Wednesday, February 11, 2015

Here's how the Bitcoin economy works

Bitcoin is back in the news this year, and not necessarily for the best reasons. Early in the new year, the price of the virtual currency crashed by 30% in a matter of days. And more recently, a suspected Ponzi scheme disappeared with as much as $386 million, leaving its Hong Kong customers in the lurch. But there's been good news too. Startup Coinbase had a record-breaking funding round for the industry, and established a US-based exchange. The Winklevoss twins also plan to launch their own...-> read more

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