Now that the Mt. Gox exchange has gone dark, speculation is running rampant over the future of Bitcoin. Is it dead, or is this just another crisis that the digital currency will brush off, as it has so many others? In the world of Bitcoin,
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Problems at the Mt. Gox exchange have dominated Bitcoin news this past week, creating concern and confusion within the Bitcoin community and leaving everyone else wondering what in the world is going on.
With the use of Bitcoin spreading rapidly, regulators are scrambling to study the digital currency. And while well-crafted regulation would grant Bitcoin much-needed legitimacy, too much would stifle its growth. Striking an ideal balance won't be easy,
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,
A fresh crisis may be the beginning of the end for Bitcoin exchange Mt. Gox, but the harm to the digital currency itself will be temporary.
Fans of the digital currency woke up Friday trying to figure out why Bitcoin prices are falling after more than a month of relative price stability on the Japan-based exchange.
Long plagued by issues in getting fiat currencies from Mt. Gox accounts to user bank accounts, the exchange in recent days started having trouble transferring bitcoins as well.
One bitcoin will cost you more than $700 at current prices, but now investors can get a piece of the virtual currency's potential for $4 with this new Bitcoin penny stock.
Bitcoin Shop Inc. started trading Thursday - the first company with "Bitcoin" in its name to be publicly traded.
One of the things holding many people back from investing in Bitcoin is the technical knowledge required to buy and sell the actual Bitcoins. But the Winklevoss Twins are about to change all that when their Bitcoin ETF gets approved by the SEC later this year.
Ever since it popped onto the public's radar, Bitcoin has been unfairly saddled with a reputation for being little more than a high-tech tool for illegal activities. So when the BitInstant CEO got arrested for money laundering, the critics were crowing, "I told you so." But this incident is just one more distraction from
As we know, most fiscal history has been dominated by a web of central banks.
The central banks are in a race to debase, a trend that's rapidly accelerated over the past decade.
There's a lot of money to be made by issuing money.
After a century of massively inflated fiat currencies worldwide, it's little wonder people have flocked to a totally independent form of new money.
Bitcoin's appearance and meteoric rise have galvanized the market for truly free money.
To quote Sir Richard Branson on CNBC last week, "Whoever was behind Bitcoin was brilliant..."
From soaring prices (and crashes) to the saga of Silk Road, the now-defunct Web marketplace for illegal drugs, Bitcoin had a eventful year in 2013. The Bitcoin story this year will have far less drama - but what happens will determine the ultimate fate of the digital currency.
It was almost laughably easy for the thieves who stole the data from Target's computers. That's how obsolete our credit card system of paying for goods and services has become. It's just one of several reasons we're going to see merchants rapidly adopt the digital currency Bitcoin this year.
The world's two fastest-growing economies came down hard on Bitcoin in recent weeks.
Dips followed, but ultimately the virtual currency began to slough off the news and continued to gravitate toward a loose, but tightening, trading range.
And as a former senior advisor to a Silicon Valley venture capital firm, I've seen a lot of opportunities to make a killing on technology over the years.
I'm talking about everything from ultra-fast semiconductors, to advanced sensors, to the rise of the Internet and today's mobile revolution.
But in all those years, I've never seen anything reach critical mass as quickly as Bitcoin.
Consider that less than three years ago, few but a small cadre of hardcore tech geeks had even heard of this new crypto currency.
Today, however, this virtual money is traded on roughly 80 global exchanges. It's also accepted at thousands of retailers throughout the U.S.
And it has handed some savvy investors gains of 1,000% or more in as little as a few months' time.
Yet, skepticism persists. Predictions of Bitcoin's imminent demise by a wide range of so-called "experts" have proved premature at best.
Fact is, Bitcoin to date has met every challenge thrown at it and come back stronger.
For Bitcoin's backers and investors, that's great news. Because Bitcoin is now defying a growing list of global governments doing their best to stop its advance...
For Bitcoin's backers and investors, that's great news.
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.