The Bitcoin is scaling a new peak each passing day. The price of the cryptocurrency touched US$15,242.99, a record, according to Bloomberg pricing. That is a near 40 percent in this month, and an eleven-fold rise since the year began. It now has a market cap of $236 billion and accounts for over 60 percent of the overall cryptocurrency market.
The rush to buy bitcoin has defied warnings from some analysts about it potentially being a bubble that's ready to pop. Governments across the world still remain skeptical about investing in digital currencies.
ASX, the main exchange operator for equities and derivatives in Australia, on Thursday said it will start using blockchain to process equity transactions.
New Twist in Vishal's nomination for by
Vishal plans to move court against the election commission's decision but hasn't given up hope that justice will prevail. Sumathi and Deepan had backtracked under pressure from the ruling party and he was anxious about their safety.
U.S. regulators last week cleared the way for Bitcoin futures to trade on major exchanges, including the world's biggest futures centre the Chicago Mercantile Exchange (CME).
Blythe Masters tells banks that blockchain will change everything. Blockchain is the ledger software that makes bitcoin and other cryptocurrencies possible, and Digital Asset Holdings LLC, the startup run by former JPMorgan Chase & Co banker Blythe Masters, will supply the technology.
In addition to allowing cryptocurrency to be purchased in all 25 base currencies, in an aim to eliminating foreign exchange fees, Revolut said it will introduce competitive rates with 1.5pc markup and no hidden fees. However, privacy concerns ought to be taken into account.
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