The federal reserve should begin experimenting with a virtual currency. When was the last time you made a payment with dollar bills? Some people still prefer to use cash, perhaps because they like the tactile nature of physical currency or because it provides confidentiality in transactions.

Cash will soon be obsolete. Will America be ready?

Bitcoin slipped more than 3 per cent on Friday after Tesla boss Elon Musk fired off a tweet hinting at a breakup with the cryptocurrency, though it remains on course for its best weekly gain in about a month as it tries to recover from May's crash.

Musk tweet dents bitcoin, but weekly gain in prospect

The virtual currency fell to $6,190 for the first time since mid-November

Bitcoin drops below $6,200 for first time in three months

The notices will first seek the relevant financial details and then establish tax demand, if any

Income Tax to send notices to 4-5 lakh people trading in bitcoin

The virtual currency continues its stratospheric rise that has delighted investors but sparked fears of a bubble

Bubble or brave new world? Bitcoin breaks US $10,000 barrier

The initiative is being led by a small group of mostly China-based Bitcoin miners, who get paid in the currency for contributing computing power to the bitcoin network,?who are not happy with proposed improvements to the currency's technology

Bitcoin technology faces split, may create clone virtual currency

Bitcoin are 'virtual currency' with a string of codes generated by complex algorithms

Bitcoin does not have the fundamental attribute to be a currency- China central bank adviser

Aside from being an asset, Bitcoin has become a mode of payment for some retailers

Digital currency Bitcoin hits record high; now valued over $1700

Supply of Bitcoin is limited and it trades in cyberspace

Bitcoin becomes the best-performing currency of 2016

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