Bitcoin soars to nearly three-year high in wake of China volatility

By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) – Digital currency bitcoin on Tuesday surged to its highest in nearly three years as investors bought the asset in a supposedly safe-haven bid in the midst of volatility in the Chinese stock market.
On Tuesday, bitcoin climbed as high $793.27 on the BitStamp platform, its highest since February 2014. Since August this year, bitcoin has soared 70 percent.
Darin Stanchfield, founder and chief executive officer of bitcoin wallet KeepKey said bit