Author Topic: German finance ministry recognises Bitcoin as currency  (Read 2998 times)

Moonraker

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German finance ministry recognises Bitcoin as currency
« on: August 18, 2013, 09:02:26 am »
German finance ministry recognises Bitcoin as currency
 

Patrick

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Re: German finance ministry recognises Bitcoin as currency
« Reply #1 on: August 19, 2013, 02:05:59 pm »
I've always thought governments would build their own e-currency, but I guess that defeats the whole purpose of having something that is untraceable and uncontrolled. The fact that it is still not backed by anything of real value is the hurdle they need to jump. What's needed is some way to tie a virtual currency to something real. Perhaps take a bitcoin idea and and somehow assign a value in relation to the world stock market index?

Moneypenny

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Re: German finance ministry recognises Bitcoin as currency
« Reply #2 on: November 09, 2015, 08:35:40 am »
Bitcoin Surges, Emerging From a Lull in Interest

By NATHANIEL POPPER – NY Times
NOV. 4, 2015

After a long period of quiet, the price of the virtual currency Bitcoin is surging again as signs of interest from China and Wall Street have helped kick off a new speculative frenzy.

The price of a single Bitcoin has been steadily rising in recent weeks. On Wednesday, it spiked particularly sharply, rising above $500 on some exchanges, and bringing the value of a single coin up over 100 percent from a month ago. By the end of Wednesday, the price had fallen back closer to $400.

The recent rally has been the biggest since the online currency entered a sustained decline after the collapse of what was once the biggest Bitcoin exchange, Mt. Gox, in early 2014. That incident — and the use of Bitcoin for drug sales — led many people to write off the virtual money as a passing fad.

Full article:
http://www.nytimes.com/2015/11/05/business/dealbook/value-of-bitcoin-surges-emerging-from-a-lull-in-interest.html?_r=0