06 Nov '13, 8pm

Bitcoin Climbs to Record on Wider Acceptance, China Trade

Bitcoin Climbs to Record on Wider Acceptance, China Trade

Bitcoin’s price hit a record at $265 on the BitStamp online exchange, driven by wider acceptance of the virtual currency. The digital money, which can be used to pay for goods and services on the Internet, has risen 20-fold so far this year, as trading activity has increased. Bitcoins were trading at $251.36 apiece at 6:30 p.m. in New York on BitStamp, one of the more active Web-based exchanges where Bitcoins are traded for dollars, euros and other currencies. The rally comes a month after the closing of the “Silk Road Hidden Website,” where people could obtain drugs, guns and other illicit goods using Bitcoins. The virtual currency lost a third of its value in the days after the website was shut down. Bitcoins are becoming increasingly popular, particularly in China, said Ugo Egbunike , director of business development at IndexUniverse, an index-fund researcher. “I though...

Full article: http://www.bloomberg.com/news/2013-11-06/bitcoin-climbs-t...

Tweets

Bitcoin price reaches a record high for the first time since April

Bitcoin price reaches a record high for the fir...

washingtonpost.com 06 Nov '13, 5am

Price of bitcoin on Mt. Gox. (Bitcoincharts.com ) The price of bitcoins rose to $267.40 on Tuesday, setting a new all-time...

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money.cnn.com 12 Nov '13, 12pm

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Bitcoin

money.cnn.com 12 Nov '13, 2pm

China fuels Bitcoin surge to record high By Ben Rooney @CNNMoneyInvest November 12, 2013: 7:48 AM ET Bitcoin prices have s...

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