It’s fair to say that these past few years have been a baptism of fire for Bitcoin, the world’s first and most popular cryptocurrency. In February 2014, MtGox, which was the largest Bitcoin currency exchange, folded after $460 million worth of Bitcoin was stolen, probably by its founder Mark Karpeles, who has since been arrested for embezzlement. Later that year, it was reported that Bitcoin had performed worse than the Russian ruble, which itself had lost 50% of its value that year as a result of international sanctions. Its value weakened further as governments clamped down on “dark web” marketplaces. But...
Read the full article: What Are Bitcoins Actually Used For Now in 2016?
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