Bitcoin's Speedy Fall: EFF Halts Donation, WikiLeaks Cashes Out

By The Atlantic Wire

Faith in the virtual Bitcoin currency continues to drain following multiple heists and hacks of users' digital wallets. The latest bad news comes from the Electronic Frontier Foundation (EFF), a digital rights advocacy group, who stopped  accepting Bitcoin donations on Monday citing "complex legal issues" that they didn't want to get into. The move at first glance seems odd for the San Francisco-based nonprofit, which champions the preservation of anonymity on the web and has supported peer-to-peer networks like LimeWire in the past.

Heralded by some as the future of digital currency, Bitcoin dipped in value after hackers brought down Mt.Gov, the world's largest marketplace on Sunday--an indication that the experiment was in its death throes according to Forbes blogger Tim Worstall.

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http://www.theatlantic.com/technology/archive/2011/06/bitcoins-speedy-fall-eff-halts-donation-wikileaks-cashes-out/240776/