What is coin made of
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.
Future in question
Bitcoin worth $9M buried in garbage dump
Hoarders everywhere may be feeling smug after a British man threw a hard drive containing more than $9 million in bitcoin into the trash.
Bitcoin worth almost as much as gold
Bitcoin prices have surged to a high of $1,242. That makes the virtual currency only slightly less expensive than an ounce of gold.
Senate takes a close look at Bitcoin
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