The online currency Bitcoin has shown unexpected success but its future as a broadly accepted exchange medium is limited, according to a report by a global banking group Thursday.
China's largest online marketplace, Alibaba Group's Taobao, said Wednesday that it would ban the trading of Bitcoin and other virtual currencies from January 14, after a government crackdown on the units.
The virtual currency Bitcoin jumped back over $1,000 Monday after online gaming company Zynga began a test operation to accept Bitcoin in some of its games.
India's biggest Bitcoin trading platform said on its website Friday it had suspended operations after the central bank warned against the risks of using virtual money.
US authorities said Friday three more people were charged in connection with the operation of Silk Road, the online black market bazaar for drugs, hacker tools and other illicit goods.
The biggest Bitcoin exchange in China said Wednesday that it's no longer accepting yuan deposits, dealing another setback to the virtual currency.
The cryptocurrency Bitcoin has been in the news lately with a sudden surge in value followed by a spectacular crash – not to mention the unfortunate tale of US$4 million in bitcoin on a hard drive that was accidentally ...
A casino owner-turned-commercial developer is asking $7.85 million to sell a Las Vegas home, and he's willing to accept the online currency bitcoin for the deal.
Donald Duhaney brought a wallet full of cash to a Whole Foods in Manhattan's trendy Lower East Side one recent evening. But he wasn't in search of kale, quinoa or cage-free eggs.