News, stories and events about currency from around the world.
Bitcoin, which started out at a value measured in fractions of a dollar back in 2009, saw its brightest days when it hit its highest valuations of more than $1100 in 2013. The shine on bitcoin has since tarnished as it dropped back to the current value of just $300 +/- (per bitcoinaverage as of the time of this writing). In this new world of digital currency, bitcoin has become a topic of conversation and interest that many, if not most people, are now familiar with.
Digital currencies had their start in 1981 with a paper authored by David Chaum. The paper, Untraceable Electronic Mail, Return Addresses, and Digital Pseudonyms set the foundation for developing digital currencies. In 1990, DigiCash debuted and introduced Chaumian digital cash to mankind. It lasted 8 years.