Bitcoin could become ‘worthless’, Bank of England warns

The Bank of England has said that bitcoin could be “worthless” and people investing in the digital currency should be prepared to lose everything.

In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.

Indian PM Modi's Twitter hacked with bitcoin tweet

The tweet was swiftly deleted and his office said the account had been very briefly compromised.

It is the second time Mr Modi's Twitter account has been hacked.

He's a prolific tweeter and has more than 70 million followers - the most of any world leader.

The deleted tweet from his main @narendramodi handle said the Indian government had officially bought 500 bitcoin and was "and distributing them to all residents of the country".

Last year, his account was hacked and a tweet sent out urging people to donate to a fake Covid relief fund.

Satoshi Nakamoto, Craig Wright and a bitcoin mystery in America

In Budapest, there is a bust by the Danube River. The face is bronze, and blank, so people can see their own faces reflected back at them. It is wearing a hoodie, with the bitcoin logo on the chest.

It is a statue of the mysterious Satoshi Nakamoto. Nakamoto is the person or persons who developed bitcoin. They are anonymous and pseudonymous.

El Salvador’s bitcoin experiment goes live – as president offers tech support

On the day El Salvador adopted bitcoin as legal tender, its president spent the morning providing technical support from his Twitter account after the digital wallet used for transactions was deactivated.

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


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.


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.