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(Update: Cryto-Currency Bubble Continues: Litecoin Surpasses Billion Dollar Market Capitalization) With Bitcoin passing $1000 this morning (it has since dropped), the halo effect of the rising the cypto-currency bubble has had a dramatic effect on many of the other virtual currencies.

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First descriptions of a functional Cryptocurrency appeared around 1998, and were written by a person named Wei Dai. They described an anonymous digital currency titled "b-money."

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A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.

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Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around ...

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