CyberSonday 3.5: All-time high for Bitcoin currency

All-time high for Bitcoin currency: 28 February 2013 Last updated at 15:13 GMT Bitcoins are kept in an online...

28 February 2013 Last updated at 15:13 GMT Bitcoins are kept in an online wallet and can be exchanged for any other currency the user chooses The value of virtual currency Bitcoin has reached an all-time high, trading at more than $33 (£22).Its appreciation - up from just $2 in November 2011 - has been attributed to increased trust in security efforts. The surge coincided with Japan-based MT Gox, Bitcoin's biggest exchange, announcing a tie-up with US firm CoinLab to bring its operations to the States. However, recent high-profile thefts continue to worry some investors. In September last year, 24,000 Bitcoins - which at the time were worth £157,800 - were stolen from another large exchange, Bitfloor. In June 2011, a huge instance of fraud led to a market crash, with the value of Bitcoins at one point plummeting to almost zero. But since then the currency has steadied some...

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