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MtGox opens call center after $500 million Bitcoin loss

The MtGox Bitcoin exchange, which last week sought bankruptcy protection in Japan, opened a helpline for anxious customers on Monday after unveiling a massive loss in a possible theft. The troubled exchange filed for protection with the Tokyo District Court Friday, admitting that it had lost nearly half a billion dollars worth of the

PayPal washes its hands of bitcoin scam

An eBayer has lost £5,300 after he was conned out of his bitcoins. Now he is being chased for money he is said to owe Will Phillips is £5,300 out of pocket after falling victim to a very 21st-century financial scam involving hacked PayPal accounts and the digital currency bitcoin. For the uninitiated, bitcoin

World’s first physical bitcoin retail store opens in Hong Kong

A shop selling the virtual Bitcoin currency opened in Hong Kong on Friday, as fresh concerns grew in Asia over the currency’s viability and security. Touting itself as the world’s “first” physical Bitcoin retail store, Hong Kong-based exchange ANXBTC said it could help raise the popularity of the crypto-currency. It came on the day

The info-access hack that changed the world

In March 1989, a 33-year-old British computer scientist working at CERN, the European Particle Physics Laboratory, wrote a proposal suggesting an easier way to keep track of the mountains of documents and data needed by scientists and engineers working…

Bitcoin exchange Mt. Gox blames hackers as it files for bankruptcy

By Yoshifumi Takemoto and Sophie Knight TOKYO (Reuters) – Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The collapse caps a tumultuous few

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