28 Jan '13, 2pm

bitcoin

bitcoin

An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks. The CHART OF THE DAY shows that bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88, according to data from Mt. Gox, the world’s largest bitcoin exchange. The money, issued by a decentralized network of computers, has recovered after falling to $2.14 in November 2011 from a high of $29.58 five months earlier. Greater demand for virtual currencies could have a negative impact on the reputation of central banks, according to a report published by the European Central Bank in October last year. Since the report was released, bitcoin has risen more than 55 percent against the dollar and use of the currency has surged. Bitpay Inc., a bitcoin payment processing company that recently raised $5...

Full article: http://www.bloomberg.com/news/2013-01-28/bitcoin-s-gains-...

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mobile.bloomberg.com 28 Jan '13, 2pm

Bitcoin’s Gains May Fuel Central Bank Concerns: Chart of the Day By Max Raskin January 27, 2013 7:00 PM EST Click 'Queue' ...

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maxkeiser.com 28 Jan '13, 3pm

Bitcoin has doubled in value simply because supply has been halved artificially. Who exactly decides that the reward for s...

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An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could under...

Bitcoin’s surging value could threaten central banks:

Bitcoin’s surging value could threaten central ...

deathandtaxesmag.com 28 Jan '13, 10pm

More than the world’s religions, its central banks are sacrosanct. Which is why it’s crazy that Bloomberg is now reporting...

Chart Of The Day: Is The ECB Responsible For The Second Coming Of BitCoin?

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zerohedge.com 28 Jan '13, 8pm

So one wonders: after soaring to an all time high of $30 before crashing concurrent with the epic May 1, 2011 takedown of ...

If there's one thing I think of, when I look at...

bloomberg.com 28 Jan '13, 9pm

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stratrisks.com 29 Jan '13, 9pm

Greater demand for virtual currencies could have a negative impact on the reputation of central banks, according to a repo...

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thebitcointrader.com 28 Jan '13, 10pm

A big day for Bitcoin today, as articles about the currency have hit both Bloomberg and ZeroHedge . Bloomberg's article wa...

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bloomberg.com 28 Jan '13, 5pm

U.S. Stocks Little Changed Amid Economic Data, Earnings Watchdog Says U.S. Treasury Failed to Curb AIG, GM Pay Berkshire S...

Bitcoin is Booming… and it’s Scaring Central Ba...

reddit.com 30 Jan '13, 7pm

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Bitcoin "Could Undermine Central Banks." Woo hoo!

reason.com 29 Jan '13, 7pm

Greater demand for virtual currencies could have a negative impact on the reputation of central banks, according to a repo...