Bitcoin News of the Day: Glitch Causes Sell-off, Prices Drop 23 Percent

In the early hours of this morning, BitCoin's exchange rate dropped 23 percent (from the previous day's $48 per coin to $37 per coin) due to a glitch in the virtual currency's shared transaction register. As a result, merchants in the network were asked to stop processing transactions and the hardworking community of Bitcoin minershad to halt their operations. As of 5 p.m. EST, the glitch has been fixed and prices have climbed back up to $45.