5th largest website, Baidu, to accept Bitcoin for payments

10/16/2013 - 00:00

When Silk Road shut down, a major marketplace for Bitcoin went poof. The feds have said that over 9.5 million Bitcoins changed hands there during the drug bazaar’s two-year lifespan. While the price of Bitcoin took an immediate dive on the news, falling 11% or so, it quickly recovered and is now at a healthy $156 USD/Bitcoin, a six-month high.