22 Oct '13, 11pm

Bitcoin goes boom (again): currency cracks $200, gets Coinbase support on Reddit

Bitcoin, the virtual currency beloved by dreamers, speculators and criminals, is on a new upswing as the popular Mt. Gox exchange showed it trading slightly above $200 late Tuesday afternoon ET: As the chart shows, Bitcoin is trading on other exchanges at a price closer to $185 (trades on Tokyo-based Mt. Gox come at a premium, possibly due to its recent legal and regulatory troubles). But, by whatever metric you pick, Bitcoin is soaring — up over $60 this month alone. And the current price is up more than $150 from the low of $50 it hit after a spectacular crash in April. The gains are also notable because Bitcoin has weathered a series of wrenching shocks in the last six months: the FBI’s takedown of Silk Road (a criminal marketplace that relied on Bitcoin); the feds’ seizure of millions from Mt. Gox; an ugly lawsuit that blew up plans for a series of U.S.-based Mt. Gox f...

Full article: http://gigaom.com/2013/10/22/bitcoin-goes-boom-again-curr...

Tweets

Bitcoin breaks $200

coinbase.com 22 Oct '13, 5pm

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#Bitcoin pushes above $200 for second time ever

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thenextweb.com 23 Oct '13, 4am

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