08 Oct '13, 5pm

Bitcoin's Value Is Demonstratively Linked To Illicit Use by @laureninspace

This past week produced an intriguing illustration of the black market's influence on Bitcoin valuation. The anonymous crypto-currency’s value dropped suddenly last Wednesday after federal law enforcement agencies shuttered Silk Road, an online black market used to buy and sell illegal drugs with Bitcoins. According to Mt. Gox , one of the most popular Bitcoin exchange services, the value of the virtual currency plunged from $140 to $129 the day Silk Road closed down. Trading volume in Bitcoin simultaneously skyrocketed. Mt. Gox's record of the value drop on Oct. 2. The blue line shows a spike in the volume of Bitcoins being traded as the value (the red-and-green line) drops. Bitcoin evangelists have long insisted that the currency really has nothing to do with illegal activity, but instead offers users lower fraud risk and increased privacy. But criminals have found that ...

Full article: http://readwrite.com/2013/10/08/bitcoin-probably-gets-its...

Tweets

Why Bitcoin Boomed During the Government Shutdown via @motherboard

Why Bitcoin Boomed During the Government Shutdo...

motherboard.vice.com 17 Oct '13, 5pm

Just two weeks after the Feds shuttered the Silk Road , the notorious online drug bazaar, bitcoin prices have touched a fi...

The price of Bitcoin has risen nearly 5-7% in t...

twitter.com 14 Oct '13, 3am

When you tweet with a location, Twitter stores that location. You can switch location on/off before each Tweet and always ...

A Bitcoin evangelist on the virtues of cryptocu...

pbs.org 09 Oct '13, 10pm

Beginning October 24, 2012, PBS NewsHour will allow open commenting for all registered users. We hope that the elimination...

given your ties to Detroit, can you comment on ...

ace.mu.nu 10 Oct '13, 6pm

« The Nevada ObamaCare Exchanges: A Case Study In Incompetence | Main | Boehner: I'll Give You a Short-Term CR Hike In Exc...