What is Bitcoin and how does virtual currency work

The value of the virtual currency Bitcoin has plummeted following an FBI raid on the shady Silk Road online marketplace.

From: Spab Mendez

Value of Bitcoin soars after US Senate hearing

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The value of virtual currency Bitcoin has increased to over $900 USD, following a US Senate committee hearing.

The committee determined that virtual currencies were a legitimate financial service, and had the same benefits and risks as other online payment systems.

Senator Thomas Carper said in an opening remark: "Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us." The US Senate...

From: Global Report News

Related topics : fbi bitcoin virtual currency

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Senate considers Bitcoin regulations

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The Senate Homeland Security and Committees held a joint hearing on virtual currency Bitcoin on Tuesday. Bitcoins are basically digital cash for the Internet, operating through person-to-person exchange, without a bank or central monetary authority to regulate or issue the currency. Bitcoins caught the eye of federal legislators after the FBI raided online black market Silk Road, which used Bitcoins as its currency of choice. The hearing looks at whether digital currencies should be regulated -...

From: News5551

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Senate considers Bitcoin regulations

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From: RT America

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Bitcoin value drops after US crackdown

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The value of the virtual currency Bitcoin has fallen sharply after the FBI shut down an underground website that used it for trading illegal goods. Bitcoin is difficult to trace, and it's association with criminal transactions has led to questions about its future. Rob Reynolds reports from San Francisco.

From: Al Jazeera English

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