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.
Your Business: Cover Star Club

Profile: why GWM believes in life after Lloyds

Profile: why GWM believes in life after Lloyds

Lloyds Private Banking duo Chris Payne and Tom Milson left the company two years ago after deciding to act on their belief that ‘we could do it better’

Wealth Manager on Twitter