Online exchanges that trade hard currency for Bitcoin reportedly have a 45 percent chance of failing - often taking their customers’ money with them. The above-mentioned claim is based on a new computer science study that applied survival analysis to examine the factors that prompt Bitcoin currency exchanges to close.
The value of Bitcoin surpassed $100 yesterday, on April Fools’ Day. The virtual, uncontrolled currency has gone from strength to strength in recent months but now it is starting to resemble a massive bubble.
The new web storage service Mega founded by the controversial Kim Dotcom (aka Kim Schmitz) has confirmed that it will now accept bitcoin, an online virtual currency already used by thousands.
The US's biggest BitCoin trading exchange, BitFloor, has been forced to temporarily shut up shop, after a virtual heist in which the equivalent of $250,000 was stolen.