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  • Bitcoin backer gets two years prison for illicit transfers

    reuters.com 19 Dec '14, 9pm

    NEW YORK (Reuters) - Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundati...

  • Bitcoin backer gets two years prison for illicit transfers

    reuters.com 19 Dec '14, 10pm

    NEW YORK (Reuters) - Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundati...

  • Brent steady below $60, heads for fourth weekly decline as oversupply persists: SINGAPORE (Reuters) - Brent cr...

    Brent steady below $60, heads for 4th weekly decline as glut persists

    reuters.com 19 Dec '14, 4am

    SINGAPORE (Reuters) - Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straight week of declines after OPEC me...

  • New York regulator lays out tweaks to bitcoin rules

    New York regulator lays out tweaks to bitcoin rules

    reuters.com 18 Dec '14, 4pm

    WASHINGTON (Reuters) - New York state plans to soften proposed rules for virtual currencies such as bitcoin, its banking regulator said on Thursday, after receiving a round of public comments. Start-up companies dealing in the budding technology could get a two-year partial waiver fro...

  • Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources: SINGAPORE/HONG KO...

    Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources

    reuters.com 16 Dec '14, 3am

    SINGAPORE/HONG KONG (Reuters) - Standard Chartered (STAN.L ) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge...

  • Singapore November private home sales down 68 percent year-on-year

    Singapore November private home sales down 68 percent year-on-year

    reuters.com 15 Dec '14, 5am

    SINGAPORE (Reuters) - Sales of private homes by developers in Singapore fell 68 percent in November from a year earlier, government data showed on Monday. Developers sold 412 units last month, compared with 1,271 units in November 2013, according to data compiled by the Urban Redevelo...

  • Formation 8 venture capital firm adds new partner in Singapore

    reuters.com 16 Dec '14, 5pm

    SAN FRANCISCO (Reuters) - Formation 8, the venture-capital firm known for backing virtual-reality company Oculus VR, said it was beefing up its Asian operations by adding a partner in Singapore, investor Joel Sng. By hiring Sng, Formation 8 hopes to stand out from the pack of U.S.-bas...

  • Operator of bitcoin stock exchange penalized by U.S. SEC

    Operator of bitcoin stock exchange penalized by U.S. SEC

    reuters.com 09 Dec '14, 3pm

    WASHINGTON (Reuters) - (Corrects spelling of name from Unger to Ungar in fourth paragraph) The operator of a stock exchange that allowed clients to use bitcoins to trade in certain securities was ordered by U.S. regulators to pay $68,000 to resolve claims that he did not register the ...

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