Bitcoin rallies to record high as digital currency gains validity among U.S. regulators

Bitcoin rallies to record high as digital currency gains validity among U.S. regulators
Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record US$744 on Bitstamp, an active Web-based exchange where they trade for dollars, euros and other currencies, after the remarks at a hearing by the U.S. Senate’s Homeland Security and Governmental Affairs Committee.  

‘Assassination market’: Bernanke tops ‘kill-list’ in crowd-sourced bitcoin fundraiser for wannabe hitmen
A new site allows anyone to set bounties on the death of any individual and anonymously pay a hit man who fulfills the contract with digital currency bitcoin. Barack Obama, Ben Bernanke and the prime minister of Finland are already on the hit list. 

Another U.S. city mulls bankruptcy due to soaring wages and pensions
A bankruptcy filing by Desert Hot Springs, a city of 26,000 about 110 miles east of Los Angeles, would make it the third California city since 2012 along with San Bernardino and Stockton to seek court protection from creditors.