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Bitcoin: The digital currency that became a target for speculators

Whether you see Bitcoin as the future of finance or a reckless gamble, the digital currency has become headline news over the past year, even as its origins remain shrouded in mystery. Bitcoin began as a means of payment but quickly became a target for speculators. Faced with wildly fluctuating…

Reporters chase alleged Bitcoin creator around Los Angeles

By Aron Ranen and Brandon Lowrey TEMPLE CITY, California (Reuters) – A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters…

Bitcoin unit prices rise above $1,000

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin. Launched in 2009 as the invention of a mysterious computer guru who goes by the pseudonym Satoshi Nakamoto, bitcoins can be exchanged online for real money or…

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