The popular cryptocurrency has continued its trend of increasing in value since last year, now reaching a first-time high of $2,000 per coin, and bringing its total market cap to $32.92 billion.
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The bitcoin cryptocurrency has reached a new high of $1,700. Several analysts have remained optimistic saying that even if a correction hits the price the overall trend is an upward one.
Bitcoin has reached a 20-month high over the weekend. The crypto-currency broke through the $500 barrier raising speculation that the digital currency could spike in price, as it did in 2013.
The US is going to sell its hoard of nearly 30,000 Bitcoins accumulated from the FBI's closure of the Silk Road last year in blocks of 3,000 BTC in an online public auction on June 27th.
eBay CEO John Donahoe has suggested that the growing digital crypto-currency Bitcoin could be offered as a new currency option for PayPal balances in the foreseeable future.
Security companies have discovered malicious apps which discretely turn Android phones into inefficient crypto-currency miners. The Play Store apps allowed a criminal to mine thousands of Dogecoins.
Bitcoin exchanges may be forced to adopt 'know-your-customer' strategies and other rules currently imposed on banks under new plans to regulate the Bitcoin industry by the end of this year.
On 24th March every registered legal citizen of Iceland will be able to claim a handful of Auroracoins for free, a virtual crypto-currency similar to and based on the ever-popular Bitcoin.
Ongoing technical issues this morning on the MtGox Bitcoin exchange servers have caused the value of the digital crypto-currency to plunge by an additional 20% on top of last Friday's dramatic fall.
