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Bitcoin Tops $1,000 as Virtual Money Gains Popularity
The price of Bitcoin surpassed $1,000 on the Mt. Gox online exchange, fueled by speculators snapping up the virtual currency as it gains wider acceptance. Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,073 today, up more than 80
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Bitcoins Have Never Been More Valuable Than Right Now
NEW YORK, Nov 27 (Reuters) - The price of the digital currency bitcoin soared above $1,000 for the first time on Wednesday, extending a surge this month after a U.S. Senate hearing on virtual currencies. Bitcoin hit a high of $1,073 on Tokyo-based exchange Mt. Gox, the best-known operator of a
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The Magic Number: Bitcoin Prices Top $1,000
The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than a $10 bill. As of 7:25 a.m. Pacific time this morning, bitcoins were trading at $1,041 on Mt. Gox, the world’s most prominent bitcoin exchange, a place where you can swap
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KnCMiner sells $8 million worth of new 20nm Bitcoin mining hardware in 24 hours
A company by the name of KnCMiner claims to have sold $8 million worth of Bitcoin miners in just 24 hours last week. Each machine, called the Neptune, sells for $10,000 and is technically capable of mining up to 2.1 Bitcoins each day under optimal circumstances. At current trading rates,...
TechSpot
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Bank of America report: Bitcoin could become a 'major means of payment'
Bank of America issued the company’s first research report on virtual currency Bitcoin today with the conclusion being overwhelmingly positive. Analysts said Bitcoin has the potential to become a major means of payment for ecommerce and a serious competitor to traditional money transfer providers.
TechSpot
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Californian Lamborghini Dealership Begins Accepting Bitcoin
While the Chinese government wants nothing to do with Bitcoin, a Lamborghini dealership in Costa Mesa, California, has enough faith in the digital currency to begin accepting it as legal tender. That move would be impressive enough for a "regular" car dealer; for one that sells cars that average $200,000 USD, it's quite notable. The dealer,...
. China’s central bank warns financial institutions of Bitcoin risks
People’s Bank _also held a press conference today on Bitcoin, saying Bitcoin is certain virtual good but not legal tender.
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Bitcoin in China: The Fall-out From Chinese Government Banning Real World Use
Bitcoin’s value took a tumble this week after the People’s Bank of China issued an official statement about its stance on the digital coin, knocking the cryptocurrency’s value down into the $800s after lofty $1200 highs. China has been largely responsible for Bitcoin’s dramatic 500% rise in
. Top Tech Stories of 2013: Big Brother, Wearables, and the Struggles of Aging Tech Giants
Bitcoin and tech IPOs were also hot stories this year
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Man Buys $103K Tesla Model S With Bitcoin
Proving once again that Bitcoin is not just for illicit purchases (you can go to space with it too!), a man bought a Tesla Model S car with bitcoins. The purchase is reportedly the first Tesla, and possibly the first car ever, to be bought with the online currency. Lamborghini Newport Beach in
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