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First the snaps

We can see new highs across categories. Bitcoin takes out the 1000 usd mark in mtgox beating its previous high of 900 USD. (China’s high is about 7k yuan). LTC has also broken a new high at 29.7 USD, as well as its china okcoin high at 170 compared to 154 yuan.

This push looks to be mainly from the west, as you don’t see the usual China spread far above the west side prices.

okcoin170yuanhigh btcchina5.9k btceltc29.7 high mtgox 1073 high

1000 USD breaker on mainstream news

Bloomberg

http://www.bloomberg.com/news/2013-11-27/bitcoin-surges-to-1-000-as-virtual-money-gains-wider-acceptance.html

The price of Bitcoin surpassed $1,000 on the Mt. Gox online exchange, fueled by speculators snapping up the virtual currency as it gains wider acceptance.

Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,044 today, up more than 80-fold from a year earlier. The currency has rallied on growing interest from investors in China and the U.S., while merchants are starting to accept Bitcoins for everything from Gummi bears to tuition fees.

Telegraph

http://www.telegraph.co.uk/finance/currency/10478697/Bitcoin-breaks-through-the-1000-barrier.html

Last week, the currency jumped in value after US senators heard that Bitcoin is “a legal means of exchange”.

“We all recognize that virtual currencies, in and of themselves, are not illegal,” Mythili Raman, acting assistant attorney general at the Justice Department’s criminal division, said at the hearing.

Last week, Sir Richard Branson said his Virgin Galactic space flight venture would become the latest place to accept Bitcoin as a valid form of payment.

 

(we’ve mentioned Richard branson and bitcoin here on this site before)

 

Zerohedge

http://www.zerohedge.com/news/2013-11-27/bitcoin-tops-1000

Well that escalated quickly. Having broken above $900 yesterday to new record highs (and a 100% gain in a week), the crypto currency is not looking back now. On what is higher than average volume this morning, Bitcoin just broke above the magic $1000 level for the first time (at $1025). Meanwhile, the BTC China “arb’d” rate is around $950 for those playing at home; and Litecoin has just topped $26 (from $4 a week ago!).

 

Bitcoin…

 

 

Litecoin…

And the most epic hard drive ever lost, unless Edward Snowden misplaces his:

http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site

Buried somewhere under four feet of mud and rubbish, in the Docksway landfill site near Newport, Wales, in a space about the size of a football pitch is a computer hard drive worth more than £4m.

It belonged to James Howells, who threw it out when he was clearing up his desk in mid-summer and discovered the part, rescued from a defunct Dell laptop. He found it in a drawer and put it in a bin.

And then last Friday he realised that it held a digital wallet with 7,500 Bitcoins created for almost nothing in 2009 – and then worth about the same.

A spokeswoman from Newport council emphasised that any treasure hunters turning up to the landfill site wouldn’t be allowed in, but “obviously, if it was easily retrieved, we’d return it.”

“I’m at the point where it’s either laugh about it or cry about it,” Howells says. “Why aren’t I out there with a shovel now? I think I’m just resigned to never being able to find it.”

That’s about 7.5 million USD.

Not a good day for him.

Maybe NSA will have a backup?

 

Previously, you can take a world tour on bitcoins or take it to space.

Want to read about the Bitcoin conference 2013?

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