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Midweek Roundup: Bitcoin Exchange Mt. Gox Implodes, FTC Investigating Western Union Transfers, and More
printThe world's largest Bitcoin exchange business, Mt. Gox, suddenly shut down operations Tuesday amid rumors that that the Japanese company lost approximately $350 million to theft, the Associated Press reported. More Authorities in Japan are probing the reasons behind the company's closure. More In contrast, Hong Kong will open its first storefront Bitcoin exchange on Friday, South China Morning Post said Sunday. The region is also set to open a Bitcoin ATM machine in the area of Mong Kok. More Authorities in Australia said some criminals are using Bitcoin to launder the proceeds of drug shipments, according to Monday's ZDNet....
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