The machines are designed to efficiently solve complex puzzles to ‘mine’ digital currencies
Many ‘bitcoin mining farms’ with thousands of computers are reportedly running in Vietnam
Unaware victims bought into a fraudulent investment fund with promises of high interest rates and referral rewards
A fine of up to VND200 million (US$10,959) and possible criminal charges will be imposed on violators
Hopeful investors are pouring large sums into digital assets without really understanding the odds
The move marks the acceptance that there is no viable way to rescue the company, and heralds the apparent end of an exchange that at one time accounted for around 80 percent of global transactions in the virtual currency.
Chinese speculators have driven Bitcoin prices into the financial stratosphere this year, peaking at 7,588 yuan (now $1,250) on November 30.
The electronic currency that is suspected of being used for illicit transactions on the Internet reached a value of $900 for the first time on specialized currency exchange websites.
- Genome project finds evidence of Vietnamese people’s roots in Africa
- Ex-chairman of Vietnam’s state-run BIDV Tran Bac Ha dies in prison
- Vietnamese policeman indicted for stealing, selling boss’ gun
- Vietnamese photographer sends out ‘SOS’ to protect environment via pollution exhibition
- Breakfast @ Tuoi Tre News – July 18
- Man captured for beating up, robbing hawker boy in central Vietnam
- 'Appalling' arson attack on Japanese animation studio kills at least 33
- Ho Chi Minh City transport department suggests charging car drivers for entering city center
- Breakfast @ Tuoi Tre News -- July 19
- Ex-official charged in elevator child molestation flees from reporters at Vietnam court