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Bitcoin hits new high, then nosedives in flash crash – CBS News


CBS News

Bitcoin hits new high, then nosedives in flash crash
CBS News
NEW YORK Bitcoin, the virtual currency composed of digital bits, is based on cutting-edge mathematical schemes that guard against counterfeiting. But it’s also based on an old idea, now dismissed by mainstream economists, about how a currency should …

CBS News
Bitcoin hits new high, then nosedives in flash crash
CBS News
NEW YORK Bitcoin, the virtual currency composed of digital bits, is based on cutting-edge mathematical schemes that guard against counterfeiting. But it's also based on an old idea, now dismissed by mainstream economists, about how a currency should ...

Bitcoin’s Roller Coaster Day – Gawker

Bitcoin’s Roller Coaster Day
Gawker
Bitcoin’s Roller Coaster Day Bitcoin finally crashed! And then it didn’t. After two weeks in the spotlight, the anonymous techno-libertarian dweeb-currency rocketed past $250 yesterday—only to lose more than half its value over just a few hours today …

Bitcoin's Roller Coaster Day
Gawker
Bitcoin's Roller Coaster Day Bitcoin finally crashed! And then it didn't. After two weeks in the spotlight, the anonymous techno-libertarian dweeb-currency rocketed past $250 yesterday—only to lose more than half its value over just a few hours today ...

Bitcoin bubble burst? Currency suffers dramatic correction – CNET

Bitcoin bubble burst? Currency suffers dramatic correction
CNET
The peer-to-peer currency, which has quadrupled in value in the past four weeks, traded as high as $266 per Bitcoin today before plummeting to $105. It recovered to trade at $145 as of this writing, a one-day loss of 37 percent. Despite today’s losses …

Bitcoin bubble burst? Currency suffers dramatic correction
CNET
The peer-to-peer currency, which has quadrupled in value in the past four weeks, traded as high as $266 per Bitcoin today before plummeting to $105. It recovered to trade at $145 as of this writing, a one-day loss of 37 percent. Despite today's losses ...

The Bitcoin Bubble Is Going Crazy, Part Deux – Betabeat

The Bitcoin Bubble Is Going Crazy, Part Deux
Betabeat
Last week we covered the crazy increase in the price of Bitcoins. The biggest problem, we noted, was the same one that’s always worried Bitcoin users: the online currency’s vulnerability to hacker-induced fluctuations. Well, guess what happened today?

The Bitcoin Bubble Is Going Crazy, Part Deux
Betabeat
Last week we covered the crazy increase in the price of Bitcoins. The biggest problem, we noted, was the same one that's always worried Bitcoin users: the online currency's vulnerability to hacker-induced fluctuations. Well, guess what happened today?

Bitcoin hacker currency bursts into mainstream – U.S. News & World Report

Bitcoin hacker currency bursts into mainstream
U.S. News & World Report
NEW YORK (AP) — The value of bitcoins — a borderless, unregulated digital currency — zoomed to record prices Wednesday, then staged a “flash crash,” losing half their value for a few hours before clawing their way back up. The rapid price …

Bitcoin hacker currency bursts into mainstream
U.S. News & World Report
NEW YORK (AP) — The value of bitcoins — a borderless, unregulated digital currency — zoomed to record prices Wednesday, then staged a "flash crash," losing half their value for a few hours before clawing their way back up. The rapid price ...

Bitcoins might just need some “Magic” to battle falling prices – MarketWatch (blog)

Bitcoins might just need some “Magic” to battle falling prices
MarketWatch (blog)
Mt. Gox, which claims it is the only multi-currency trading platform for Bitcoin, is in fact short for Magic the Gathering Online Exchange. The Magic card game involves battles between wizards known as planeswalkers, who use spells and creatures …

Bitcoins might just need some "Magic" to battle falling prices
MarketWatch (blog)
Mt. Gox, which claims it is the only multi-currency trading platform for Bitcoin, is in fact short for Magic the Gathering Online Exchange. The Magic card game involves battles between wizards known as planeswalkers, who use spells and creatures ...

Bitcoin bubble begins to burst – CNN

Bitcoin bubble begins to burstCNNIt may be the beginning of the end for the Bitcoin bubble. The price of the virtual currency, which has increased almost 20-fold this year, plunged 60% Wednesday in the span of just five hours. Bitcoin prices hit a high…


Bitcoin bubble begins to burst
CNN
It may be the beginning of the end for the Bitcoin bubble. The price of the virtual currency, which has increased almost 20-fold this year, plunged 60% Wednesday in the span of just five hours. Bitcoin prices hit a high of $266 earlier in the day ...

Bitcoin is not a real currency, just some 21st-century cowrie shells – Observer


Observer

Bitcoin is not a real currency, just some 21st-century cowrie shells
Observer
The rollercoaster ride of Bitcoin‘s valuation has, after a couple of months of being pulled up the roller, hit the “coaster” part. Now is the time where the people on board have to decide if they’re going to scream and jump out – which a fair chunk of …

Observer
Bitcoin is not a real currency, just some 21st-century cowrie shells
Observer
The rollercoaster ride of Bitcoin's valuation has, after a couple of months of being pulled up the roller, hit the "coaster" part. Now is the time where the people on board have to decide if they're going to scream and jump out - which a fair chunk of ...

Bitcoin hits new high before losing $160 in value in one day – The Guardian

The GuardianBitcoin hits new high before losing $160 in value in one dayThe GuardianUntil recently Bitcoin had been a largely obscure currency used by the tech-savvy, libertarians wishing to thumb their noses at central bankers and people involved in m…


The Guardian
Bitcoin hits new high before losing $160 in value in one day
The Guardian
Until recently Bitcoin had been a largely obscure currency used by the tech-savvy, libertarians wishing to thumb their noses at central bankers and people involved in more nefarious activities such as online gambling (often illegal in the US) or drug ...

The only two Bitcoin charts that you need – The Next Web

The Next WebThe only two Bitcoin charts that you needThe Next WebIn all seriousness, what is going on? An apparent DDoS attack on two key markets for Bitcoin has taken down trading speed to a crawl. When things get tight in that way, the price falls. B…


The Next Web
The only two Bitcoin charts that you need
The Next Web
In all seriousness, what is going on? An apparent DDoS attack on two key markets for Bitcoin has taken down trading speed to a crawl. When things get tight in that way, the price falls. Bitcoin may recover once the assault has passed, but that it can ...

Bitcoin crashes, losing nearly half of its value in six hours – Ars Technica


Ars Technica

Bitcoin crashes, losing nearly half of its value in six hours
Ars Technica
On Wednesday afternoon, the Bitcoin bubble appears to have burst. As of this writing, its current value is around $160—down from a high of $260. (It fell as low as $130 today.) There is no obvious explanation for why the digital currency has fallen so …

Ars Technica
Bitcoin crashes, losing nearly half of its value in six hours
Ars Technica
On Wednesday afternoon, the Bitcoin bubble appears to have burst. As of this writing, its current value is around $160—down from a high of $260. (It fell as low as $130 today.) There is no obvious explanation for why the digital currency has fallen so ...

Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges – TechCrunch

Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges
TechCrunch
Bitcoin is undergoing a classic correction after quintupling in price over the past 30 days. The currency, which was trading as high as $265 earlier today on Mt. Gox, plummeted and is now trading at around $150. We’ve reached out to one of the biggest …

Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges
TechCrunch
Bitcoin is undergoing a classic correction after quintupling in price over the past 30 days. The currency, which was trading as high as $265 earlier today on Mt. Gox, plummeted and is now trading at around $150. We've reached out to one of the biggest ...

Bitcoin 2013 Conference Update

Bitcoin 2013 is just around the corner!  I wanted to give you some quick updates: We just released a detailed conference schedule, which includes a ton of great panelists and presenters on a broad range of topics.  Check out the schedule on the conference website. We also announced details about the hackathon, which you can […]

Bitcoin 2013 is just around the corner!  I wanted to give you some quick updates:

This is an exciting time for bitcoin, and we can’t wait for the conference to bring so many great minds together to discuss many of the key issues in this space.  Thank you to all our panelists, presenters, and sponsors!  It’s going to be a great event.

Why Bitcoin is a Bubble – Daily Beast

Why Bitcoin is a Bubble
Daily Beast
When people dismiss Bitcoins because they can’t think of how they’d use it, they’re missing the fact that Bitcoin is a platform, not a product in its own right. When ordinary users started buying computers, it wasn’t because they thought it would be …

Why Bitcoin is a Bubble
Daily Beast
When people dismiss Bitcoins because they can't think of how they'd use it, they're missing the fact that Bitcoin is a platform, not a product in its own right. When ordinary users started buying computers, it wasn't because they thought it would be ...

Bitcoin price fluctuates wildly after massive run-up, losing up to 50 percent … – The Verge

Bitcoin price fluctuates wildly after massive run-up, losing up to 50 percent …
The Verge
Open-source currency Bitcoin is currently experiencing an incredibly volatile day — after reaching a daily high of $266 earlier, one Bitcoin is currently valued at $178, though pricing has gone as low as $150 as of this writing. That’s a difference of …

Bitcoin price fluctuates wildly after massive run-up, losing up to 50 percent ...
The Verge
Open-source currency Bitcoin is currently experiencing an incredibly volatile day — after reaching a daily high of $266 earlier, one Bitcoin is currently valued at $178, though pricing has gone as low as $150 as of this writing. That's a difference of ...