Tuesday, December 1, 2015   

Bitcoin industry defends itself
(02-26 08:55)

The heads of the major operating bitcoin exchanges issued a joint statement Tuesday saying the collapse of Mt Gox based in Japan was a “tragic violation of the trust of users'' that “does not reflect the resilience or value of bitcoin and the digital currency industry.''
“As with any new industry, there are certain bad actors that need to be weeded out,'' the statement said.
“We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the internet age.''—AFP
Other Business breaking news:
Eurozone jobless ranks shrink to new low (1 hr 37 mins ago)
Bailout fund plugs 2.7b euro shortfall at Greek bank (2 hrs 16 mins ago)
Chinese consortium plows US$400m into Man City (2 hrs 21 mins ago)
Hang Seng, Shanghai stocks close higher (12-01 17:23)
Financial markets await Draghi’s holiday season surprise (12-01 17:19)
Coca-Cola funded controversial anti-obesity group winds up (12-01 14:14)
Amazon says drones will deliver 5 pound packages (12-01 14:10)
Australia keeps rates at 2pc (12-01 14:07)
Samsung shoves aside mobile unit boss Shin Jong Kyun (12-01 14:04)
China factory output hits new low, services improve (12-01 14:00)

More breaking news >>

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