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Bitcoin Hits $400 Ahead of Senate Hearing On Virtual Currency

An anonymous reader writes "The value of bitcoin has surged through the $400 barrier for the first time, as unprecedented growth sees the virtual currency's value quadruple in just three months. Meanwhile, on 18 November, a Senate subcommittee is scheduled to hold a hearing on virtual currencies like bitcoin and its lesser-known competitors litecoin and altcoin. The hearing comes after a unit of the Treasury Department earlier this year issued guidelines stating virtual currencies should be subject to the same anti-money-laundering laws as traditional currency-transfer businesses like Western Union."

3 of 276 comments (clear)

  1. Posting by c00rdb · · Score: 2, Funny

    Posting to undo accidental mod

  2. Alternate Slashdot by DrYak · · Score: 4, Funny

    and then bought some MDMA via Sheep Marketplace for a trip to Vegas.

    Announcement from your friendly NSA :

    We would like to inform you, that the following keywords: "MDMA", "Sheep Marketplace", "trip" and "hearings" (*)
    have triggered our system to send you to our "fake slahsdot".

    A javascript exploit has been injected into you browser to help track you down and burst your door,
    but we wanted to inform you that we detected that the chinese were already in your computer trying to steal your private keys.

    (*): Don't ask.

    --
    "Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
  3. Re:Some brief points by shutdown+-p+now · · Score: 3, Funny

    Why else would they be calling meeting about it in congress?

    Because "somebody needs to do something!!!!1!!11"