Bitcoin has risen from the dead… again
Bitcoin survived a hellish spring period when its value crashed to $320 from winter highs topping $1,000. With the price now hovering around $570, the cryptocurrency faces a series of important events in the coming weeks that could determine its future. On June 27th, the U.S. Government will auction a stash of seized Bitcoins worth around $17 million, derived from the shutdown of the notorious Silk Road marketplace. The level of interest in this auction and the quality of the buyers are going to be under close scrutiny. At the moment, it looks like there may be some hedge fund interest in the auction. Bidders must deposit $200,000 and verify their identities, so the auction could be a barometer of serious, institutional and corporate interest in Bitcoin. Even more interestingly, The New York Post reports that Marc Andreessen and NASDAQ are competing to create the first tru...