Justice Digital currency lawsuits: Bitcoin scrambles to boost consumer confidence

Digital currency lawsuits reveal weaknesses in a burgeoning industry with little regulatory oversight. Bitcoin is turning to third parties to reassure users that millions of dollars of value will not vanish without a trace.

By , Staff writer

Benoit Tessier/REUTERS

Digital currencies, such as bitcoin, are slowly gaining ground. At least one new version, called Stellar, launched this week, and a national Digital Currencies conference in New York was held Tuesday to explain virtual currency to bankers from around the nation.