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Saturday, November 9, 2013

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RAYLOKENovember 29, 2013 at 4:31 PM
....itBit, which recently raised $3.25 million to launch a NASDAQ-powered platform offering "bitcoin trading for serious investors," is part of this new wave of exchanges that appeal to investor preference for safety. itBit holds customers' bitcoins in an offline bitcoin wallet and offers security features including two-factor authorization and withdrawal delays.

Still, the million-dollar question remains – what is fair value for this fledgling currency that seems to know no limits?

"Fair value is difficult to determine... we believe it could be a multiple of what it is now," Murck said.

- By CNBC's Julia Wood. Follow her on Twitter@JuliaCNBC

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