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
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