Page 5 - Bit Coins News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Be careful on those rhode island beaches. that's where the blast came from. this is why i don't go to the beach. see what else we have here. for ransom bit coin replaces the bag of bills. hackers are increasingly demanding payment in bit coin instead of cash. bit coins can be held in a digital wallet that doesn't have to be registered to any government and easily exchanged for money. single bit coin can be bought on the street easily. >> as high as $1,300 and back now at $290. >> bad investment it sounds like. >> they've lost big money on theby coin. >> absolutely. governments do not like givi...

Taking down the online marketplace for illegal drugs, it's called silk roads. these agents are charged with stealing from the site. former dea agency and shawn bridges have been charged with money laundering and fraud and theft. ross ol brekt was convicted in february the dea agent extorted bit coins. here's a preview where you're going to hear from ol brekt's mom. >> it's hard on the family it really is especially when you love that person so much and believe in them so much and you have a daunting goliath of an opponent. it's kind of like a death, that can't be true oh, yeah it's true. he's ...

Who is this guy and a lot of people trying to understand bit coins. >> it's complicated. it's digital money that's traded over the internet like other currencies are around the world. but this is purely regulated by the internet and it's object cure but it is worth billions of dollars. the man behind it is also been a bit after secret. no one has ever met him. only communicated by email. the man you see on the screen according to "newsweek" is that guy. he turns out to be leg with his mom in los angeles. in an attempt to flee the media. he came out of the house and says the first journalist wh...

>> the main reason i'm here is to clear my name that i have nothing to do with bit coin. nothing to do with developing. i was just an engineer doing something else. >> reporter: but the thing is in the rest of the interview he contradicts himself and issues further rebuttals. and so it looks like it is him, he's just a bit embarrassed that he's being unmasked. bill: this is online currency and potentially some strange happenings involved with bit coins. tell us about that. >> reporter: they have a bit of a murky reputation. a week ago we saw a suspicious death in singapore of a u.s.ceo of an e...

Bitcoin for a week, i had like 0.6 left and i forgot to cash it out so i left it in coin base. and it's still there. i think it went up and might be worth quite a lot if i never sold it. but i think when i do sell it, there might be tax issues. >> krystal helped me understand. i feel like bit koip oig is better than the other cycle post. but -- >> one man was able to create a currency and make profit out of that. i want to get your take on senator manchin on banning this. what is your reaction to that? does it have real merit or is he making a mount continue out ofa mole hill? >> the fed doesn...