Inside Bitcoin trading

By Staff | March 31, 2014 | Last updated on March 31, 2014
1 min read

Hackers who broke into the website of Mt. Gox—a failing and possibly fraudulent bitcoin exchange—have released a trove of data on the currency, reports Wired.

Read: Fast facts on Bitcoin

The hackers released the information with the hope it would help other web-based hunters locate hundreds of millions of dollars in bitcoin that vanished from the exchange earlier this year, Wired says. Two San Francisco friends have translated the numbers into illustrations—illuminating just how people have been using bitcoins.

Their work reveals that the exchange went from a casual trading post to a high-speed trading hub. Graphs show the patterns of a single trader, as well as glitches in the system, barons selling with big gains, and dueling trading bots.

See it all here, and read more here.

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The staff of have been covering news for financial advisors since 1998.