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2 May 2016   Factbox: What is Bitcoin? 
(MENAFN - AFP) Australian entrepreneur Craig Wright on Monday revealed himself as the creator of the virtual Bitcoin currency to media outlets, the BBC, The Economist and GQ magazine.

The move follows years of speculation about who was behind the digital cash system.

Here are some key facts about Bitcoin.

Q. What is it

A. Bitcoin is a virtual currency that ...

(MENAFN - AFP) Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency.

Wright was identified by three media outlets -- the BBC, The Economist and GQ magazine -- and posted a blog on the subject on his website.

However, in a defiant interview with the ...

(MENAFN - AFP) Growing up in Taiwan under martial law, Hsu Hsu-mei knew almost nothing about her father, only that he was executed for being a "thought criminal".

She was five years old when doctor Hsu Chiang was taken away on espionage charges during the "White Terror" political purge by the ruling Kuomintang (KMT).

Decades later Hsu is finally learning more about ...

(MENAFN - AFP) A leftover from the Soviet era, the communal flat or "kommunalka" with bathroom and kitchen shared by a dozen or so residents is very much alive in Russia's historic city of Saint Petersburg.

More than 25 years after the fall of the Soviet Union, these overcrowded dwellings are now admired as a unique -- if disappearing -- cultural phenomenon, featured on guided ...

(MENAFN - AFP) Ramon Navarro is one of the world's top big-wave surfers, but this fisherman's son still has a place in his heart for the spot where he learned his trade -- a stretch of Chilean coastline he is now fighting to save.

Navarro, a wiry 37-year-old with the deeply tanned face of those who have spent their lives on the sea, is from Punta de Lobos, a remote, rocky ...

(MENAFN - AFP) Security cameras and barbed wire suggested this was the right place -- the old warehouse on a dead-end street not far from the White House that hosts one of the handful of legal marijuana farms in the US capital.

"We're going to do the visit with a panic button... in case of a break-in," Matt Lawson-Baker, the co-owner of Alternative Solutions, told AFP.

Alternative ...

(MENAFN - AFP) The head of a Korean subsidiary of a British consumer goods company was slapped and shouted down on Monday as he apologised for his firm's role in selling a humidifier disinfectant blamed for more than 100 deaths in South Korea.

Shouting "too late" and "cannot forgive" in English, a handful of the victims' relatives rushed the podium where Atar Safdar, the ...

(MENAFN - AFP) Tokyo stocks plunged more than three percent as a surging yen hit exporters on Monday, leading a sell-off across Asia in holiday-thinned trade and after worries about the global economy fuelled sharp losses in New York and Europe.

The losses in Tokyo come after the Bank of Japan's shock decision Thursday not to unveil any fresh stimulus, while US data also ...

(MENAFN - AFP) US oil services companies Halliburton and Baker Hughes have called off their proposed merger that had met resistance from antitrust officials, a joint statement said Sunday.

The deal, announced in November 2014, foresaw a $34.6 billion takeover by Halliburton of its rival.

"Challenges in obtaining remaining regulatory approvals and general industry ...

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