18 Nov '13, 7pm

Bitcoin soars above. $600 as US Senate hearing gives it legitimacy

Bitcoin soars above. $600 as US Senate hearing gives it legitimacy

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. But it may be better to think of its units as being virtual tokens that have value because enough people believe ...

Full article: http://www.bbc.co.uk/news/technology-24986264

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online.wsj.com 18 Nov '13, 3pm

WASHINGTON—U.S. law-enforcement officials were set to outline the pitfalls and promises of virtual currencies such as bitc...

Bitcoin is Crashing As Senate Hearing Begins

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businessinsider.com 18 Nov '13, 8pm

cspan Bitcoin is back at new all-time highs as the Senate wraps up a hearing on digital currencies. The price on the Mt. G...

Bitcoin hits new heights as US authorities lend legitimacy to virtual currencies in hearing

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Bitcoin Tops $600, Up 60x Over the Last Year

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mashable.com 18 Nov '13, 2pm

The price of bitcoins surpassed $600 on Monday as the Internet-based currency's value jumped 60-fold over a year ago. Mt. ...

Bitcoin Hits $600

businessinsider.com 18 Nov '13, 10am

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usatoday.com 19 Nov '13, 12am

Lawmakers are grappling with how and whether to regulate the virtual currency Sen. Tom Carper, D-Del., chairman of the Hom...

What Will Come Of The Senate Hearing On Bitcoin?

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silveristhenew.com 11 Nov '13, 3am

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Bitcoin Comes to Washington: Monday’s Hearing Is Just The Beginning via @TIMEPolitics

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swampland.time.com 18 Nov '13, 3am

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The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are leg...

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coindesk.com 11 Nov '13, 3pm

The US Senate Committee on Homeland Security and Governmental Affairs has set 18th November as the date for its hearing in...