18 May '13, 9am

Bitcoin finding its feet at first Silicon Valley conference - PCWorld #bitcoin

Bitcoin finding its feet at first Silicon Valley conference - PCWorld #bitcoin

The virtual currency that caught the public's attention last month when its value zoomed briefly past $200 kicked off its first Silicon Valley conference Friday evening and shows no sign of losing momentum. The event is small by Silicon Valley standards, with about 1000 attendees expected and 19 exhibitors, but it's bustling with startups launching new exchanges, software developers looking to strengthen the Bitcoin network, and venture capitalists seeking places to invest. There's now $45 million a day being traded on the Bitcoin network, or $16 billion a year, according to Peter Vessenes, chairman of the Bitcoin Foundation, who talked at the start of the event in San Jose. IDGNS The chairman of the Bitcoin Foundation, Peter Vessenes, opens Bitcoin2013 on May 17. The volume of activity is accelerating, he said. There have been 18 million transactions in the four years sin...

Full article: http://www.pcworld.com/article/2039100/bitcoin-finding-it...

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