02 Apr '13, 12am

Open-source currency Bitcoin is now worth more than $105

Open-source currency Bitcoin is now worth more than $105

The open-source digital currency has absolutely surged in the last month, racing past the US$100 mark overnight. (One BTC coins image by Zach Copley , CC BY-SA 2.0 ) Since its arrival back in 2009, digital currency Bitcoin has been chugging along. Many supposed it would go the way of many digital currencies before it, such as Beenz and Flooz , which failed ignominiously; or the Ripple and the Ven , which languish in relative obscurity. Nevertheless, it managed to remain in circulation, finally hitting an all-time high exchange rate at the end of February at US$33. Not even two weeks ago, it had reached US$65.05 ; and now, coming into April, it has more than tripled its rate of a month ago, skyrocketing to US$105 overnight. Blockchain graph of Bitcoin's rise over the last 12 months. (Screenshot by Michelle Starr/CNET Australia) It is estimated that there are around 11 milli...

Full article: http://www.cnet.com.au/bitcoin-hits-us105-339343819.htm

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