21 Mar '13, 10pm

Sorry, but Bitcoin isn't a 'currency'

Sorry, but Bitcoin isn't a 'currency'

Photographer: Stephen Hilger/Bloomberg News. Unlike Bitcoins, real currency can be used to buy stuff. The most recent permutation of the euro crisis seems to have enlivened a renewed interest in Bitcoin, the artificial “currency.” Since Monday, the value of a single Bitcoin has shot up to $72.50, a gain of more than 50 percent. Businessweek ‘s Bernhard Warner reports on the surge in Bitcoin interest as Europeans wonder if their money is safe in the wake of the Cyprus deposit tax fiasco. One place where it’s not safe is in Bitcoin. Bitcoin is generally referred to as a “digital currency” or “virtual currency,” a form of cash that doesn’t need government backing. Unfortunately it’s missing the most essential aspect of money: it’s not useful for buying anything. Bitcoin’s rise as a tool for financial speculation underlines the failure of the virtual currency idea. The origina...

Full article: http://go.bloomberg.com/market-now/2013/03/21/sorry-bitco...

Tweets

Bitcoin: the fastest growing currency in the wo...

guardian.co.uk 22 Mar '13, 4pm

Bitcoin is an unregulated, uncontrolled online currency – worth more than £500m, it's the world's fastest growing. It can ...

Bloomberg

bloomberg.com 21 Mar '13, 3pm

March 21 (Bloomberg) -- Sara Eisen takes a look at Bitcoin, what it is and how it's used. She speaks on Bloomberg Televisi...

The euro is down — and Bitcoin, the peer-to-peer currency, is way up:

The euro is down — and Bitcoin, the peer-to-pee...

theweek.com 22 Mar '13, 1am

How Lululemon got kicked in the (butt-baring) pants Today in business: 5 things you need to know Cyprus rejects the EU bai...

Bitcoin 101: The Digital Currency Revolution [INFOGRAPHIC] via @DashBurst

Bitcoin 101: The Digital Currency Revolution [I...

dashburst.com 21 Mar '13, 1pm

In the digital age, just about everything has gone digital, and that includes currency. If you've dismissed the concept of...

Bitcoin Sees Broad Global Adoption of its Controversial Virtual Currency

Bitcoin Sees Broad Global Adoption of its Contr...

brandchannel.com 21 Mar '13, 4pm

Bitcoin , the virtual currency anonymously exchanged through an online peer-to-peer network, has hit the mainstream radar ...

Digital currency value skyrockets in wake of Cyprus crisis: Bitcoin bubble.

Digital currency value skyrockets in wake of Cy...

itnews.com.au 21 Mar '13, 9pm

The value of the digital currency Bitcoin has appreciated over the last few weeks as monetary worries in Europe drive peop...

#bitcoin

#bitcoin

motherboard.vice.com 21 Mar '13, 2pm

King Tut's golden burial mask, via Bjørn Christian Tørrissen Plenty of people still have a difficult time wrapping their h...

Bitcoin: Virtual Currency Enters Real World

bloomberg.com 22 Mar '13, 9pm

Welcome to the real world, Bitcoin. The U.S. government has officially legitimized the popular crypto-currency and other "...

Bitcoin: the fastest growing currency in the wo...

guardian.co.uk 22 Mar '13, 4pm

Bitcoin is an unregulated, uncontrolled online currency – worth more than £500m, it's the world's fastest growing. It can ...

Canadian man to sell house for Bitcoin virtual currency

Canadian man to sell house for Bitcoin virtual ...

bbc.co.uk 20 Mar '13, 5pm

20 March 2013 Last updated at 17:17 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Can...

Is Bitcoin the New Safe-Haven Currency? Bitcoin...

intellihub.com 20 Mar '13, 5am

Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid March 20, 2013 | Filed under: Economics ,Eur...

#bitcoin

bloomberg.com 20 Mar '13, 6pm

Worried your government is going to take your savings? There's an app for that. Actually, there's an entire currency: Bitc...

Cyprus Crisis Boosts Odd Currency - Bitcoins

Cyprus Crisis Boosts Odd Currency - Bitcoins

abcnews.go.com 23 Mar '13, 12pm

The use of the virtual currency, bitcoins, is one the rise. (Getty Images) Currency markets are keeping close track of Cyp...

As Cyprus Implodes, Bitcoin Interest Explodes |...

foxbusiness.com 22 Mar '13, 9pm

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentrali...

"The best-performing currency year-to-date has ...

abcnews.go.com 23 Mar '13, 2pm

Currency markets are keeping close track of Cyprus' banking crisis and are braced for possible repercussions, but one curr...