A man feeds money into a Bitcoin ATM at the Bitcoin Center NYC in New York, U.S. on November 27, 2017. REUTERS/Brendan McDermid
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Bitcoin flirted with $17,000 Thursday, triggering a warning the cryptocurrency was "like a charging train with no brakes" and prompting fresh concern about its looming launch on mainstream markets.Bitcoin, which came into being in 2009 as a bit of encrypted software and has no central bank backing it and no legal exchange rate, has risen from a 2017 low of $752 in mid-January and surged dramatically in the past month.There are mounting concerns about its introduction into the mainstream financial system after U.S. regulator the Commodity Futures Trading Commission last week cleared the way for bitcoin futures to trade on major exchanges, a decision analysts say has helped spur the recent rally.
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