Tag Archives: Alternative Currency

Money in Cyberspace

One of the strangest investment vehicles ever designed is something called the Bitcoin, which is at once an exciting new technology for managing online transactions and an alternative currency to national currencies like the dollar, yen and euro.  Last week, people who owned bitcoins discovered that electronic “coins” worth $1,350 were suddenly worth just under $945.  Around the same time, U.S. regulators rejected an effort to create a bitcoin exchange-traded fund (ETF).

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