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Bitcoin unit prices rise above $1,000

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…

New York regulators launch investigation of BitCoin

A New York regulator Monday announced a probe into virtual currencies like Bitcoin, saying they could be used by drug traffickers and gun runners and threaten US national security. As part of the probe, according to a person familiar with the matter, the New York Department of Financial Services has…

NY regulator issues subpoenas to firms tied to Bitcoin: WSJ

(Reuters) – New York’s top banking regulator has issued subpoenas to several companies associated with Bitcoin as part of an inquiry into business practices of the virtual currency industry, the Wall Street Journal reported, citing people familiar with the matter. The subpoenas issued by the New York Department of Financial…

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