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Bitcoin Crash Spurs Race to Create New Exchanges
CNBC.com
The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wednesday disgruntled customers who directed their anger against the alternative currency’s major exchange. Bitcoin proved once again …

OpenCoin raises funding from Bitcoin Opportunity Fund and others
The Next Web
OpenCoin has closed an angel round of funding with participation from Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures, and the Bitcoin Opportunity Fund; an investment vehicle for Bitcoins and Bitcoin-related companies.
The Daily Startup: OpenCoin Cashes In on Bitcoin FrenzyWall Street Journal
Cashing In on Bitcoin’s Surge, OpenCoin Secures FundingDow Jones Bankruptcy & Debt (registration)
Now Backed By Andreessen & More, OpenCoin Looks To Build A Better Bitcoin …TechCrunch

all 6 news articles »

How Hackers Could Burst The Bitcoin Bubble
Huffington Post
Willie Sutton, the famous bank robber, once supposedly said he held up banks “because that’s where the money is.” Today, the money is in Bitcoin, a virtual currency with a skyrocketing value. And that value has caught the attention of today’s digital …

Introducing Ripple, a Bitcoin Copycat
Businessweek
The virtual currency Bitcoin is all over the news these days—in part for its volatility. If you can use it, or even understand why it has any value, you’re in a small minority. There are all sorts of aspects to the “math-based” virtual money that make …
Real money starts to pour into math-based currencies like bitcoinQuartz
OpenCoin raises funding from Bitcoin Opportunity Fund and othersThe Next Web
Bitcoin rival Ripple looks to make wavesComputerworld
San Francisco Business Times (blog) –TechCrunch –MIT Technology Review
all 12 news articles »

7 things you need to know about Bitcoin
PCWorld (blog)
Bitcoins are all the buzz. The virtual currency is riding a rollercoaster of speculation, rising exponentially in value and reaching a high of $260 this Wednesday before plummeting to $130. What’s more, the largest bitcoin exchange in the world just …

It’s War Between Bitcoin’s True Believers And Speculators
Business Insider
After spending all weekend absorbed in obscure forum postings about cryptography and digital signatures, and feeling a bit like the Javier Bardem character from the latest Bond film, I bought some Bitcoin on Monday and tweeted to my readers that I was …

What is bitcoin? An idiot’s guide to the virtual currency
Metro
Once exclusively the domain of tech-savvy libertarians, virtual currency bitcoin has shot to prominence after a massive rise in value and the financial crisis in Cyprus. We explain what bitcoin is, how it works and whether it represents a glimpse into …

Bitcoin ‘panic sale’ caused by worried traders, not attacks
ZDNet
Summary: Despite initial reports claiming that Bitcoin exchange Mt Gox had been hit by a second denial-of-service attack, the exchange has come forth stating that recent performance issues are actually a result of its own success. Michael Lee. By …

Bitcoin, the nationless electronic cash beloved by hackers, bursts into …
Washington Post
The Argentine software developer was dealing in bitcoins — getting an injection of the cybercurrency in exchange for a wad of real greenbacks he handed to a pair of Australian tourists in a Buenos Aires Starbucks. The visitors wanted spending money at …

WALL STREET ANALYST: Bitcoin Is A ‘Key New Idea’ For Investors Who Want …
Business Insider
Returning to the confidence issue, Colas told the Bloomberg anchors, “What I think is most ironic and interesting about Bitcoin is that real people put real money into this system, having the same faith in it that they do in a sovereign government …

Bitcoin volatility caused by surge in demand, slow software
PCWorld
Of Bitcoins and e-bullion: The sad history of virtual currency · Meet Skydog, the cloud-powered wi-fi router · How to control your PC with your Android phone · 12 easy PC tasks you should be doing (but aren’t) · The 5 biggest online privacy threats of …

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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 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
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 …