Top Bitcoin exchange explains virtual currency in simple web tutorial

Leading Bitcoin exchange Mt. Gox has released a new website that provides a simple explanation of what Bitcoin actually is. The site, Bitcoins.com, is essentially a tutorial on the virtual currency, which last week reached the $ 1,000 price point for the first time ever. Mt. Gox’s site walks users through the basics — what Bitcoin is, why people use it, and how it works — before leading into a step-by-step guide on how to get started. It’s certainly not a comprehensive rundown, but the site could prove useful for the uninitiated or those who struggle to understand the Bitcoin concept.

Mt. Gox also released a new one-time password (OTP) card this week, as part of an effort to strengthen the security of user accounts. The OTP card, a…

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