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Step by step the bitcoin users are trying to find the possibility to use this currency for traveling

BitPay, a Bitcoin payment processor based out of Atlanta, signed up its 10,000 merchant in September. That’s 10,000 businesses now able to accept Bitcoin.

Tim Worstall, from the Adam Smith Institute in London, writes on Forbes.com that Bitcoin is showing signs of bubble behavior.

The above statement is directed at whoever created the website Assassination Market, which accepts Bitcoins toward bounties on US officials.

Bitcoin traders were waiting to hear just the words Department of Justice representatives offered up.

After US authorities identified Bitcoin as a “legal means of exchange” before Congress, the currency hit a high water mark of $750 on the Mt. Gox exchange.

Charles Sizemore, owner and manager of client accounts at Sizemore Capital Management, writes on Forbes.com that the Senate’s accepting of Bitcoin’s legitimacy undercuts half of the currency’s appeal in the eyes of some in the community.

A spokesman for the Justice Department’s Criminal Division told a Senate subcommittee hearing that virtual currencies such as Bitcoin are vulnerable to organized crime.

Bitstamp had some trouble with its network and DDoS attacks last week, leading to users being unable to access the service for a while.

Daniel Cawrey at CoinDesk broke down a few arguments for why government regulation on some level would be a benefit to Bitcoin.

In a letter released a day before a Senate committee hearing on Bitcoin, the FBI recognized the digital currency as offering “legitimate financial services,” though it warned criminals and those with malicious intent could exploit the currency.

Danny Bradbury at CoinDesk reports an ominous tone from Washington.

Economics professor Karl Whelan, from University College Dublin, explores on Forbes.com how Bitcoins differ from dollars in terms of how users value the currencies.

Representatives from the Treasury, the DOJ and Homeland Security all told members of Congress that federal regulators need to watch Bitcoin more closely.

MatrixVision CEO Marco Crispini argues that self-regulation of the Bitcoin system is the necessary path into the mainstream.

Both the DOJ and the SEC have told a US Senate committee hearing that Bitcoin represents a legitimate financial instrument, delighting investors and speculators at the idea of wider acceptance from the mainstream.

Panos Mourdoukoutas, chair of LIU Post’s Department of Economics in New York, has taken a bearish stance on Bitcoin in an article published on Forbes.

Washington inadvertently gave a big boost to the very currency they are concerned with.

Continuing the series of publications about new services and vendors accepting bitcoins as payment currency a very specific retailer should be mentioned – a mobile truck offering grilled cheese in Seattle.

As Washington was discussing the nature of digital currencies, investors in China were busy closing a Series A round of venture funding for a Bitcoin exchange.

CoinDesk’s Danny Bradbury asks an important question in light of the US Senate Committee on Homeland Security and Governmental Affairs’ hearing on Bitcoin: Is all of this even necessary?

Answer by Erik Madsen, economic PhD student at the Stanford Graduate School of Business, on Quora.

Bitcoin and other digital currencies will get to make their voices heard before a Senate committee hearing November 18 in Washington.

With US Senate hearings set for November 18 and 19, a subcommittee has released answers into questions it submitted back in August regarding virtual currencies.

Despite the United States seeing much of the innovation and development of Bitcoin through 2012, it has not kept up in terms of trading volume.

First of all the FBI have closed Liberty Reserve, a Costa Rica-based centralized digital currency service. After this, the feds closed the Silk Road, an underground website of illegal drugs that accepted only BTC, and arrested the owner of Silk Road.

Law enforcement officials in the UK have put email users there on alert after a wave of spam containing malicious software went out.

Big based in Czech Republic bitcoin exchange Bitcash.cz was attacked by hackers and about 4,000 clients lost their bitcoins.

A new Federal Election Commission ruling might expand the list of what is possible to purchase with bitcoins with a juridical realm: buying politicians.

Today the new worldwide bitcoin exchange itBit informed about their official coming in the market and declared the fulfillment of the second tour of funding.