Authorities in Taiwan have reportedly arrested two individuals in connection with bitcoin-focused Ponzi scheme MyCoin.
Police in Thailand have raided 13 rooms at a Bangkok apartment complex in connection with alleged digital currency ponzi scheme Ufun.
A senior Hong Kong official has said that the government does not see a need for legislation that would regulate bitcoin.
An additional 150 victims of alleged bitcoin exchange MyCoin have come forward to local police.
Five individuals have been arrested by Hong Kong police in connection with the collapse of MyCoin, an alleged bitcoin trading platform.
The bitcoin price jumped $50 in four days of trading, but settled back below the $250 mark after crossing the threshold in earlier trading.
CoinDesk examines this week's bitcoin headlines, breaking down the MyCoin scandal and more.
Hong Kong lawmakers are urging the government to impose a ban on bitcoin after more than 25 victims in a MyCoin fraud case approached police.
Members of the public should exercise extra caution when considering an investment in bitcoin because of the digital currency’s “highly…
Hong Kong bitcoin exchange MyCoin has shut its doors, taking with it as much as HK$3bn ($386.9m) in investor funds, reports say.
