Latest Bitcoin Gambling News: Central Banks Warn Of Bitcoin Risks

Central bankers and regulators around the world are ratcheting up warnings about bitcoin, as prices of the virtual currency soar, more merchants accept it for payment and investors pour money into new bitcoin-related ventures. Bitcoin is created through a complicated computing process called mining. Once mined, the coins can be used for purchases or traded on unregulated Internet exchanges based on ports around the world. The price of one bitcoin has surged this year from less than $20 in January to more than $1,100 now, based on the CoinDesk index of three popular exchanges. But the ride has been bumpy as what experts and strategist thinks Bitcoin will not be used only to Bitcoin Casino but it can be an asset in the near future.