According to the South China Morning Post, Hong Kong’s central bank has warned people against investing in virtual currencies like Bitcoin. The decision came after the bank across with local media reports that a Bitcoin exchange may have run off with $387 million in client funds. This is expected to be one of the biggest Bitcoin scandal. The authorities say that if it comes true the Bitcoin scandal is similar to the one that happened with ...
Originally Posted by matfx Ex Goldman Trader Opens Bitcoin Exchange Yuzo Kano quit Goldman Sachs Group Inc. (GS) twice: once for a rival bank, the second time to open Japan’s first bitcoin exchange since the collapse of Mt. Gox. When Kano, 38, left his job as a derivatives and convertible bonds trader in December, bitcoin had climbed to a record $1,151. Three months later, it was worth half that after a $530 million heist at Tokyo-based Mt. Gox bankrupted ...
Bitcoin News Mash-up: Former VISA Executive Joins BitPay; CoinLab Assists Mt. Gox; RBA Views on Cryptocurrencies Former Visa Executive Joins BitPay BitPay , the world leader in offering Biitcoin payment processing, recentky announced that it will appoint former VISA emploee Tim Byun as Head of Legal and Compliance of the company. In his tenure at VISA, Tim was the head of anti-money laundering and counter-terrorism department. ...
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