• DocumentCode
    50979
  • Title

    Finance - Bitcoin price crash finds new victims

  • Author

    Edwards, Chris

  • Volume
    10
  • Issue
    2
  • fYear
    2015
  • fDate
    Mar-15
  • Firstpage
    19
  • Lastpage
    19
  • Abstract
    MAKER OF bitcoin-mining hardware Cointerra has filed for bankruptcy in the US in the latest of a series of collapses and problems that have beset the ecosystem around the cryptocurrency. After the value of bitcoin peaked at $1,151 on the 4 December 2013, it had fallen ??? in a series of selling waves following the closure of the failed bitcoin exchange Mt Gox ??? to a little over $200 by mid-February this year. This, in turn, has hit the operations of bitcoin miners. Although miners collect transaction fees, their primary source of revenue lies in the bitcoins they collect when they successfully add a block to the ever-growing bitcoin blockchain that records every transaction involving the currency.
  • fLanguage
    English
  • Journal_Title
    Engineering & Technology
  • Publisher
    iet
  • ISSN
    1750-9637
  • Type

    jour

  • DOI
    10.1049/et.2015.0220
  • Filename
    7098603