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$60 million in virtual currency hacked in Japan

TOKYO: Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday.  Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transfered. "We decline to comment on the details of how this illegal access occurred, as it is a crime and we've already asked the authorities to investigate," Tech Bureau said in a statement. It added that…

Bubble or brave new world? Bitcoin breaks $10,000 barrier

SINGAPORE: Bitcoin broke through the $10,000 barrier for the first time on Wednesday as it extends a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency hit a high of $10,903 in Asia, according to Bloomberg News, about 14 times its value at the start of the year. 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 supposedly written by an unknown coder with…