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Bitcoin Files for Bankruptcy
World Economy

Bitcoin Files for Bankruptcy

The World Bitcoin Association, which was founded in Zurich, Switzerland, had filed for bankruptcy protection in New York. In a filing Monday in US Bankruptcy Court in Manhattan, the World Bitcoin Association, which was founded in January 10, 2014, listed less than $300,000 in liabilities, Bloomberg reported. On its website, the association said it intends unite non-profit organizations around the world and spread the adoption of Bitcoin and other crypto currencies. Bitcon’s value hit the highest at $1,200 late in 2013 but has now fallen to less than $400.

 

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