Bitcoin: Where does it come from?

Updated May 27, 2014 Bitcoin is a peer-to-peer currency that its founders released in 2008, but because of its young lifespan, the virtual currency is extremely volatile. Sometimes valued at 200 USD and other times at 400 USD, how could the everyday consumer get a Bitcoin without spending three or more digits? Mining. Mining? Yes, … Continue reading »


Bitcoin, what is it?

Welcome to the MFC series on Bitcoin! Over the next few weeks, we will look into how Bitcoin is used, created, and traded. And see if the benefits of using Bitcoin outweigh the risks. Looking to purchase items online, but want to stay anonymous? Try Bitcoin. Interested in sending money to a friend, but don’t … Continue reading »

Bitcoin / In the Headlines

Bitcoin is once again making front page news. But this time for being used in Money Laundering.

The CEO Charlie Shrem of BitInstanst bitcoin exchange and underground bitcoin exchanger Robert Faielle have been charged with Money Laundering, according to NPR. It is a rare chance for the field of anti money laundering to make headlines, yet it is not a surprise. After months of controversy surrounding the new, and untraceable currency called … Continue reading »