Convenient and anonymous, alluring and alarming, Bitcoin and other 'cryptocurrencies' come under closer scrutiny. As officialdom tries to figure out if greater oversight is needed, their use is multiplying.
It can be difficult to grasp the concept of Bitcoin and other 'cryptocurrencies.' Trust us, it's a challenge to explain it clearly, too. Here's a primer on what Bitcoin is and how it works.
'Selfie,' which was chosen for inclusion in the online version of the Oxford English Dictionary this summer, was selected by the dictionary's publishers as the 2013 word of the year. 'Selfie' is a photo of a person snapped by themselves, usually using a cell phone.
Federal authorities have shut down Silk Road, one of the largest websites for drug trafficking and other criminal activities. The site existed under layers of secrecy and used electronic currency.
The legal woes of the most famous bitcoin exchange may illustrate a fundamental problem with the bitcoin market.