Bitcoin sputters as adoption stalls


  • TECH
  • Friday, 12 Dec 2014

LESS GLITTER: Bitcoin is losing its shine.

NEW YORK: After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled.

Figures obtained by Reuters show that while "wallets" - cyberspeak for accounts - are being created at a steady clip, many of them are empty. Analysts also provided Reuters with data that shows liquidity in the cryptocurrency remains limited.

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