Wednesday, November 26, 2014   

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:
Europe's biggest bank names new boss in reshuffle (11-25 18:49)
Hang Seng down at close (11-25 16:50)
Consumer spending helps Germany skirt recession in Q3 (11-25 16:49)
German business confidence index Ifo rises in November (11-24 17:11)
Hang Seng, Shanghai jump on PBoC rate cute (11-24 16:31)
European stocks mixed at open (11-24 16:15)
Hang Seng jumps by lunch (11-24 12:26)
PBOC to inject liquidity if necessary (11-21 19:03)
China cuts interest rates (11-21 18:41)
Indexes track Connect (11-21 17:35)

More breaking news >>

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