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  • Bitcoin hits 21-month high; Australia to auction $11.5M confiscated bitcoins

    Australia to auction $11.5 million confiscated bitcoins

    cnbc.com 30 May '16, 6am

    U.S. Marshals auctioned off more than 170,000 bitcoins in 2014 and 2015, confiscated after the closure of Silk Road, a black market website. Bitcoin has proved popular among users of underground market places and criminals because transactions are anonymous and need not involve any fo...

  • 1MDB caught up in Singapore's largest money-laundering probe: WSJ

    cnbc.com 28 May '16, 3am

    Singapore's state prosecutors have declared the cross-border investigation involving embattled Malaysian state investment fund 1Malaysia Development Berhad (1MDB) the largest money laundering probe the country has ever undertaken, the Wall Street Journal reports. The prosecutors' stat...

  • Singapore shuts 1MDB-linked BSI Bank over 'worst misconduct' ever seen

    Singapore's MAS shuts 1MDB-linked BSI Bank over gross misconduct

    cnbc.com 24 May '16, 5am

    The central bank's criticism of BSI was harsh and wide-ranging. In its statement, MAS said the bank had an "unacceptable risk culture, with blatant disregard for compliance and control requirements as well as MAS regulations." MAS accused several bank staff of making material misrepre...

  • US #military #STILL uses FLOPPY DISKS to coordinate #nuclear force ops...

    US military uses 8-inch floppy disks to coordinate nuclear force operations

    cnbc.com 25 May '16, 7pm

    The Defense Department's 1970s-era IBM Series/1 Computer and long-outdated floppy disks handle functions related to intercontinental ballistic missiles, nuclear bombers and tanker support aircraft, according to the new Governmental Accountability Office report. The department's outdat...

  • Spain arrests 30 suspected of laundering money in bitcoin centers

    cnbc.com 25 May '16, 3pm

    The arrests took place across Spain, including in the cities of Madrid, Barcelona, Valencia and Cordoba, police said in a statement. Six bitcoin "mining" centers were seized in the raid, they added, after an investigation alongside Spain's tax office that started as a crackdown on a s...

  • Singapore final Q1 GDP growth slightly better than forecast

    cnbc.com 25 May '16, 1am

    Singapore economy barely grew in the first quarter as services sector activity shrank, and the outlook for the trade-dependent city state remained weak amid slack global demand. The economy expanded 0.2 percent in January-March period from the previous three months on an annualized ba...

  • Singapore Exchange in talks to buy London's Baltic Exchange

    Singapore Exchange in talks to buy London's Baltic Exchange

    cnbc.com 26 May '16, 3am

    The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday. Founded in 1744, the Baltic Exchange is no longer a forum for chartering vessels but owns...

  • Microsoft has developed a mirror that can read your emotions

    Microsoft's Magic Mirror, developed in Singapore, is part of its contribution to the Smart Nation initiative

    cnbc.com 20 May '16, 3am

    You CAN be smart and good-looking. That's the message from Microsoft's Magic Mirror - a so-called smart mirror that can recognize and greet users, read their emotions and display the weather, time and other information. All the while looking just like a regular mirror. "Imagine when y...

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