Bitcoin Sees Sharp Upside
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Bitcoin is seeing wild volatility again Monday as investors in the virtual currency continue to weigh last week's Mt Gox bankruptcy versus wider merchant acceptance and newer technology. Bitcoin last traded at $668, up 17.2% in the last 12 hours. It is off the highs of $710 and well off the lows of $566.
In the news today, the U.K.'s HM Revenue & Customs said it won't charge a 20 percent VAT on trades or margins, a boon for entrepreneurs in the expanding Bitcoin market. Separately, Warren Buffett was critical of Bitcoin saying it is not a currency.
In the news today, the U.K.'s HM Revenue & Customs said it won't charge a 20 percent VAT on trades or margins, a boon for entrepreneurs in the expanding Bitcoin market. Separately, Warren Buffett was critical of Bitcoin saying it is not a currency.
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