Bitcoin touched a fresh all-time high on Monday as the digital currency continued to gain favor with investors. The virtual currency rose to just under $619 on Mt. Gox exchange
Monday afternoon in Asia, up by over 25 percent from the same time on
Sunday.
Its latest gains come as the potential for regulation
hangs over the market. The U.S. Senate Committee on Homeland Security
and Governmental Affairs (HSGAC) is set to begin a hearing at 3.00 p.m.
Washington time on Monday. The event will bring representatives from
different federal agencies and representatives from the bitcoin
community to discuss virtual currencies.
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