Legality of bitcoin by country or territory

The world's most popular digital currency, Bitcoin, has topped another threshold, reaching $6,031 on Friday. It comes less than a week after the cryptocurrency smashed the $5,000 benchmark.

As Bitcoin closes in on a $100 billion market cap, world governments and banks are taking note, but Mario Draghi, chief of the European Central Bank (ECB), thinks cryptocurrencies are not mature enough to be considered as yet.

The ECB president was reportedly speaking at a press conference, where he said:

The Italian auction house Sant'Agostino announced that at its next auction the participants will have the opportunity to bid with bitcoin. This will be the first such auction in the world, where cryptocurrency payment will be allowed, reports sega. 

The price of bitcoin, the world's best-known cryptocurrency, has smashed through $5,000 to a new all-time high.

Bitcoin is now trading at $5,186 compared with $966 at the start of the year. The digital currency has soared 750% in the past year, and is now worth four times as much as an ounce of gold.

Russia will block access to trading websites that offer cryptocurrency like a bitcoin. This was stated by the first Deputy Governor of the Russian Central Bank, Sergey Shvezov, defining such a trade as "dubious", Reuters reports.

A senior executive at China's state-backed internet finance body said on Sept. 15 "stateless" digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of "legal" digital currencies.

The price of Bitcoin surpassed $5,000 for the first time, reaching a historic new high for the cryptocurrency, before quickly dipping back below the record-breaking mark.

Bitcoin hit a high of $5,013.91, according to the CoinDesk index, on Friday and stayed above the mark for 10 minutes of trading, before falling back to a low of $4,867.19.

The digital currency Bitcoin has reached new highs this week. Having hit the $3,000 mark earlier this month, the cryptocurrency climbed past $4,000 for the first time on Sunday. The bitcoin price has more than quadrupled since January 1, putting even the best-performing S&P 500 stocks to shame.

All eyes are currently pointed at Bitcoin because the cryptocurrency divided in two, reports Profit.bg

Bitcoins are taking over the crypto-currency marketplace. They’re the largest and most well-known digital currency. Many large companies are accepting bitcoins as a legitimate source of funds. They allow their online products to be bought with bitcoins. With the extreme facilitation of transfer and earning of bitcoins, it would be a mistake not to accept these new-found online coins as cash.