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Morning six-pack: What we're reading Friday

A man purchases some Bitcoin from a newly installed Bitcoin ATM at South Station February 20, 2014 in Boston, Massachusetts.
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A man purchases some Bitcoin from a newly installed Bitcoin ATM at South Station February 20, 2014 in Boston, Massachusetts.

Happy Friday. Here's something new: A big snowstorm is headed for the Northeast. Imagine that.

To the surprise of exactly no one following the story, the Mt.Gox bitcoin exchange has gone belly up. Cue the "questions surrounding bitcoin's future" cacophony. (Voice of America)

If, however, you're a little late to the digital currency story, here's an excellent summary and outlook piece showing that, despite the PR hit, bitcoin soldiers on. (SiliconANGLE)

One more take: Now that the Mt.Gox mess has hit its climax, we learn that "bitcoin's next generation of founders is cleaner, more pedigreed and suited to Wall Street's and Capitol Hill's tastes." (TechCrunch)

Elsewhere, Greek borrowing costs have fallen to a nearly four-year low, again rendering the austerity apocalypse meme as kind of silly. (Financial Times)

This is how Obamacare is like the Hotel California: You can drop out, but you can never leave. (The Weekly Standard)

And finally ... when it comes to the Federal Reserve this year, bad news may be no news, as rosy economic projections are unlikely to be changed, according to St. Louis central bank chief Jim Bullard. CNBC's Matthew J. Belvedere explains.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.