Major bitcoin trading exchange Mt. Gox has gone offline with little warning or information, leaving those with money in the exchange wondering if they’ll ever get their bitcoins back. The volatility at Mt. Gox has shaken the Bitcoin community, with some of the leading Bitcoin companies scrambling to restore faith and integrity in the cryptocurrency
Here is what’s going on with Bitcoin, from Mt. Gox to Winkdex to bitcoin ATMs.
A leading backer of bitcoins has been arrested and accused of exchanging the currency to facilitate illegal drug buys on the online markeplace Silk Road.
The alternative currency is getting strong support from an unlikely place.
The online retailer is accepting Bitcoin for payments using Coinbase.
Bitcoin’s popularity in searches shows that interest in the cryptocurrency is rising.
Price swings make trading in bitcoins a speculation, not an investment or a store of value.
More consumers are using virtual currency, which could spell trouble for the banking industry.