'Bitcoin bomb may blow up banks' bondage, hence US attacks' (VIDEO)

The cyber currency, Bitcoin, has suffered another setback - after US authorities seized the accounts of its major operator.

It now hampers the process of exchanging Bitcoins, which now stand at about 120 dollars per unit.

So why is the US Government so worried about the currency, and is the Bitcoin able to beat traditional currencies?

Amir Taaki, a Bitcoin software developer, says the digital currency gives you total control of your assets, as there are no middle men involved.

READ MORE: http://on.rt.com/wz0s7b