Bitcoin

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Bitcoin is a cryptocurrency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system. (wikipedia) Through 2013 it has seen huge gains punctuated by high volatility.

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Hedge funds to start-ups, industry feels crypto pain

This time last year, bitcoin was cruising to $20,000. Fast forward 12 months, and bitcoin is trading around $3,300 while other cryptocurrencies have reversed course, weighing heavily on investor confidence and the industry.