Mt. Gox threw a scare into the Bitcoin world when it blamed some technical problems on a bug in the digital currency itself -- a bug that would allow fraudulent transactions. The revelation sent Bitcoin prices plummeting. But when the real story came out,
bitcoin prices now
- How Mt. Gox Angered the Entire Bitcoin Community Today – and Sent Prices Falling
- Who Uses Bitcoin Is Suddenly a Big Deal to These Businesses
- Why Bitcoin Prices Have Bounced Back – Again
- Palo Alto Networks (NYSE: PANW) Stock Latest to Jump After Major Cyber Deal
Every day it seems another big merchant is announcing that it will take Bitcoin. Last week, online retailer Overstock.com joined the growing list. But the rising interest among businesses in Bitcoin is not as puzzling as it seems. The typical Bitcoin user fits a profile that business owners find very enticing.
When Bitcoin prices fell sharply last month, I explained why I'm still bullish about this extraordinary new investment vehicle.
Back in December, I noted that Bitcoin prices had recently fallen as low as $455. From there prices rallied quickly and stabilized, finding key support in the $550 range.
Proving again that bigger is better in the fight against global cyber-attacks, another sizable cyber deal was inked late Monday.
Santa Clara, Calif.-headquartered Palo Alto Networks Inc. (NYSE: PANW) acquired Silicon Valley startup Morta Security, described as "operating in stealth mode since 2012." Financial terms of the transaction were not disclosed.
PANW stock rose 3.7% Tuesday on the news.