(PhysOrg.com) -- A study of 'virtual' worlds to see how criminals use them to launder real money is underway at the University of the West of England.
The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin.
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.
Isabella Sweet doesn't wear a target on her chest. But kid marketers covet this 9-year-old as if she does. Perhaps it's because she's a techie.
Online exchanges that trade hard currency for the rapidly emerging cyber money known as Bitcoin have a 45 percent chance of failing—often taking their customers' money with them.
The European Union's banking watchdog on Friday issued a warning over virtual currency trading amid huge swings in the value of Bitcoin, a lack of regulation and money laundering risks.
Online retailer Overstock.com has installed a bitcoin ATM at its corporate headquarters in Salt Lake City.
The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday.
American Express on Tuesday began letting lovers of Zynga games plant money trees on "Farmville" acreage.