Breaking News English

Almost $500 million of bitcoins [disappearance / disappeared] from a company in Japan. The company is called Mt. Gox and it was one of the world's biggest [deals / dealers] in bitcoins. It shut [up / down] last week after it lost 850,000 bitcoins, [worth / valued] $473 million. The company's CEO said hackers [stole / steals] the digital currency. He [apologised / apologies] to investors on Thursday at Japan's Ministry of Justice. Thousands of investors [be / are] angry because they lost the money they invested in Mt. Gox. Bitcoin is a [virtual / vitally] currency – it only exists online for electronic payments. Anyone can buy and [abuse / use] bitcoins. There is no need to open a bank account. Many people believe that bitcoins will replace [paperless / paper] money, coins and credit cards.

The collapse of Mt. Gox did not [surprising / surprise] online finance experts. Many said it was an accident waiting [to / for] happen. They also said Bitcoin will [recover / recovery] from the Mt. Gox shock. There are no [rulers / rules] or laws to control Bitcoin [so / for] the collapse of Mt. Gox could mean a better [system / systems] will come. Companies will now make their security [tighter / tightens] and governments might create laws to make Bitcoin safer. Barry Silbert, CEO of Bitcoin company SecondMarket, says the currency will bounce [down / back] . He told reporters: "If you look at the short history of Bitcoin, there has been a [series / serious] of bubbles, busts, hacks and thefts. After every [single / double] event, Bitcoin has emerged stronger."