18 Mar '13, 3pm

Tradehill is back to make real money from virtual currency

Tradehill is back to make real money from virtual currency

In its heyday, Tradehill was the second largest exchange for experimental virtual currency Bitcoin . But the site closed down due to a protracted regulatory dispute and a string of payments fraud charges . With a new team and a design reboot, Tradehill is ready for a relaunch. The new site goes live today with a new business-focused product dubbed “Prime.” “We want to be the grownups in the Bitcoin space,” said chief operating officer Ryan Singer in an interview. “Our goal is to be the institution that other institutions turn to when they have needs related to digital currencies.” Bitcoin is a cryptographically secure currency that operates without a central authority, unlike the dollar or yen. It burst into the public eye in the spring of 2011, and its value has fluctuated widely ever since. Last week, the currency collapsed 23 percent due to a technical glitch . Bitcoin ...

Full article: http://venturebeat.com/2013/03/18/embattled-bitcoin-excha...

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