First U.S.-Based Bitcoin Exchange Goes Live
Known as Coinbase, the startup exchange debuted Monday morning, initially causing a spike in bitcoin’s value.By Danny Matteson | January 26, 2015
In just the latest sign bitcoin won’t be going away anytime soon, the first licensed, U.S.-based exchange for the cryptocurrency has now gone live.
Known as Coinbase, the startup exchange debuted Monday morning, initially causing a spike in bitcoin's value from about $250 each to more than $300 each, which could go a long way to cement the currency’s legitimacy. Previously, Bitcoin traders were forced to deal overseas, often with exchanges prone to security issues. (Video via International Business Times)
Most notably, Japan’s Mt. Gox exchange was forced to file bankruptcy in 2014 after nearly half a billion dollars worth of Bitcoin disappeared, presumably due to hacking or an inside job. (Video via BBC)