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Value of bitcoin rises to USD 17,000 a piece

What is Bitcoin? That is a question that many Kenyans are asking today given how fast its value has risen. It is a digital currency whose value was 1.75 million Shillings this morning, or 17,000 U.S. Dollars, but has since dropped to 1.49 million shillings. A lot of people are either rushing to invest in them or wondering if they should, but some analysts are calling it a get rich quick scheme whose bubble is likely to burst soon.

Here's Alex Mwangi with more details about the rationale...

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Related topics : bitcoin value today in usd / digital currency values

Bitcoin hits record price for a single unit

Bitcoin, the most popular virtual currency in the world has today hit a record 9,700 U.S. Dollars for a single unit.

That translates to one million Shillings for one Bitcoin.

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Related topics : bitcoin one million dollars / bitcoin one world currency / virtual currency bitcoin

Bitcoin hits new high as value now at $18,000 a piece

The price of one Bitcoin has surged yet again to cross the 18,000 U.S.-Dollar mark on the back of the launch of trading at the Chicago Board Options Exchange on Sunday evening.

The price of the digital currency rose sharply in the run-up to its debut at the CBOE futures exchange.

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Related topics : bitcoin digital currency price