Bitcoin May Receive Legitimacy From Regulators

Federal authorities signaled their willingness to accept Bitcoin as a legitimate payment alternative. In the Senate hearing on Monday, interested parties received the clearest indication of the government’s desire to grapple with the consequences of Bitcoin’s growth. Bitcoin rallies to $900 Bitcoin keeps climbing higher, touching $900 Tuesday as regulators in the U.S. consider what they could be used for and the possibility that they are a legitimate currency. Bitcoin experiences a lot of volatility now as Japanese Bitcoin exchange Mt.Gox reported a range of between $901 and $503 on Tuesday alone. Nathaniel Popper of Dealbook believes the rally in…