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Marketplace Tech for Friday, December 20, 2013
Dec 20, 2013

Marketplace Tech for Friday, December 20, 2013

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Bitcoin has had a wild week, in no small part because the huge road block the currency hit in China. There the exchange is called BTC China. In recent months the price of Bitcoin has skyrocketed thanks to people buying it up in the country, where the national currency is tightly controlled, but a few days ago the Chinese government put on the breaks, forcing the exchange to stop accepting Chinese currency. That cut the price of Bitcoin in half, but there's still plenty of interest in the country. 

Segments From this episode

Amid a turbulent week, a peek inside the world's busiest Bitcoin exchange

Dec 20, 2013
The global price of the digital currency Bitcoin went on a roller coaster ride this week when the world’s biggest Bitcoin exchange was forced by China’s government to stop accepting deposits. Up to now, the exchange, BTC China, was the trading epicenter for the Bitcoin economy.

Now with 50 percent less Bitcoin: This week's Silicon Tally

Dec 20, 2013
$9600, 1 billion and 80 percent. What do these numbers mean? Take the quiz and find out!

More bad news from BlackBerry

Dec 20, 2013
BlackBerry has reported a $4.4 billion loss in its third quarter earnings report.

Bitcoin has had a wild week, in no small part because the huge road block the currency hit in China. There the exchange is called BTC China. In recent months the price of Bitcoin has skyrocketed thanks to people buying it up in the country, where the national currency is tightly controlled, but a few days ago the Chinese government put on the breaks, forcing the exchange to stop accepting Chinese currency. That cut the price of Bitcoin in half, but there’s still plenty of interest in the country. 

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