Bitcoin has staged a dramatic comeback in the last two months, more than twice its value against the dollar at the time and is trading at record levels.
The virtual currency was trading above $ 32 per share today, after languishing in their teens to mid-January. The record was reached on the same day that Mt. Gox, the world’s largest Bitcoin exchange, agreed with CoinLab to manage operations in the U.S. stock market and Canada.
Bitcoin emerged in 2009 as a coin peer-to-peer intentionally avoided the prying eyes of the officials responsible for enforcing the law. To acquire Bitcoins, users access to sites transfer exchange real currency, as the U.S. dollar, the digital option.
However, after struggling to get into the U.S. market, the expected Japanese trade agreement with the startup based in Seattle, which has a partnership with Silicon Valley Bank and $ 500,000 in venture capital funds , increase customer confidence.
“There are two main difficulties Bitcoin exchange clients who have traditionally faced: banking problems to the underlying exchange, and security of their currencies,” wrote Peter CoinLab Vessenes CEO in a company blog post announcing the partnership. “Since we believe in Bitcoin, we would like to solve these problems.”
The currency has experienced a rollercoaster ride over the past two years, establishing its previous record of $ 31.90 in June 2011 before falling to $ 2 later that year. Its exchange rate began to improve in mid-November, when the popular WordPress blog platform announced it will begin accepting Bitcoin payments for improvements such as custom designs and presentations without advertising.