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Bitcoin tops $10,000, taking 2017 gains to 940 percent

Virtual currency bitcoin soared to an all-time high above $10,000. (Photo: Courtesy)

Virtual currency bitcoin soared to an all-time high above $10,000 on Tuesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp.

Created in 2009, bitcoin uses encryption and a blockchain database that enables the fast and anonymous transfer of funds outside of a traditional centralized payment system.

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