
“The currency, used to buy and sell everything from electronics to illegal drugs on the Web, has surged to about $135, more than 10 times its value a year ago. The rally has created a cottage industry of speculators eager to get their hands on Bitcoins. That has in turn boosted a market for high-powered machines, some costing more than $20,000 apiece, which are custom-made to unlock new Bitcoins in a process called mining, a nod to the excavation of minerals and metal ore. Beyond investing in the currency, the speculation has extended to equipment manufacturers targeting Bitcoin miners and automated teller-like machines for cashing in or exchanging the currency.”
Related posts:
Airport security accidentally fires flight attendant’s gun at Philadelphia airport
Bitcoin trading launches on Nasdaq Stockholm exchange
Local credit union tries on being banker to the pot industry
Big jump in number of millennials living with parents reported
JPMorgan: China's Potential Capital Outflows 'Practically Boundless'
Britain's Co-operative Bank faces nationalisation if junior bondholders reject 'haircut'
Unidentified detainee mysteriously dies at Guantanamo Bay
Human rights group demands halt to live ammo use in Egypt
Undercover cops secretly use smartphones, face recognition to spy on crowds
Wary eyes shift to the skies as unmanned aircraft are tested in Oklahoma
Uber ruling may reverberate through Silicon Valley
New York ‘soccer mom’ accused of $3 million marijuana operation
Obama in crossfire as battle for control of the Fed heats up
Married Tulsa police officers arrested in fatal shooting of unarmed man
Puerto Rico Boxing Legend Blew $63 Million On Gov't Bonds