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23 Aug 2015   Factbox: What is Bitcoin? 
(MENAFN - AFP) Frenchman Mark Karpeles, 30, the CEO of collapsed Bitcoin exchange MtGox, has been arrested in Tokyo on theft allegations as Japanese investigators grill him over the disappearance of hundreds of millions of dollars worth of the virtual currency.

Here are some key facts about Bitcoin.

Q. What is it

A. Bitcoin is a virtual currency that is created ...

(MENAFN - AFP) Irina Chapravska has just snapped up the last room of a luxury hotel that costs 300 euros ($335) a night and offers a panoramic view of Ukraine's serene Black Sea coastline.

But this is not Crimea, whose pebble beaches have long been a favoured summer destination for millions across the former Soviet Union -- until, that is, Russia controversially seized the ...

(MENAFN - AFP) The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.

The currencies of emerging nations in Asia have especially suffered in recent weeks from market speculation that the US Federal Reserve will lift interest ...

(MENAFN - AFP) The first years proved a difficult start for Germany's only deep water port, Wilhelmshaven's Jade-Weser-Port container hub, inaugurated in 2012, but its operators are now seeking to make it a top terminal for supersize ships.

The head of the Eurogate container terminal on Germany's North Sea coast, Mikkel Andersen, smiles as he watches the busy comings and ...

(MENAFN - AFP) Suddenly the online news business is red-hot.

Money is flowing into digital news ventures at an unprecedented pace, as investors anticipate an accelerating shift away from traditional media, and new ways to generate revenue from news.

BuzzFeed made news this past week with a $200 million capital injection from Comcast's NBCUniversal, and with the announcement ...

(MENAFN - AFP) World stock markets were hammered with heavy losses on Friday, as China's economic woes triggered European and Wall Street equity sell-offs and stirred up fears for global growth.

Losses of more than 3.0 percent on Wall Street capped the day of market carnage, which began with a 4.27 percent drop in Shanghai after another unnerving sign of slowdown in China's ...

(MENAFN - AFP) It was a fine summer day over the airport at Charlotte, North Carolina and a CRJ200 commuter jet was preparing to land when its pilots spotted something odd outside their cockpit window -- a drone.

The unmanned craft flew about five to 10 feet (1.5-3 meters) above the plane, the captain wrote afterward to NASA's Aviation Safety Reporting System.

He said ...

(MENAFN - AFP) A connected workout shirt from designer Ralph Lauren is hitting the market this month, promising to deliver "smart" fashion, at a hefty price.

The new "PoloTech smartshirt," which goes on sale August 27 at $295, includes "real-time biometric technology" which pairs with a smartphone application.

Using silver fibers woven into the fabric, the form-fitting ...

(MENAFN - AFP) Kosovo on Friday asked the UN Security Council to back its bid for membership in UNESCO, a move that would raise Kosovo's profile in international diplomacy but is fiercely opposed by Serbia.

"We call on all members of the Security Council to support Kosovo's bid to (join) UNESCO. You can do that even though you may not yet recognize Kosovo," Kosovo's Foreign ...

(MENAFN - AFP) Airbnb said Friday more than 1,000 companies have joined its new program allowing business travelers to use the peer-to-peer-lodging service.

The San Francisco-based startup shaking up the hospitality industry said it signed up 500 companies to its "Airbnb for Business" program within 24 hours of launching the program on July 20.

Now, more than 1,000 ...

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