Marc Faber: Bitcoin has its merits since you may not be able to carry gold across border (but picks gold: Squawkonomics)

Epic scoop by squawkonomics on Marc Faber's take on bitcoins and gold (Marc Faber is from gloom and doom report fame, or Dr Doom) Squawkonomics was in Thailand at Marc Faber's office to conduct the interviews as well as a few others (they were previous with imaginary markets here in Singapore)  
Continue Reading »

Former JP Morgan Asia CEO arrested by China: Zerohedge

A continuation of the Bloomberg article? Just one day after the FBI issues arrest warrants for 5 Chinese military officials, Caixin reports that Fang Fang - the former CEO of JPMorgan Asia - has been arrested in Hong Kong by the Independent Commission Against Corruption (or anti-graft agency). Coincidental timing we are sure; and while details are sparse, the arrest appears linked to the hiring of the children of Chinese officials. Bloomberg reports that Fang declined to comment after being released on bail (under restrictions not to leave…
Continue Reading »

Li Ka Shing ramps up Bitcoin Investment despite China: SCMP

(Remember Branson?) Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures. Bitpay has raised US$30 million (HK$233 million) in Series A funding (convertible into common…
Continue Reading »

Japan Bitcoin Update

Japan is undergoing some changes to bitcoin treatment It seems that their focus is more on AML and Drugs, and seems to be okay with bitcoins as itself Japan's government will redesignate bitcoin as a form of "value-added electronic record" similar to credit card transactions, as part of a series of measures to monitor illegal deals made using the digital currency. Kyodo News International, citing government and ruling party officials, reported that Japan is planning to crack down on illicit bitcoin trades amid fears that crime organisations have…
Continue Reading »

China continues Bitcoin Blackout?

Unclear as to veracity Minitrue: Gao Yu, Dispute with Vietnam, Bitcoin The following censorship instructions, issued to the media by government authorities, have been leaked and distributed online. The name of the issuing body has been omitted to protect the source. (5) The Global Bitcoin Summit 2014 will be held on May 10-11 in Beijing. All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies. Please carry out the above…
Continue Reading »

Facebook and Goldman Sachs alum starts bitcoin startup in face of China

;cid=1102 a bitcoin website called Bihang was launched, which has led people to question who would launch a bitcoin site in this kind of climate.   The site was launched by co-founders Jiang Changhao and Wang Hao. Jiang is a former research scientist at Facebook, while Wang used to work at Goldman Sachs.   Unlike other bitcoin start-ups, Jiang and Wang are not bitcoin speculators, and they only own a few bitcoins themselves.   "If one can carry out peer-to-peer transactions without relying on the support of centralized…
Continue Reading »

Has Numoni exited Bitcoin?

There had been rumors that numoni bitcoin ATMs in Malaysia were pulled. Now, in Singapore, it seems that the numoni bitcoin atms that were rolled out no longer dispenses bitcoin but are telco topup machines. A search on their site also reveals no trace of bitcoin. Was it over-congestion of 8 atms in a city? Or perhaps something else?  
Continue Reading »

Coinpip 37coins SMS bitcoin wallet tieup on Techinasia

Coinpip is one of the two payment solutions in Singapore. It also has a presence in Hong Kong, and focuses on Asia. (Coinofsale has just "landed" in Bangkok) Daniel Tay at Techinasia The authorities have always feared the unknown, with governments and major banks opposing and seeking to regulate Bitcoin. But enthusiasts seem to remain unfazed. Case in point: Singapore Bitcoin payments system startup CoinPip has just brought US-based 37coins’ SMS bitcoin wallets to Singapore. The Bitcoin point-of-sales company hopes to then expand throughout Asia thereafter, starting with…
Continue Reading »
Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr