03 Oct '13, 12pm

Bitcoin falls after Silk Road arrest: The price of bitcoins, a virtual currency, has fallen following to closu...

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be better to think of its units as being virtual tokens that have value because enough people believe they do and there is a finite number of them. Each bitcoin is represented by a unique online registration number. These numbers are created through a process called "mining", which involves a computer solving a difficult mathematical problem with a 64-digit solution. Each time a problem is solved the computer's owner is rewarded with bitcoins. To receive a bitcoin, a user must also have a Bitcoin address - a randomly generated string of 27 to 34 letters and numbers - which acts as a kind of virtual postbox to and from which the bitcoins are sent. Since there is no registry of these addresses, people can use them to protect their anonymity when making a trans...

Full article: http://www.bbc.co.uk/news/technology-24381847#sa-ns_mchan...

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Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin price plummets after Silk Road closure

Bitcoin price plummets after Silk Road closure

theguardian.com 03 Oct '13, 3pm

The price of Bitcoin, the anonymous peer-to-peer digital currency, plummeted after the alleged founder of the online drugs...

Bitcoin value plummeting following the Silk Road shut down by the FBI

Bitcoin value plummeting following the Silk Roa...

businessinsider.com 02 Oct '13, 5pm

The FBI seized Silk Road this morning . Silk Road is a website that let people anonymously buy illegal drugs using Bitcoin...

VIDEO: What is Bitcoin?

VIDEO: What is Bitcoin?

bbc.co.uk 03 Oct '13, 2pm

What is Bitcoin? and how does virtual currency work? 3 October 2013 Last updated at 13:52 BST The value of the virtual cur...

Bitcoin Falls 15% Following FBI's Silk Road Seizure

Bitcoin Falls 15% Following FBI's Silk Road Sei...

techcrunch.com 02 Oct '13, 5pm

Bitcoin is taking it on the nose following the FBI seizure of Silk Road, a popular – and partially hidden – marketplace fo...

What seizure of illicit Silk Road means for virtual currency Bitcoin - Los Angeles Times

What seizure of illicit Silk Road means for vir...

latimes.com 03 Oct '13, 6pm

There have been stories about the wild swings in the virtual currency's exchange rate, moves by financial regulators to sh...

Amid Silk Road uncertainty, Bitcoin value drops...

arstechnica.com 02 Oct '13, 7pm

Volatility of Bitcoin rates (in USD) over time (CT) this morning. Bitcoiny.org Bitcoin is experiencing a period of extreme...

End of Silk Road for drug users as FBI shuts down illicit website

End of Silk Road for drug users as FBI shuts do...

latimes.com 03 Oct '13, 1am

The manhunt ended with the arrest of an unlikely suspect: Ross William Ulbricht, a 29-year-old former physics student from...

Bitcoin tumbles on closure of drugs black market the Silk Road

Bitcoin tumbles on closure of drugs black marke...

telegraph.co.uk 03 Oct '13, 9am

The indictment alleges since the Silk Road emerged online in 2011, it has been used to exchange 9.5 million Bitcoins, wort...

Bitcoin price nosedives after bust of undergrou...

theverge.com 02 Oct '13, 6pm

The price of Bitcoin, the semi-anonymous e-currency that acts like virtual cash, is falling rapidly after the bust of unde...

FBI claims largest Bitcoin seizure after arrest...

theguardian.com 02 Oct '13, 11pm

US authorities have arrested Ross William Ulbricht, 29, alleged to be the owner and operator of Silk Road, the best-known ...

FBI arrests Silk Road's "Dread Pirate Roberts," Bitcoin trading jolted

FBI arrests Silk Road's "Dread Pirate Roberts,"...

gigaom.com 02 Oct '13, 6pm

The FBI on Wednesday shut down Silk Road, a notorious online market, and charged its 29-year-old administrator, known as D...

Silk Road Bust Could Slow Bitcoin Economy

technologyreview.com 03 Oct '13, 4am

News today that the FBI had arrested a man on suspicion of running the notorious online marketplace Silk Road, where bitco...

Bitcoin takes a hit after Silk Road takedown

Bitcoin takes a hit after Silk Road takedown

nbcnews.com 02 Oct '13, 11pm

bitcoin Bitcoin takes a hit after Silk Road takedown Devin Coldewey NBC News Facebook Share on Facebook Twitter LinkedIn G...