Digital currency Bitcoin has seen its value top $1,000 (£815) for the first time in three years after it ended as the best-performing currency of 2016.It traded as high as $1,029 on Tuesday, according to CoinDesk data.Analysts are attributing its jump to increased demand from China, which is where most Bitcoin trading takes place.Bitcoin relies on web-based transactions handled across thousands of computers and is used as an anonymous way to move money globally.As a result, some speculate that people in China are using it to circumnavigate strict government rules aimed at preventing money from leaving the country.The value of China's currency, the renminbi, fell by about 7% last year.In contrast, Bitcoin's value rose by 125% in 2016, making it the world's best-performing currency when compared with its central bank-issued peers."Thegrowing war on cash, and capital controls, is making Bitcoin look like a viable, if high-risk, alternative," said Paul Gordon, a board member of the UK Digital Currency Association.David Moskowitz, the founder of Coin Republic, a Singapore-based Bitcoin brokerage, believes some investors now see the currency as a haven asset."The

run-up since November could be due to Indian demonitisation followed by Venezuela capital controls and rumours of similar actions in more countries," he told the BBC.Bitcoin is often referred to as a new kind of currency.But it may be best to think of its units being virtual tokens rather than physical coins or notes.However, like all currencies its value is determined by how much people are willing to exchange it for.To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.For each problem solved, one block of Bitcoins is processed.In addition the miner is rewarded with new Bitcoins.This provides an incentive for people to provide computer processing power to solve the problems.To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.There are currently about 15 million Bitcoins in existence.To receive a Bitcoin, a user must have a Bitcoin address - a string of 27-34 letters and numbers - which acts as a kind of virtual post-box to and from which the Bitcoins are sent.Since there is no register of these addresses, people can use them to protect their anonymity when making a transaction.These addresses are in turn stored in Bitcoin wallets, which are used to manage savings.They operate like privately run bank accounts - with the proviso that if the data is lost, so are the Bitcoins owned.The value of Bitcoin has been volatile since it was first launched in 2009, and many experts have questioned whether the crypto-currency will last.The last time Bitcoin was trading above $1000 was in late 2013.But later that year the currency experienced daily price swings of as much as 40% after the Tokyo-based Mt.

Gox exchange was hacked and saw the currency plunge to under $400.However, some experts expect Bitcoin to continue its recent strong run."Asasserted by analysts, 2017 is expected to be a banner year, one that could finally lead the price to pass its all-time high of $1,216.7 set in 2013," CoinDesk said.Mr Moskowitz said: "At some point there will be a correction but my outlook is still very positive as Bitcoin has shown its resilience."It'sbitcoin lifetime price chartbeen declared dead 115 times and is still the best way to send value directly from person to person without anyone being able to prevent that transfer."Therebitcoin merrill lynchare also more Bitcoins in circulation than ever before and it is estimated 12.5 are added to the system every 10 minutes.lekkerurlaub bitcoin

It is estimated the crypto-currency's total worth is now above $16bn.Here is the best way to view the ICC Cricket World Cup for almost free all over the world from an official partner: We hope it helps few other cricket enthusiasts and stay tuned for more updates.Company Location: British Virgin Islands Countries: 78 Servers: 1000+ Expressvpn Review Company Location: USA Countries: 60+ Server: 500+ IPs: 40,000+ IP VANISH Review Company Location: Panama Countries: 50+ Servers: 650+ IPs: 2000+ Nordvpn Review Choose the specific country with your VPN client and visit the broadcasters website for further infos.Some of them also allow to view the Cricket World Cup 2014 for Free!If you are located in the United Arab Emirates and you want to unblock your way out of their internet censorship, use VPNUAE.The Cricket World Cup is the 11th Cricket World Cup hosted by New Zealand and Australia from 14 February.14 teams will play 49 matches in 14 sites, with Australia staging 26 games at grounds in Adelaide, Brisbane, Canberra, Hobart, Melbourne, Perth and Sydney while New Zealand sponsor 23 games in Auckland, Christchurch, Dunedin, Hamilton, Napier, Nelson and Wellington.[1]

The final match of the tournament will occur in the Melbourne Cricket Ground.The hosting rights were given in once as the 2019 Cricket World Cup, that was given to England, as well as those of the 2011 Cricket World Cup, which Australia and New Zealand had initially bid to host.The 2011 tournament was given playing nations, Bangladesh, Pakistan, Sri Lanka and India, in a 10 to 3 vote (Pakistan afterwards lost the co-sponsoring rights as a result of a terrorist attack).The International Cricket Council were adequately impressed with all the trans-Tasman play that it had been determined to give another World Cup to Australia and New Zealand.It is the 2nd time the tournament will probably be held in Australia and New Zealand, with the first being the 1992 Cricket World Cup.Sachin Tendulkar has the ICC India are the defending champs, having won the tournament when it had been held getting the better of Sri Lanka in the finals.Tickets between Pakistan and India, played on 15 February 2015, apparently sold out of going on sale within 12 minutes The hosts were declared by the ICC for the last World Cup, the 2011 contest.

New Zealand and Australia had also bid for the tournament and a successful Australasian bid could have found a 50-50 split in matches, together with the final up for discussion.The TransTasman bid, Beyond Boundaries, was the sole bid for 2011 delivered before 1 March deadline at Dubai.Significant values of the bid contained the first-class sites and infrastructure, and the complete support of the Australian and New Zealand authorities on tax and custom problems throughout the tournament, based on Cricket Australia chief executive James Sutherland.The New Zealand government had also ensured the Zimbabwean team will be permitted to participate in the tournament after political discussions about whether their team could be permitted to tour Zimbabwe in 2005.ICC President Ehsan Mani stated the extra time needed by the Asian bloc to deliver its play had damaged the four-state bid.But when it came to the voting, the Asians won by seven votes according to the Pakistan Cricket Board (PCB), it was the West Indies Cricket Board (WICB)’s vote that turned the issue.