31 Mar '13, 1pm

'Challenging the dollar': #Bitcoin total value top $1 billion

'Challenging the dollar': #Bitcoin total value top $1 billion

Bitcoins are vulnerable to being stolen by hackers, thieves and fraudsters, though the Bitcoin community has made efforts to curb such crimes. The largest Bitcoin scam reportedly ran in 2012, and was structured like a classic Ponzi scheme. Investors lost at least 200,000 BTC worth $2.2 million at the time, according to the Bitcoin Forums. The high estimate puts the number at 500,000 BTC, or 5 percent of the total number of bitcoins in circulation at the time. The largest Bitcoin hacking heist, in March 2012, robbed the victims of 46,653 BTC ($230,468). The perpetrators exploited a vulnerability in the customer service of Bitcoinica exchange to get access to users' wallets. Satoshi Nakamoto, who created Bitcoin in 2009, left the system to develop on its own in 2011; his true identity was never revealed. One popular theory among Russian bloggers speculates that Nakamoto is G...

Full article: http://rt.com/news/bitcoin-challenge-dollar-currency-121/

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Total Bitcoin value passes $1 billion

theverge.com 30 Mar '13, 6pm

The combined value of all Bitcoins in circulation surpassed $1 billion this Thursday, as the exchange rate for each indivi...

Total value of Bitcoin surpasses $1B

Total value of Bitcoin surpasses $1B

slashgear.com 30 Mar '13, 9pm

The total value of the P2P currency, Bitcoin, has surpassed $1 billion. On Thursday, the exchange rate for the currency su...

Is the future of currencies virtual? Bitcoin Hi...

spectrum.ieee.org 30 Mar '13, 5pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

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

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

QZ.com 28 Mar '13, 10pm

Digital currency bitcoin continues its remarkable and somewhat inexplicable run. It’s up 152% this month, and today the to...

#Bitcoin Hits $1Bn & 11 Million Bitcoins In Cir...

spectrum.ieee.org 31 Mar '13, 4am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 10pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Is Now a Billion Dollar Industry

Bitcoin Is Now a Billion Dollar Industry

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...

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 3pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

#Bitcoin Hits $1 Billion via @IEEESpectrum

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

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Hits $1 Billion: The total worth of the virtual currency has reached a new high. Economists are mystif...

Bitcoin Hits $1 Billion: The total worth of the...

spectrum.ieee.org 02 Apr '13, 5pm

Bitcoin , the world’s first open-source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin value triples in a month to all-time hi...

arstechnica.com 01 Apr '13, 3pm

At the end of February, Bitcoins hit an all-time trading high of just over $33 . That suddenly looks like chump change, wi...

Bitcoin: How An Unregulated, Decentralized Virt...

techcrunch.com 29 Mar '13, 4am

Hang around in the tech industry long enough and you or someone you know will be heard saying, “that’s so crazy it just mi...

As Bitcoin Becomes Billion Dollar Market Americ...

news.firedoglake.com 29 Mar '13, 8pm

The bitcoin market has officially crossed the billion dollar mark. It was a mere two years ago that bitcoins were introduc...

Bitcoin Currency Surpasses 20 National Currenci...

news.slashdot.org 29 Mar '13, 5pm

$1 billion dollars worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency st...