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First They decided to get rid of pennies, no the Canadian Mint looks to completely digital currency.

More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren't circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found.

More than three-quarters of the digital coins in the Bitcoin digital currency scheme aren't circulating because they remain dormant in user accounts that have never participated in outgoing transactions, a recently published study has found.

Lawmakers want DEA to crack down on digital currency claims companies such as Bitcoin are funding illegal drugs.

Users and fans of the open-source, digital currency Bitcoin should feel a little less secure today, after leaders of the Bitcoin project confirmed to a British newspaper they have no way to confirm a user's claim that almost $500,000 worth of the digital currency disappeared from his hard drive overnight.

Bitcoin sounds like something from science fiction: A purely digital currency, created by an anonymous hacker, that operates outside the world's traditional banking systems. The four-year-old currency is very real, though, and it's trading an all-time high, tripling in value in the last two months alone. One bitcoin is was worth about $40 U.S. dollars on Tuesday, and surged on Wednesday to nearly $49. That's up from around $13 in January, and 5 cents in 2010, according to Mt. Gox, the bitcoin market's main exchange.

What is the bitcoin backed by? As in gold itself is backed by itself and works GREAT but once again doesn't happen instantly like digital transactions and those wanting them need/want.I guess since most who would be interested in bitcoins are also aware of the current economy, where our government ( and others ) are trying to take us AND if they succeed I don't see the point in a digital currency but rather something that can be locally traded like shire silver or other "physical" goods.

OKCupid announced on Tuesday via Coinbase, a "bitcoin wallet" where people can buy and sell the digital currency, that it would begin taking payments in Bitcoin for its "A-List" features.

The site joins dozens of other sites, including WordPress and Reddit, in accepting the digital currency.

The last time we wrote about Bitcoin, in October, the currency's future looked grim. A series of security incidents had created an avalanche of bad press, which in turn undermined public confidence in the currency. Its value fell by more than 90 percent against the dollar. We thought Bitcoin's value would continue to collapse, but so far that hasn't happened. Instead, after hitting a low of $2, it rose back above $3 in early December, and on Monday it rose above $4 for the first time in two months.