Bitcoin

Bitcoin price surges over $8,000

Bitcoin
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In case you missed it - today the crypto-currency Bitcoin saw its value surge to over $8,000.

On top of that, the digital currency has seen its value jump by over 60.8% in the last month.

The price of Bitcoin reached its peak in November 2017, when it hit $19,000, after which it began to fall steadily.

In December it fell to below $5,000 for the first time since its peak.

No one knows exactly why the virtual currency has seen its value suddenly surge, but Tech Crunch has some theories, if you're interested.

Taking secrets to the grave

Bitcoin coins
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A Canadian cryptocurrency exchange went to court on Tuesday to seek bankruptcy protection after its president took passwords for accounts containing 180m in Canadian dollars to his grave when he died suddenly. The company had about 115,000 accounts.

In a statement, Vancouver-based QuadrigaCX said it is seeking creditor protection after weeks of attempting to "locate and secure our very significant cryptocurrency reserves" following the death of its president Gerald Cotten, aged 30.

The Nova Scotia Supreme Court was to consider the application made by his widow Jennifer Robertson on behalf of the company.

Ms Robertson said the company has been unable to access on its main computer the cryptocurrencies.

"I do not know the password or recovery key," Ms Robertson said. "Despite repeated and diligent searches, I have not been able to find them written down anywhere."

The company's digital platform allows trading of Bitcoin, Litecoin and Ethereum.

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