31 Mar '13, 12am

Remember this name: Bitcoin Hits $1B ... ... The world's first open source cryptographic currency.

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...

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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

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

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#Bitcoin Hits $1 Billion via @IEEESpectrum

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

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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...

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

techmeme.com 30 Mar '13, 12pm

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huffingtonpost.com 29 Mar '13, 6pm

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huffingtonpost.com 29 Mar '13, 6pm

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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...

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businessinsider.com 01 Apr '13, 11am

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

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techcrunch.com 29 Mar '13, 4am

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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 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...

BREAKING: BITCOIN HITS $100

businessinsider.com 01 Apr '13, 2pm

The digital currency Bitcoin just hit $100. The coins have been on a gigantic tear, as you can see only recently they were...