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The Bitcoin digital currency world is abuzz with activity these days. Several high-profile events have taken place recently, and more are on the horizon. Here’s a rundown of what’s been going on: the bitcoin conference took place in San Francisco last week, and it was a resounding success. Some of the biggest names in the industry were in attendance, and there was a great deal of interest from both investors and businesses looking to get involved with Bitcoin. Meanwhile, on the development front, work is progressing smoothly on several important projects.
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency. There are many online exchanges where you can buy and sell Bitcoin for other currencies (such as dollars or euros). The most popular exchange in the US is Coinbase; in Europe, Kraken is a good option.