Bitcoin

Bitcoin Bounces Back Again

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Bitcoin fans may recall some "LOL" responses from the cryptocurrency's critics back in December when China instituted restrictions that caused its value to plunge.

Well, for those who stuck it out, it has regained its value, thanks to a well-known mobile and social gaming company. Courtesy of AFP:

The virtual currency Bitcoin jumped back over $1,000 Monday after online gaming company Zynga began a test operation to accept Bitcoin in some of its games.

Zynga said in a posting on Reddit over the weekend that it is now accepting in-game purchases in seven of its online games, including FarmVille 2, CityVille, and Hidden Shadows, through the Bitcoin processor BitPay.

Zynga called the move a test "in reponse to Bitcoin's rise in popularity around the world."

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