One Bitcoin Now Worth More Than $1K

Your News Companion by Ben Mathis-Lilley
Nov. 27 2013 7:11 PM

One Bitcoin Now Worth More Than $1K

186215815
A man uses the world's first Bitcoin ATM in Vancouver.

Photo by David Ryder/Getty Images

The value of Bitcoin hasn’t always been so positive, but of late its value has surged topping $1,000 for the first time in its existence on Wednesday. The crypto-currency reached its new high as it “becomes easier to use as a way to pay and easier to access for investors looking for an alternative to gold,” USA Today reports. Confidence in the volatile currency was also boosted, according to the BBC, following a Senate committee hearing this month, after which the committee referred to virtual currencies as a “legitimate financial service.”

While Bitcoin’s rise is good news for those who hold them, it will surely evoke mixed feelings for James Howells. The Welsh man told the Guardian that in 2009, when Bitcoins were worth nearly nothing, he created 7,500, but mistakenly threw out the hard drive that contained the wallet, which, at the moment, would be worth some $7.5 million.

Elliot Hannon is a writer in Washington, D.C. Follow him on Twitter.

TODAY IN SLATE

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Politics

Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

Trending News Channel
Sept. 19 2014 1:11 PM Watch Flashes of Lightning Created in a Lab  
  News & Politics
Weigel
Sept. 20 2014 11:13 AM -30-
  Business
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
  Life
Quora
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
  Arts
Behold
Sept. 21 2014 11:00 AM Sometimes You Just Need to Print Your Photos the Old-Fashioned Way 
  Technology
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Bad Astronomy
Sept. 21 2014 8:00 AM An Astronaut’s Guided Video Tour of Earth
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.