Bitcoin Closes in on All Time High: One Trader Hit by ‘Severe’ Cyber Attack

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Bitcoin, the popular anonymous digital currency utilized in the world of online gambling and other industries, was up 0.7 percent, or $7.50, to $1,115 a coin.  It is on course to shatter the all-time high of $1,140

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The recent strength in bitcoin comes amid speculation the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds despite analyst concerns that none will be approved.

For the year, bitcoin is up about percent.

The news comes as one Bitcoin trader was hit by a “severe” Denial of Service attack Wednesday morning.

The Bitfinex tweeted that its platform was working to return to normal operations following the initial attack, which lasted approximately one hour.

- Aaron Goldstein,

Business/Financial News

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