Monday, May 22, 2017

Bitcoin hits record $2,000 -- and rising

SAN FRANCISCO — Bitcoin, sometimes frowned upon as a currency of the underworld, is fast gaining currency in the financial world.

The crypto-currency soared past $2,000 for the first time over the weekend as investors increasingly treat it as a new gold standard and countries such as Japan and China integrate it into their banking systems. On Monday, it traded 6% higher at $2,182.74, according to CoinDesk ....