Virtual-Currency Craze Spawns Bitcoin Wannabes

“A ‘cryptocurrency’ craze has spawned more than 80 entrants, from peercoin and namecoin, to worldcoin and hobonickels. In October and November alone, developers launched gridcoin, fireflycoin and zeuscoin. Bbqcoin has enjoyed a renaissance after a false start in 2012. Litecoin, launched in 2011, has turned into the strongest bitcoin alternative.  Many of the new coins trade on exchanges such as Cryptsy, of Delray Beach, Fla., a unit of Project Investors Inc., and BTC-e.com. Cryptsy founder Paul Vernon said his exchange has handled as many as 33,000 trades in a day from enthusiasts such as Mr. Thomas.”

http://online.wsj.com/news/articles/SB10001424052702304607104579210051252568362

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