A bow and an apology: Mark Karpeles, CEO of Mt. Gox, was contrite at the start of a news conference in Tokyo on Friday in which it was announced that the firm has filed for bankruptcy.
Bitcoin isn't just for shady business — it can also buy you some delicious goodness. The Old Fitzroy pub in Sydney is one of many food and drink businesses beginning to accept bitcoins as a valid method of payment.
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A Welsh man has realized that he threw out a stash of Bitcoins along with an old computer hard drive. At an exchange rate hit today, they would be worth around $7.5 million. Here, a photo of tokens representing Bitcoins.
Economists say small-business owners — especially farmers dealing in high volume and low profit margins — are more likely to accept a volatile currency like Bitcoin than bigger businesses.
A chart shows the sharp rise of bitcoin against the U.S. dollar in the past five days. Only two months after exchange rates put a single bitcoin's value at around $20, it surpassed $200 Tuesday.