The value of a single Bitcoin surpassed $1,000 on popular Bitcoin exchange Mt. Gox today. A year ago, it was worth $10.
Bitcoin prices have exploded over the past week, and just in time: Federal agencies are gearing up to defend the digital currency’s legitimacy in a Senate hearing today.
Editor’s Pick Want a coffee? Now you can pay in Bitcoin.
The world’s first Bitcoin ATM is opening up for business this morning at a coffee shop in Vancouver, Canada. You can now buy, sell, and trade Bitcoin at a real, physical machine, depositing cash and checks for Bitcoin.
Bitcoin, the semi-anonymous digital currency, has weathered plenty of criticism and controversy over the years, but today it faces its biggest challenge: the FBI takedown of its largest market, the underground site Silk Road.
“Robocoin is a bitcoin ATM machine,” he told me today. “We make Bitcoin grandma friendly, so anyone can go and buy and sell Bitcoin.”
Here’s our roundup of the week’s tech business news. First, the most popular stories published by VentureBeat in the last seven days: