by Matt Insley, Daily Reckoning.com:

I’m hoping you weren’t bitten by Bitcoin’s big announcement this morning.

In short, the cybercurrency darling Bitcoin had a MAJOR setback. We’ll cover some of the important details today — plus, we’ll take a look at a safer place to stock your money than the latest currency du jour.

According to CNN Money, “The Bitcoin trading website Mt. Gox was taken offline late Monday, putting at risk millions of dollars put there by investors who gambled on the digital currency.”

Read More @ DailyReckoning.com