>> BitCoin is all anybody can talk about these days, but on Thursday the conversation was nothing but grim. The digital currency nosediving, giving up more than one-fifth of it's value just 24 hours after topping out at another record above $11,000. A simple outage at BitCoin Exchanges powerful enough to knock the wind out of the notoriously volatile asset.
Thursday's stampede away from BitCoin may be a signal of how quick novice BitCoin buyers are willing to bail at the first sign of trouble. BitCoin's 900% surge this year has cast a spell on mom and pop investors the world over who are looking to get a piece of the action.
Interest is so high that google searches for BitCoin recently surpassed Trump for the first time, data from the search engine showed. BitCoin is not without a growing list of detractors, the latest, Randal Quarles, the Federal Reserve's top regulation watchdog, warning Thursday that if adopted widely, BitCoin and other digital currencies pose quote more serious financial stability issues, and urged the world's banks to be cautious before jumping on the bandwagon.
The warning, also to his colleagues at the Fed who are exploring the merits of issuing a digital currency.