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https://www.youtube.com/watch?v=b0Sc8jpiv3QBloomberg's Sara Eisen and Economics Editor Michael McKee debate the intrinsic value of Bitcoin as the virtual currency has seen its value plunge due to increased interest. They speak on Bloomberg Television's "In The Loop." Emphasis mine, good to see the main finance network is still on top of his game.
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http://www.zerohedge.com/news/2013-04-10/bitcrash-continues-down-40-and-dumpingTime to rename it BitCrash... or will it stage an amazing recovery? Alas, for this particular bubble, there are no NYSE circuit breakers nor is there a Federal Reserve-mandated "plunge protection team." And why should there be? The central banks hate all currency alternatives. Firehats: on, especially since the volume is still relatively lite.
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Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high. http://www.cnbc.com/id/100615508Nice piece of FUD (amazing choice of title). Good to see that CNBC stays dumb.
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http://www.guardian.co.uk/world/2013/mar/22/silk-road-online-drug-marketplaceSilk Road: the online drug marketplace that officials seem powerless to stop
Authorities around the world know about the website, but closing it is another matter – partly because it uses Bitcoins Front page of their website And actually a good article. Gov can't do shit, you can buy quality, you are more secure. Includes the video with Amir Taaki
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http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html?mod=WSJ_hp_LEFTWhatsNewsCollectionOne of the fastest-growing alternative cash products is Bitcoin, an online currency launched in 2009 that isn't backed by a central bank or controlled by a central administrator. Currency units, known as "bitcoins" and consisting of a series of numbers, are created automatically on a set schedule and traded anonymously between digital addresses or "wallets." Certain exchange firms buy or sell bitcoins for legal tender at a rate that fluctuates with the market. Seems like a good piece, informative, documented, balanced.
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