Mt. Gox Enters US as Bitcoin Trades at an all time high of $32

By Thursday, February 28, 2013 0 , Permalink 0

Mt. Gox was trying to enter the US for quite some time now and having finally managed to partner with a Silicon Valley Bank partner and VC funded company – CoinLab, things are definitely looking good for Bitcoin’s future.

Announcing the development Peter Vessenes, CEO of CoinLab, said in a post, “There are two major difficulties Bitcoin exchange customers have traditionally faced: banking troubles for the underlying exchange, and security of their coins.”

“Since we believe in Bitcoin, we’d like to solve these problems”, he added.

Bitcoin’s value has reached a new high, since Wednesday morning, trading above $32, setting a new record for the virtual currency. The soar in Bitcoin’s value may have been helped by other factors too like Reddit’s decision to start accepting Bitcoin as payment and the Internet Archive’s decision to pay part salaries to its employees in Bitcoin.