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This article was published on January 6, 2014

Support from Zynga helps Bitcoin break the $1,000 valuation mark again

Support from Zynga helps Bitcoin break the $1,000 valuation mark again
Jon Russell
Story by

Jon Russell

Jon Russell
Story by

Jon Russell

Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

bitcoin-cropThe price of Bitcoin is back over US$1,000 after gaming giant Zynga became the latest company to adopt the virtual currency.

The US company started accepting Bitcoin for in-game payments on a selection of its Web-based games this weekend, a move that helped the valuation of the cryptocurrency break the symbolic $1,000 mark once again, according to popular exchange Mt. Gox.

Bitcoin hit that milestone for the first time in November, but a series of setbacks — including new regulations for BTC China, the world’s largest exchange — sent the price tumbling. It was as low as $435 on December 18.

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➤ Bitcoin crosses $1,000 on Zynga move [BBC]

Headline image Antana / Flickr