22 Feb '13, 8pm

Bitcoin Trading at Record High

Bitcoin is back. The digital currency—which, unlike the cash in your wallet, is not issued by a central bank—has surged this year on bitcoin exchanges, hitting a new high today above $31. Bitcoin hasn’t traded at this level since June 2011, which is an ominous observation since that peak was followed by the currency’s collapse, precipitated by an enormous sell order from a hacked account. But it recovered throughout 2012 and has begun to seem more more like a legitimate alternative to currencies issued by sovereign nations. Traders at large investment banks, including Morgan Stanley and Goldman Sachs, are said to be active on bitcoin exchanges.

Full article: http://reason.com/24-7/2013/02/22/bitcoin-trading-at-reco...

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Bitcoin is trading at a record high

Bitcoin is trading at a record high

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Bitcoin

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28 February 2013 Last updated at 15:13 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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