By Emily Flitter NEW YORK (Reuters) – The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by U.S. prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online drugs bazaar Silk Road. Charlie Shrem, who had financial backing from […]
The Bitcoin Foundation, the de facto trade group for the emerging virtual currency, is embarking on an international expansion. The announcement sounds like something out of a sci-fi novel, describing a sort of United Federation of Planets for the virtual currency, ready to protect, standardize, and promote the use of Bitcoin worldwide. The foundation has […]
Last week, when Bitcoin’s price hit a new high of $1,240, Bloomberg News compared it to a massive bubble. Then over the weekend, on the news that China’s central banks would be banning Bitcoin, the price fell nearly 50 percent down to $680 apiece.
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