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What Are Bitcoins? Virtual Currency Explained (Like You're an ...

Members of Congress today will get a crash course on bitcoin, the digital "currency" that allows users to conduct transactions online. In just five years the virtual currency has gone from being worth pennies to nearly $600 apiece. It has funded nascent democracy movements as well as a huge underground marketplace for illegal drugs and weapons.

We set out to answer the question: What Are...

5 things to know about bitcoin - ABC News

Bitcoin has been on a volatile roller coaster this past week. The cryptocurrency hit an all-time high of $11,395 on Nov. 29 before losing over one-fifth of its value, dropping as low as $9,000 at one point on Nov. 30.

Despite the drop, bitcoin is still up over 900 percent year-to-date. So what exactly is bitcoin and how is it being used?

Here are five things to know about bitcoin:

1. Bitcoin is a...

Expedia to Accept Bitcoin for Hotel Reservations - ABC News

Expedia to Accept Bitcoin for Hotel Reservations

By Genevieve Shaw Brown

Star

Andrew Harrer/Bloomberg via Getty Images

The Expedia Inc. logo is displayed on laptop computers arranged for a photograph in Washington, D.C., U.S., on Oct. 29, 2013.

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Online travel giant Expedia announced today it will begin accepting the digital currency bitcoin.

Expedia is the largest online travel agency to accept the digital currency, but it's not...

Woman charged with laundering money via bitcoin to support ...

Zoobia Shahnaz, who lives in Brentwood on Long Island, was charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering. The five-count indictment was unsealed Thursday in federal court in Central Islip, New York.

"The defendant defrauded numerous financial institutions and obtained over $85,000 in illicit proceeds, which she converted to Bitcoin and other...

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