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This Could Be The End Of The Line For Bitcoin

26
Feb
2014

This is why Bitcoin cant have nice things. The unregulated digital currency beloved by techies, libertarians and the Winklevoss twins is having a crisis moment that could end its hopes to ever be accepted as a legitimate currency. Its busiest online exchange, Tokyo-based Mt. Gox, has been frozen for days, amid rumors that hackers have stolen maybe $350 million worth of Bitcoin wealth. The price of one Bitcoin has collapsed to about $500 on a rival exchange, Slovenias BitStamp, down from about $1,100 last December, according to Bitcoin tracker Coinstackr. …

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