Agence France-PresseNovember 27, 2013 13:31
The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin.
Launched in 2009 as the invention of a mysterious computer guru who goes by the pseudonym Satoshi Nakamoto, bitcoins can be exchanged online for real money or used to buy goods and services on the Internet. The currency is not regulated by any government.
Bitcoin reached $1,073 at 1640 GMT. At 1746 GMT, the currency was trading at $1,055, according to Mt. Gox.