Bitcoiners rally to enlighten Washington
Washington's biggest problem when it comes to Bitcoin may just be that policymakers on the Hill don't know enough about it, yet.
Washington's biggest problem when it comes to Bitcoin may just be that policymakers on the Hill don't know enough about it, yet.
Bitcoin is not going away, the digital currency's developers say, and they're craving more technically savvy people to support its use.
More bumps in the road are probably in store for Bitcoin. The virtual currency has seen some massive swings in value over the last several weeks, but that volatility is not likely to end soon, its lead developer suggested on Saturday.
Mt. Gox, the largest exchange for buying and selling bitcoins, is temporarily shutting down following an uptick in activity on the site sparked by a massive drop in the digital currency's price.
The online virtual currency Bitcoin has generated some serious buzz lately, with its value soaring past US$200 for the first time this week. Now a smaller player hopes to emerge as a rival by processing transactions faster and giving its users more payment options.
Bitcoin may just be a "virtual" currency, but there's no denying its rising value. The currency, which last month was trading on the order of roughly $30, is now valued at over US$230.
A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.