Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."
Sectors
India's FTIL to sell commodity handling unit for INR242 crore amid fraud investigations
Mumbai, India-based financial services firm Financial Technologies (FTIL) will sell its commodity handling unit National Bulk Handling Corp (NBHC) for INR242 crore as the company goes through an investigation related to fraud allegations.
Five Indian firms interested in Zamboanga investment
Five India-based companies have shown their interest in investing in the Zamboanga City Special Economic Zone Authority and Freeport (ZamboEcozone) during a recent business forum in Makati, Philippines.
Mark Karpeles' computer contained malware that stole Bitcoins from Mt Gox users
According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.
Amazon to hire hundreds of workers for new fulfillment center in Washington
American e-commerce giant Amazon is planning to hire hundreds of workers for its fourth fulfillment center in Kent, Washington, where customer orders will be packed and shipped.
Latest News
Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.
Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.
Three developers whose real identities are not yet revealed have created and launched Potcoin, a cryptocurrency that can be used by the marijuana community to conduct transactions with dispensaries.
After being arrested last month for fraud charges, Motionloft founder Jonathan Mills was indicted by a San Francisco grand jury for wire fraud and money laundering and is facing 30 years in jail.
Flappy Bird creator Dong Nguyen told Rolling Stone he is thinking of bringing back the game but that won't be easy because of a clause in Apple's developer agreement, VentureBeat reported.
India-based fabric and clothing firm Arvind closed the acquisition of a 40% stake in Calvin Klein India from the Murjani Group and Matrix Partners in a deal valued at INR100 crore, according to sources familiar with the deal.
Mozilla finally pulled the plug on its Firefox for Windows 8 Metro browser after seeing no more than 1,000 users patronizing the app daily, TechCrunch reported.
A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.
Ireland saw a 6% increase in its venture capital activity with the help of private investors who poured in £237 million (€284 million) in investments in 2013.
