Bitcoin news and updates

Rappler's latest stories on Bitcoin


Cryptocurrency bitcoin marks 10 years

Oct 23, 2018 - 1:14 PM

It's been nearly 10 years since bitcoin first came on the scene. Here's what you need to know about its development.

BITCOIN. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. File photo by Philippe Lopez/AFP

[OPINION] Can the PH be a crypto country?

Oct 20, 2018 - 10:25 AM

Mainstream adoption may lower cost of remittances, extend financial inclusion to the unbanked, and accelerate digital commerce

Plastic surgeon buys top South Korea Bitcoin exchange

Oct 12, 2018 - 6:07 PM

Singapore-based BK Global Consortium bought a 50% stake plus one share in Bithumb, the country's biggest virtual currency exchange, from shareholder BTC Holdings for about $353 million

PH to deport Chinese, Korean nationals in bitcoin scam

Oct 05, 2018 - 12:43 PM

The suspects convinced victims to purchase non-existent bitcoin with promise of investment returns

$60 million in virtual currency hacked in Japan

Sep 20, 2018 - 1:46 PM

Reports identify three types of cryptocurrencies stolen in the hack: bitcoin, bitcoin cash, and monacoin

Cryptominers dreaming of rebound after price crash

Aug 27, 2018 - 9:45 AM

After last year's cryptocurrency boom, cryptomining profitability has significantly dropped in 2018

Russian intelligence agents allegedly used Bitcoin in U.S. election hack

Jul 16, 2018 - 3:59 PM

'The use of bitcoin allowed the conspirators to avoid direct relationships with traditional financial institutions, allowing them to evade greater scrutiny of their identities and sources of funds,' the indictment reads

Bitcoin 'whales' and market manipulation, plus 3 more things in cybersecurity this week

Jun 16, 2018 - 3:19 PM

From bitcoin's silently powerful minority directing the value of the cryptocurrency to cyberattacks against Singapore during the Trump-Kim summit, it's your weekly roundup of Cybersecurity news

Bitcoin 'whales' pulling cryptocurrency strings

Jun 13, 2018 - 2:06 PM

Bitcoin 'whales' – a word popularly used for big money players in financial markets – 'literally control the currency,' says Bob McDowall, an expert in cryptocurrencies

Blockchain Association of the Philippines established

May 22, 2018 - 6:50 PM

The association seeks to spread understanding and adoption of blockchain technology among Filipino entrepreneurs and fintech professionals

BITCOIN. Blockchain's poster boy, Bitcoin, has often been seen as a way to get rich quick. The Blockchain Association of the Philippines is seeking to spread a better understanding of the technology behind it, Blockchain. Photo by Jack Guez/AFP

US SEC launches fake cryptocurrency 'sale' to educate about scams

May 17, 2018 - 11:21 AM

'Fraudsters can quickly build an attractive website and load it up with convoluted jargon to lure investors into phony deals,' says Owen Donley, US SEC Chief Counsel

PHONY. The US SEC has set up a fake website mimicking scam websites preying on individuals looking to make a quick buck from cryptocurrencies. Screenshot from

Electricity theft leads to seizure of 600 bitcoin mining rigs in China

Apr 27, 2018 - 5:32 PM

The rigs are part of an underground effort to mine bitcoin, and is thwarted by the miners' consumption of stolen electricity

Pacquiao to launch PAC Token, his own cryptocurrency

Apr 18, 2018 - 11:02 PM

Senator Manny Pacquiao, one of the world's most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen

PACQUIAO COIN. Filipino boxing idol Manny Pacquiao (left) listens as Jeffrey Lin, Chief Executive Officer (CEO) of Singapored-based Global Crypto Offering Exchange (GCOX), speaks during an interview with AFP in Manila on April 18, 2018. Photo by Ted Aljibe/AFP

Bitcoin scam 'mastermind': Release me so I can return investors' money

Apr 15, 2018 - 5:50 PM

[EXCLUSIVE] Rappler obtains a letter to investors by Arnel Ordonio, the alleged mastermind of the P900-million Bitcoin scam

'€˜MASTERMIND'€™. Arnel Ordonio is presented by the PNP to the media with his wife Leonady in Camp Crame. File photo by Rambo Talabong/Rappler

#ThewRap: Things you need to know, April 10, 2018

Apr 10, 2018 - 12:45 PM

Hello! Here are the stories you shouldn't miss this Tuesday

Chief Justice Maria Lourdes Sereno speaks a forum during 'Laban ng Kababaihan, Laban ng Bayan', at St. Scholastica College in Manila for celebration of International Women's day on March 07, 2018. Photo by Inoue Jaena/Rappler

Filipino couple amasses at least P900M in alleged Bitcoin scam

Apr 10, 2018 - 11:04 AM

(UPDATED) According to Criminal Investigation and Detection Group chief Director Roel Obusan, the scam is structured like a pyramid scheme but with electronic money

The week in photos: March 17-23, 2018

Mar 24, 2018 - 12:49 PM

This week's selection of photo highlights here and around the world

A refugee child participates in an anti-racist demonstration in Athens on March 17, 2018, marking as well two-years of the EU-Turkey deal and the closing of the borders. The banner reads' fight fortess Europe'. Refugees and solidarity groups condemned the new shipwreck off Agathonissi island earlier today, where 16 refugees drowned. / AFP PHOTO / LOUISA GOULIAMAKI

Cybersecurity roundup: March 18 to 24, 2018

Mar 24, 2018 - 10:30 AM

Facebook's in the middle of a scandal surrounding user data, while a slip-up by Democratic National Committee hacker Guccifer appears to show he's actually a Russian agent. Here's this week's Cybersecurity Roundup!

Bitcoin's blockchain holds child pornography content – researchers

Mar 21, 2018 - 8:42 AM

The study finds some 1,600 files on the bitcoin blockchain, of which 99% are texts or images. Among those files are objectionable content such as links to child pornography.

Beep cardholders now allowed to reload using

Mar 19, 2018 - 8:15 PM

The new function enables commuters to reload Beep cards in seconds – with as little as P10 – using funds from digital wallets on Android smartphones

600 bitcoin computers nabbed in Iceland heists

Mar 07, 2018 - 10:48 PM

The servers are taken from data centers in Reykjanesbaer, near the Keflavik international airport in southwestern Iceland, and Borgarnes on the west coast

Four arrests over Taiwan's 'first' bitcoin robbery

Feb 22, 2018 - 4:26 PM

The suspects pretend to be interested in buying bitcoins before assaulting the victim and forcibly transferring the cryptocurrency to their account

BITCOIN. A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the "Bitcoin Change" shop in the Israeli city of Tel Aviv. Photo by Jack Guez/AFP

Cybersecurity roundup: February 11 to 17, 2018

Feb 17, 2018 - 11:22 AM

Here's an overview of some of the major occurrences in the cybersecurity sector from February 11 to 17

Bitcoin drops below $6,000 for first time in 3 months

Feb 06, 2018 - 1:00 PM

(UPDATED) The virtual currency falls to $5,992 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year

BTC ACCEPTED HERE. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. Philippe Lopez/AFP

European stocks dip, bitcoin crashes below $10,000

Jan 17, 2018 - 11:01 PM

Virtual currency bitcoin meanwhile dives, falling below $10,000 for the first time in 6 weeks in what one analyst calls a 'cryptocalypse' that saw several digital units take a hammering

BITCOIN DIVES. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. File photo by Philippe Lopez/AFP

Bitcoin bombs, cryptocoins crash on regulation fears

Jan 16, 2018 - 10:31 PM

The final weeks of last year were marked by bitcoin mania as the unit topped $20,000, but bitcoin loses some 20% in Tuesday trading. It also sees most of its fellow cryptocurrencies similarly wilt.

Different approaches to bitcoin in Asia

Jan 07, 2018 - 4:45 PM

Here's how some Asian regulators are handling the bitcoin phenomenon

Israel to halt trade in cryptocurrency-based firms

Dec 26, 2017 - 9:57 PM

'So long there is no regulatory framework, we will make it that companies whose trade is primarily based on digital coins won't be able to trade at the (Tel Aviv) stock market,' says the Israel Securities Authority

REGULATION. The Israel Securities Authority says it is moving to ban trading in cryptocurrency-based companies on the Tel Aviv market until transactions involving digital coins are legally regulated.

2017's cybersecurity issues: The future's new normal?

Dec 26, 2017 - 3:23 PM

As we move into the new year, let's look at some of the major issues surrounding the world of cybersecurity as it relates to the world at large. It's very likely at least one of the following issues will be a part of your future.

Japan firm says it will pay part of employees' salaries in Bitcoin

Dec 15, 2017 - 12:57 PM

GMO Internet will start paying up to 100,000 yen ($890) monthly by Bitcoin to its employees in Japan from February next year

Bitcoin tops $18,000 in debut on major bourse

Dec 11, 2017 - 11:05 AM

(UPDATED) It marks a milestone for the controversial digital currency that has surged to record highs this year, exciting some investors while leaving others nervous of a bubble

NOW TRADING. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. Philippe Lopez/AFP

Hackers steal 4,700 bitcoins worth more than $70M from mining marketplace

Dec 08, 2017 - 5:58 PM

NiceHash, a platform that allows users to sell processing power to cryptocurrency miners, says contents of their Bitcoin wallet have been stolen

Indonesia's central bank to ban bitcoin, other cryptocurrencies

Dec 08, 2017 - 3:22 PM

'Virtual currencies have weak foundation and are highly volatile – surely this [may] pose negative impacts on our economy,' Deputy Governor Sugeng of the central bank said of the prohibition.

Valve ending support for Bitcoin payments on Steam

Dec 07, 2017 - 8:35 PM

Volatility in the value of Bitcoin and the increase in fees to process transactions on the Bitcoin network make it problematic for purchasing games on Steam

Bubble or brave new world? Bitcoin breaks $11,000 barrier

Nov 30, 2017 - 7:50 AM

The breakthrough is the latest in a spectacular run for the online money dubbed 'digital gold' by its advocates, which began life in 2009 as a bit of encrypted software

VIRTUAL MONEY. This illustration shows a Bitcoin sign in Hong Kong on August 3, 2016. Anthony Wallace/AFP

#ThewRap: Things you need to know, November 29, 2017

Nov 29, 2017 - 11:50 AM

Hello! Here's a roundup of news you need to know this Wednesday.

Justice Teresita De Castro testifies before the House Committee on Justice during Chief Justice Ma. Lourdes Serenoo during the Impeachment proceedings on Wednesday. Photo by DARREN LANGIT

Bitcoin breaks $10,000 barrier but analysts warn of bubble

Nov 29, 2017 - 9:48 AM

(UPDATED) The cryptocurrency surges to a high of $10,058 in early Asian hours, though the recent surge in the volatile unit fuels fears of a bubble

VIRTUAL CURRENCY. This file picture taken on February 28, 2014 shows a man talking on a mobile phone in a shop displaying a Bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong. Philippe Lopez/AFP

Bitcoin hits new records, heads for $10,000 as bubble fears grow

Nov 28, 2017 - 4:10 PM

As its fortunes have improved, retail investors are also rushing to jump on to the Bitcoin bandwagon, although fears of a bubble are growing, having witnessed wild swings in the past

Bitcoin value surges past $9000 mark

Nov 27, 2017 - 12:21 PM

Bitcoin's value has seen a tremendous leap this year

Bitcoin, an 'Uber' currency, not without risk

Nov 27, 2017 - 9:45 AM

The growing interest in bitcoin is catching mainstream attention

U.S. schools to offer courses on bitcoin technology

Nov 06, 2017 - 11:10 AM

Exposure to financial technology is increasingly becoming more important for anyone entering the financial industry

Six in court over 'bitcoin drug money laundering'

Oct 26, 2017 - 11:08 AM

Dutch prosecutors claim that the suspects swapped their ill-gotten bitcoin for hundreds of thousands of euros

Venezuelans use bitcoin 'mining' to escape inflation

Oct 23, 2017 - 3:18 PM

Around 100,000 Venezuelans are mining for bitcoin, with some earning around $800 a month

Family sells everything they own for bitcoin

Oct 20, 2017 - 11:28 AM

This Dutch family is betting on the virtual currency, believing 1 bitcoin will be worth nearly $30,000 by 2020

BETTING BIG. The Dutch family has been traveling across the globe after trading in most of their assets for bitcoin. Photo from Didi Taihuttu/Instagram

Bitcoin bursts through $5,000 for first time

Oct 12, 2017 - 5:40 PM

The cryptocurrency strikes a new record high of $5,183.97 at around 0820 GMT according to financial data provider Bloomberg

What is Bitcoin?

Oct 06, 2017 - 4:01 PM

The basics of how BitCoin is earned and used

Beijing, Shanghai shut down bitcoin exchanges – media

Sep 19, 2017 - 7:24 PM

A Beijing-based regulator required all exchanges in the city to submit a plan by 6:00 pm on September 20 for winding down their operations, according to the official Xinhua news agency

Top Chinese bitcoin exchange shuts down

Sep 14, 2017 - 10:54 PM

BTCC – China s second bitcoin platform in terms of volume and the world s third largest – says on its Twitter account that after carefully considering the announcement by Chinese regulators it will stop all trading on September 30

Burger King has its own 'whoppercoin' cryptocurrency in Russia

Aug 29, 2017 - 4:03 PM

Eating Whoppers now is a strategy for financial prosperity tomorrow claims Burger King Russia s communications head

CRYPTO-CRAZE. The fastfood chain joins the surging but volatile industry. Image for illustration purposes only

Forget oil, Russia goes crazy for cryptocurrency

Aug 16, 2017 - 1:11 PM

The practice has become so popular in Russia that computer stores have run out of graphic cards being bought and used by cryptocurrency miners

'MINING' COMPUTERS. Russia's crypto-businessman Dmitry Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow, July 26, 2017. Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call 'mining.' Photo by Maxim Zmeyev/AFP