It's All About the Bitcoins

Despite Cyberattacks and Overspeculation, Bitcoin Economy Continues to Evolve

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Bitcoin has been trading at the depressed price of between $6 and $7 USD for the past few weeks, which seems bad for the once high-flying digital currency that had climbed to $33 USD at one point. Hardly a week has gone by without some extreme crisis. In addition, New Yorker finance columnist James Surowiecki, wrote a long treatment of Bitcoin for the MIT Technology Review in which he notes pessimistically that “the number of actual transactions conducted in bitcoins, and the value of those transactions, has been shrinking.” Read More