30 Mar '13, 5pm

Is the future of currencies virtual? Bitcoin Hits $1 Billion

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year, set a new record for itself yesterday afternoon as the price listed on the largest online exchange rose past US $92. With nearly 11 million Bitcoins in circulation*, this sets the total worth of the currency just over one billion dollars. For a bit of perspective, that's how much Facebook spent on its acquisition of Instagram last April. But Bitcoin is not a company. It's a digital currency that runs on a global peer-to-peer network without the backing of a nation or any other central authority. The recent ascent has traditional economists scratching their heads. “It’s something of a mystery that Bitcoin has a positive value at all since it wasn’t launched in the way a new currency is typically launched,” says Lawrence White , an economist who teaches...

Full article: http://spectrum.ieee.org/tech-talk/computing/networks/bit...

Tweets

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 10pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

#Bitcoin Hits $1 Billion via @IEEESpectrum

spectrum.ieee.org 30 Mar '13, 12am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 3pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Remember this name: Bitcoin Hits $1B ... ... Th...

spectrum.ieee.org 31 Mar '13, 12am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

#Bitcoin Hits $1Bn & 11 Million Bitcoins In Cir...

spectrum.ieee.org 31 Mar '13, 4am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Total Bitcoin value passes $1 billion

theverge.com 30 Mar '13, 6pm

The combined value of all Bitcoins in circulation surpassed $1 billion this Thursday, as the exchange rate for each indivi...

Bitcoin Hits $1 Billion (Morgen Peck/IEEE Spect...

techmeme.com 30 Mar '13, 12pm

— Bitcoin, the world's first open source cryptographic currency, which has been on a tear since the beginning of this year...

What Is Bitcoin, The Newest $1 Billion Currency...

huffingtonpost.com 29 Mar '13, 6pm

Actually, Cypriots would disagree with you today. Lots of people can't move their toxic euros anymore. People are jumping ...

Breaking down Bitcoin, the newest $1 billion cu...

huffingtonpost.com 29 Mar '13, 6pm

Actually, Cypriots would disagree with you today. Lots of people can't move their toxic euros anymore. People are jumping ...

Bitcoin: How An Unregulated, Decentralized Virt...

techcrunch.com 29 Mar '13, 4am

Hang around in the tech industry long enough and you or someone you know will be heard saying, “that’s so crazy it just mi...

'Challenging the dollar': #Bitcoin total value top $1 billion

'Challenging the dollar': #Bitcoin total value ...

rt.com 31 Mar '13, 1pm

Bitcoins are vulnerable to being stolen by hackers, thieves and fraudsters, though the Bitcoin community has made efforts ...

Bitcoin Hits $1 Billion: The total worth of the virtual currency has reached a new high. Economists are mystif...

Bitcoin Hits $1 Billion: The total worth of the...

spectrum.ieee.org 02 Apr '13, 5pm

Bitcoin , the world’s first open-source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin VC explains $1B valuation: @UpstartMichael @BoostVC

Bitcoin VC explains $1B valuation: @UpstartMich...

upstart.bizjournals.com 29 Mar '13, 8pm

T he virtual currency Bitcoin reached a total market valuation of $1 billion Thursday, and today Adam Draper , the founder...

Digital 'bitcoin' currency surpasses 20 nationa...

foxnews.com 30 Mar '13, 2pm

More than $1 billion dollars worth of a digital currency known as "bitcoins" now circulate on the web – an amount that exc...

Total value of Bitcoin surpasses $1B

Total value of Bitcoin surpasses $1B

slashgear.com 30 Mar '13, 9pm

The total value of the P2P currency, Bitcoin, has surpassed $1 billion. On Thursday, the exchange rate for the currency su...