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Why people are going crazy over bitcoin and other digital currencies
Bitcoin and other virtual currencies are on a tear this year, surpassing the returns seen in stocks, bonds and most other investments.
The price of bitcoin has tripled since the beginning of the year, surging above $3,000 for the first time Sunday before dropping by more than 10 percent the next day. Returns for ethereum — a lesser known but quickly growing cryptocurrency — have been even more dramatic: It’s gained nearly 5,000 percent, touching a record price of $407 Monday before coming down.
By Jonnelle Marte
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Bonner, Montana company gets $416K grant to create 65 new jobs
Company is a data center that provides blockchain security services for the bitcoin network.
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