Chinese authorities' are cracking down on use of the virtual currency. So the value of a bitcoin has plunged. Many experts expect further declines.
December 5, 2013 The exchange rate of Bitcoin, the digital currency whose value has sharply risen this year, took a hit following a government ban. Chinese citizens are not forbidden from using the currency.
November 27, 2013 "You know when you put something in the bin, and in your head, say to yourself 'that's a bad idea'? I really did have that," James Howells says. And boy, was his intuition right: Howells tossed a hard drive that held millions of dollars' worth of Bitcoins, the currency whose value has skyrocketed this year.
November 12, 2013 There aren't many businesses accepting Bitcoin just yet, so what's bringing together the futuristic currency with the age-old profession of farming? Some say credit card fees play a big role.
October 2, 2013 Ross William Ulbricht, 29, known by his hacker handle "Dread Pirate Roberts," is charged with conspiracy to drug trafficking, hacking and money laundering.
April 9, 2013 Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."
February 6, 2013 With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically, millions of dollars are being kept in the digital currency. And it's increasingly being used by specialized websites to offer online gambling. But is Bitcoin gambling legal?