The web accounts of Mark Karpeles, CEO of the volatile Mt. Gox bitcoin exchange, have been repeatedly electronically assaulted, with enraged hackers reportedly evaluating the data after the exchange lost some $465 million in bitcoins in February.
Russia’s key indices have bounced back on Tuesday, as President Vladimir Putin gave his first news conference since President Yanukovich of Ukraine was ousted. Putin insisted the market turmoil on Monday was a "tactical, temporary" decision by investors.
Microsoft founder Bill Gates has regained top spot as the richest man in the US and the world. His net worth is estimated at $76 billion, $4 billion higher than Mexican telecom mogul Carlos Slim, who topped the Forbes rich list for the past 4 years.
Britain’s tax authority is to stop charging value-added tax (VAT) on Bitcoin transactions. It's just a couple of days after one of the world’s biggest exchanges Mt. Gox collapsed, which has added to growing worldwide skepticism about the currency.
The US House of Representatives passed a bill that would allow mobile subscribers to “unlock” their phones from being tethered to a single wireless carrier, making it possible for users to switch providers without buying a new phone.
JPMorgan Chase, the biggest US bank, has announced plans to get rid of 8,000 jobs in mortgage and consumer banking in 2014. Its home loan business is shrinking, and the bank wants to control branch costs.
The financial leadership of the G20 countries say they want to generate $2 trillion of extra output over the next five years, providing tens of millions new jobs. It's the first time the G20 has put a figure on growth plans.