Bitcoin keeps surging, makes another new high for 2015

A beer poured for a customer sits on a bar next to a Bitcoin sign in central Sydney, Australia, September 29, 2015. REUTERS/David GrayThomson ReutersA sign welcomes consumers paying in bitcoin.

2015 may be the year that bitcoin rebounded. 

The digital currency smashed through a new high for the year on Monday morning, trading at nearly $370 and continuing its impressive streak as of late. 

Bitcoin has been on a big run for much of the last two months, gaining about 70% on private exchanges since hitting a second-half low of $213 in late August. 

For investors who bought in during bitcoin’s headiest days to date, in early 2014, that’s not enough of a rebound: before the price of the digital currency plummeted in 2014, it reached more than $1100 a bitcoin. 

Now, after bitcoin’s big seven-week run, it is trading at around $363 a coin. 

Even as detractors to bitcoin point toward a difficult-to-regulate culture that has popped up around the cryptocurrency, there is a growing push from well-known investors to advance the payment technology. 

In October, investors including MasterCard and Bain Capital Ventures provided backing to Barry Silbert’s Digital Currency Group. Already, Silbert’s latest project has backed dozens of

Read more ... source: TheBitcoinNews