Cooling Off Bitcoin; More Mortgage Settlements

12/13/13

Receiving Wide Coverage ... Efforts to Cool Bitcoin Fever: The European Banking Authority, which has previously raised concerns with risks tied to virtual currencies such as Bicoin, issued a statement on Friday warning of the possibility of "violent fluctuations in electronic currencies" value and the danger of "digital wallets" being hacked. European authorities argue that consumers should be aware the industry is unregulated and will not be protected. The warning comes after the Bank of ChinaÂ...

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