With all the spikes and subsequent crashes in Bitcoin's value over the last couple of days, it's hard to keep track of how the currency and all of its enthusiastic owners are doing.
The $11 million stake in Bitcoin revealed today by the Winklevoss twins does absolutely nothing for the flailing legitimacy of the controversial online currency — "growing pains," they say — but at least it proves to the world that they were in on this particular trend before Mark Zuckerberg could steal it from them.
After enjoying a week or so of increasing value, Bitcoin took a huge dive today, which explains why the "virtual currency" is not a currency at all, but more of a stock people have invested in to get rich.
It could probably have been predicted that a hyper-geeky, shockingly valuable new economic system would be all it took to compress the full cycle of internet awareness into one 24-hour period.
A tremendous thing happened in the weird world of bitcoin on Thursday. For the first time in the currency's history, the total value of all bitcoins in circulation topped $1 billion. That's right: A billion bucks, right out of thin air.
The occasionally frightening virtual currency, which doesn't tend to believe in government regulation, just got itself some.
Last night's Bitcoin heist of $250,000 (or so) worth of the virtual currency shows that this world isn't quite ready for an online alternative to dollar bills because the promises of deregulation aren't worth the safety hazards.
After a tumultuous summer for Bitcoin, the digital currency's value has not only stabilized but, over the last month, increased.
Satoshi Nakamoto founded the virtual currency, but nobody knows who that really is
The New York Times columnist ticks off an obscure online community
The currency's downward spiral continues as EEF, digital rights advocacy group, exits
$8.75 million of Bitcoin has gone missing after a major breach
Did a Trojan horse program steal $500,000 worth of Bitcoins?
But it's incredibly interesting
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