28 Mar '13, 10pm

Bitcoin, up 152% this month, tops $1 billion in total value

Bitcoin, up 152% this month, tops $1 billion in total value

Digital currency bitcoin continues its remarkable and somewhat inexplicable run. It’s up 152% this month, and today the total value of all outstanding bitcoins—its market capitalization , if you will—topped $1 billion for the first time before settling back down. That’s quite a milestone, considering bitcoin isn’t backed by any real asset or faith in any government. “A bitcoin’s not so much a thing as an understanding,” writes Paul Ford in a must-read essay about the currency in the new issue of Businessweek. His argument: Bitcoins are just as arbitrary as many financial instruments, like your average credit derivative packaged by a bank, but more interesting because they require trust in an idea rather than an institution. Yes. What makes bitcoin so maddening to explain—no, there’s no central bank; yes, it really is just a bunch of people creating money out of thin air—is...

Full article: http://qz.com/68328/bitcoin-up-152-this-month-tops-1-bill...

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Bitcoin Hits $1 Billion

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Bitcoin Hits $1 Billion

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rt.com 31 Mar '13, 1pm

Bitcoins are vulnerable to being stolen by hackers, thieves and fraudsters, though the Bitcoin community has made efforts ...

#Bitcoin Hits $1 Billion via @IEEESpectrum

spectrum.ieee.org 30 Mar '13, 12am

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Actually, Cypriots would disagree with you today. Lots of people can't move their toxic euros anymore. People are jumping ...

Bitcoin Is Now a Billion Dollar Industry

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theatlanticwire.com 29 Mar '13, 1am

A tremendous thing happened in the weird world of bitcoin on Thursday. For the first time in the currency's history, the t...

Total value of Bitcoin surpasses $1B

Total value of Bitcoin surpasses $1B

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