lost 750,000 bitcoins to a "hacking attack"
, reports The New York Times
, a haul worth some $400m at the present exchange rate. This site
has some useful information on the cryptocurrency's fluctuating value.
Update: More from Cyrus Farivar at Ars:
Tsutomu Okubo, now a member of the Japanese parliament and a former banker at Morgan Stanley, told Ars that he had begun discussing new bitcoin-related regulation with the Financial Services Agency, the Ministry of Finance, and the Bank of Japan a year ago.
"However, their response is that Bitcoin is neither currency nor regulated settlement in Japan," he said by e-mail. "Regarding exchanges like MtGox there is no regulation now."
Kim Dotcom says he’s launching a Bitcoin payments system for users to sell content uploads, or charge for streaming live video.
A new Transparency International report ranks the world’s most superheated urban property markets to find the most corrupt and finds that Australia is a playground for offshore criminals looking to launder their money, because “real estate agents are not subject to the provisions of the Anti-Money Laundering and CounterTerrorism Financing Act 2006,” thus, “70 per […]
Bitcoin’s spiking prices have been driven almost entirely by Chinese money-launderers trying to beat the country’s currency controls — controls that have tightened so much that it’s tanking the world’s real-estate markets as offshore buyers abandon their deposits and disappear.
Even the most expensive pair of hi-fi headphones can’t match the feeling of bass rumbling through your body at a live show. That’s why music aficionados designed The Basslet, an accessory that reproduces that sensation from your wrist. Does it make your whole body shake with deep subs? Not really, because that would be terrifying, but […]
They probably just sleep a lot. But still, you can remotely keep an eye on them when you’re at work and missing them deeply with this HD monitor from Kodak.If you have a new puppy that destroys everything in sight, or you just want to be a little more security-conscious, this WiFi camera is a […]
Thinking of a business idea is the easy part. Doesn’t even have to be a “good” idea, you can still get people to throw money at a non-existent venture, but to do that you need to at least have something even resembling a viable business plan. Why doesn’t anyone do it then? Because building that semi-viable […]