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5 selected articles

Man Mourns Loss of $75 Million Bitcoin Cache He Threw in ...

Most people toss out dated data storage devices without regrets, but one Welshman is still looking forward to retrieving his inadvertently binned Bitcoin fortune from a junk yard.

This heart-breaking story started back in 2010, when James Howells from Newport, Wales, spilled a drink on his Dell laptop and dismantled it for parts. For the next three years, he kept its hard disk drive somewhere...

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UK Clamps Down on Bitcoin in Fight Against Money ...

The new anti-Bitcoin measures that are expected to be implemented in the new year form a part of the broader push by the UK Treasury to clamp down on money-laundering and tax-evasion in  cyber space and by such tech giants as Google and Amazon.

A Treasury spokesman, quoted by the Telegraph, said on Sunday: "We intend to update regulations to bring virtual currency exchange platforms into Anti-Money Laundering and Counter-Terrorist Financing regulation."

In early October, Economic Secretary of the Treasury Stephen Barclay wrote to the British Parliament that  Theresa May's government was working on a new set...

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Bitcoin Mining Companies Face Shutdown in Southwest China

Bitcoin mining companies have been shut down or relocated in Mabian Yi Autonomous County, home to a prosperous mining industry in southwest China's Sichuan province, and the reason for the phenomenon is unclear.

© Sputnik/ Alexander Liskin

Japan, China and South Korea to Pursue Joint Research in the Arctic

The shutdown is made more puzzling by the fact that the value...

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Coal Exports Banned? No Problem: North Korea Goes Bitcoin ...

North Korea might have found a good use for all that coal it is forbidden to sell: electricity generation to run a massive bitcoin mining operation, intelligence companies say.

North Korea might have discovered a somewhat cunning solution to UN sanctions barring it from exporting coal -- bitcoin mining, says Recorded Future, an internet technology company that specializes in analyzing and...

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Bitcoin 'Will Burst When There is No New Money to Feed It ...

With Bitcoin having lost a fifth of its value in a single day after earlier surging by more than 40 percent, Leonid Delitsin, a leading analyst at the investment holding company "FINAM," told Radio Sputnik that Bitcoin is actually a bubble waiting to burst.

Indeed, many analysts warn that Bitcoin remains a major gamble as it is very much an asset in uncharted waters.

"Many people believe that...

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