Bitcoin Rallies After Federal HearingPlay
The virtual currency known as Bitcoin is under scrutiny today on Capitol Hill.
Federal authorities are assembled for Senate hearings yesterday and today to take a closer look at the digital money.
After the hearing, the value of Bitcoin — which exists as software and is currently unregulated — surged. The currency has quadrupled in value over the past two months.
- Jason Bellini, senior producer for the Wall Street Journal. He tweets @jasonbellini.
This segment aired on November 19, 2013.