Bitcoin

BPNG warns against cryptocurrencies

BPNG says these cryptocurrencies do not have any legal tender status to be accepted as a currency in PNG.

The Central Bank says investment in digital currencies such as bitcoin, ethereum, EOS or Litecoin is considered very risky and speculative in nature.

“People who invest in any of the cryptocurrencies do so at their own risk,” says BPNG Governor, Loi Bakani.

“There is no guarantee that cryptocurrencies will be accepted as a medium of exchange, or will hold their value.

10 interesting facts about Bitcoin that you must know

By now, many people have heard of bitcoin and it’s gaining acceptance. So, in that line, here are some interesting bitcoin facts that you must know. Give them a read and share it with your friends and family:

10 Most Interesting Bitcoin Facts

1. Bitcoin creator, Satoshi Nakamoto, is still a mystery figure

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Warning — Bitcoin users could be targeted by state-sponsored hackers

A leading Bitcoin information site is warning users that an upcoming version of the Blockchain consolidation software and Bitcoin wallets could most likely be targeted by "state-sponsored attackers."

Recently, one of the world's most popular cryptocurrency exchanges, Bitfinex, suffered a major hack that resulted in a loss of around $72 Million worth of Bitcoins.

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Bitcoin price drops after $72 million in Bitcoin was stolen

Hong Kong-based Bitcoin exchange 'Bitfinex' has posted a note on their website announcing the shutdown of its operation after discovering a security breach that allowed an attacker to steal some user funds.

While the company did not mention a total amount lost in the breach, one of their employees — Bitfinex community director Zane Tackett — confirmed on Reddit that the total amount stolen was 119,756 bitcoins — worth up to $72 Million in cash.

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