Bitcoin value passes $1,000 for first time ever

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bitcoin-2.si.siBitcoin, the digital ‘crypto-currency’ has passed the $1,000 mark for the first time in history, marking a growth of some 4,000% since the beginning of the year. The milestone was recorded by Tokyo-based Mt Gox bitcoin exchange on Wednesday. The unregulated virtual currency’s popularity has been soaring in recent weeks, having doubled in just the past seven days. In just one day, November 18, the price leaped from $478 in the morning to $744 at midnight (GMT). This was the same day that US Senate Homeland Security & Governmental Affairs Committee held the currency’s first Congressional hearing entitled “Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies” to take a close look at existing virtual currencies, including bitcoin. Bitcoin temporarily exceeded the equivalent of $1,000 on the Chinese exchange, BTC China, on the 19th of November. However, this is the first time the $1,000 mark has been surpassed in a US…

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About Jesse Mathewson

Jesse Mathewson is the author of the popular blog, jessetalksback.com and provides commentary to many varied places based on a background that includes education in criminal justice, history, religion and even insurgency tactics and tactical training. His current role in his community is as an organizer of sorts and a preacher of community solidarity and agorism. He also runs Liberty Practical Training, a self defense school specializing in the practical applications of defensive approaches versus the theoretical. As an agorist, voluntaryist and atheist his life is seen as crazy and wild by many, though once they get to know him most realize he is a bluntly honest individual who will give you the shirt off his back if he believes it is necessary to help you. Very simple, "That which is voluntary between all individuals involved is always right, if it is not voluntary, it is always wrong."
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