The dollar value of a single Bitcoin is on the rise.
Mt. Gox, a popular exchange for Bitcoin traders, has seen the conversion rate on its service explode over the last several weeks. On Wednesday, Bitcoin trading surpassed the $1,000 mark on Mt. Gox, hitting a high of $1,073.
Bitcoin currency trading has become a popular enterprise. Consumers head to exchanges like Mt. Gox and others and give up a certain amount of their local currency for a single Bitcoin. Because Bitcoin is decentralized, conversion rates can vary between exchanges. Mt. Gox, for example, tends to offer a … Read more