21 Mar '13, 4pm

Bitcoin Sees Broad Global Adoption of its Controversial Virtual Currency

Bitcoin Sees Broad Global Adoption of its Controversial Virtual Currency

Bitcoin , the virtual currency anonymously exchanged through an online peer-to-peer network, has hit the mainstream radar as ironically, a technical glitch caused a “flash crash ” this week, sending Bitcoin on a 23 percent tumble and into financial headlines. Created by Satoshi Nakamoto, “Bitcoin is not controlled by any government or central bank,” explains Business Insider. “And two, it’s private. In the world of conventional finance, governments can see every time you use your credit card, withdraw cash at an ATM, or make a wire transfer. Yet with Bitcoin, they don’t have this ability. And this is a key reason why Bitcoin has become so popular, especially in places like Argentina where people are getting squashed by their government.” In Cyprus, citizens “are finding out that their duly elected representatives have now sanctioned theft of their private bank account," ac...

Full article: http://www.brandchannel.com/home/post/2013/03/21/Bitcoin-...

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#bitcoin

#bitcoin

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Sorry, but Bitcoin isn't a 'currency'

Sorry, but Bitcoin isn't a 'currency'

go.bloomberg.com 21 Mar '13, 10pm

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