Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Bitcoin back above $1,000 on gaming boost

Bitcoin back above $1,000 on gaming boost

The value of Bitcoin is back above the $1,000 mark after a gaming firm said it would accept the virtual currency as a form of payment.

In a statement posted on website Reddit, Zynga said it is working with bitcoin payment company BitPay to accept the currency on a handful of its games including Farmville 2 and CastleVille.

The news comes after Android-based video games console-maker Ouya accepted bitcoin payments for its hardware last month.

Bitcoin, which peaked at $1,250 on 18 December has undergone severe volatility over the last month with it value more than halving at one point after China’s biggest trading platform, BTC China, put a block on the currency.

It now trades close to $1,030 on the MTGox exchange.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter