Bitcoin virtual currency breaks $1000 mark
The value of a single Bitcoin has surpassed $1,000 (£613) for the first time, according to Mt.Gox, the virtual currency's biggest exchange.
Bitcoin's value has been rising rapidly since a US Senate committee hearing earlier this month.
Confidence grew after the committee described virtual currencies as a 'legitimate financial service'.
Bitcoin has become popular in part due to it being difficult to trace transactions.
The currency is often linked to illegal activity online.
Customers using the Silk Road - a website selling illegal drugs that was shut down last month - would pay for goods using Bitcoin.
Many worried the crackdown would cause the value to plummet, but instead growing confidence that regulators will not imminently seek to ban the currency has seen its price soar.
Enthusiasts say it is a highly efficient way of handling global money transfers, as it is not controlled by a central bank.
More soon.
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