Bitcoin the virtual internet currency that worth more than any other currency in world crashed on Monday as a Mt.Gox, the major exchange for Bitcoin stopped trading it. Mt.Gox said it has discovered a bug that causes problems when customers try to use their account to make a transfer or payment of bitcoins to a third party. It said the ... Read More »
The hatred for Bitcoin keep by our beloved governments continue to heat up. The latest being that Russia has outlawed Bitcoin. The internet currency Bitcoin is being quite a threat to the regular government currency and governments do understand it could destabilize the currency value. Russia has decided to act. Russia’s Prosecutor General has declared use of bitcoin illegal in ... Read More »
The virtual currency Bitcoin is has touched the $1000 mark for the first time! This is the first time in history a currency unit that too an virtual currency is trading at such levels. Bitcoin’s value has been rising rapidly since a US Senate committee hearing earlier this month. Confidence grew after the committee described virtual currencies as a “legitimate ... Read More »
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