2/12/2014

Bitcoin value drops sharply after tech issues continue

Bitcoin's value has dropped sharply after one of the largest trading exchanges said there was a flaw in the virtual currency's underlying software. MtGox said it had halted transfers to external Bitcoin addresses on Friday after detecting "unusual activity". It said an investigation had revealed it was possible for thieves to fool the transaction process so that double...


2/11/2014

How Bitcoin works

Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for. To process Bitcoin transactions, a procedure called "mining" must take...