Bitcoin rockets past $5200 price to reach all-time high

13 October, 2017, 21:37 | Author: Regina Silva
  • Jamie Dimon chief executive officer of JPMorgan Chase & Co

A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017.

Available on GitHub, the code has already been used to execute what startup Altcoin Exchange claims is the first so-called "Atomic Swap" between the biggest cryptocurrencies by market cap, Bitcoin and Ethereum, when they traded bitcoin with ethereum, between two different blockchains. Excited by the gains in BTC prices, other investors jump aboard to extract their own gains.

"The interest really stems from the media hype", he added.

But that was not enough to put investors off, with bitcoin rallying around 10 percent since then. This wait meant that users would often get frustrated because of bitcoin's inherent volatility - the price could fall (or rise) by 20 percent before you received your coins, but you were still locked into the price you paid five days earlier. As recently as December, bitcoin was trading at less than $1 000 dollars.

Quentin Tarantino 'stunned' by Weinstein scandal
While the evidence overwhelming, drawing up a portrait in the shape of a predator of the producer, Quentin Tarantino is not expressed.


How Many SeaWorld Entertainment Inc (NYSE:SEAS)'s Analysts Are Bullish?
The value of the investment in ( SEAS ) increased from $7,038,000 to $10,064,000 increasing 43.0% since the last quarter. The fund owned 208,731 shares of the company's stock after acquiring an additional 57,830 shares during the period.


Dead man's unsent text with emoji a legitimate will, Australian court rules
The unsent text message was never sent but had important information that convinced the court that the man was using it as a will. Justice Susan Brown said the informal nature of the draft message did not stop it from revealing what the man wanted.


Unlike a real-world unit such as the U.S. dollar or euro, bitcoin has no central bank and is not backed by any government. So, a team of cryptocurrency developers is open-sourcing technology that enables trust-less trading between a bitcoin and ethereum blockchains.

But after dipping below $3,000 in mid-September, Bitcoin has leapt in value by more than 75 percent in four weeks. Some are seeing that the Bitcoin bubble is yet to show more progress before bursting and running towards a downward spiral.

"For most currencies there are several accepted methodologies for estimating relative value, normally based on macroeconomic fundamentals", said EFG Asset Management's Global Head of Research, Daniel Murray. In fact, it might make holders of existing Bitcoins richer.

Not only was this delay frustrating but it could also cost investors the opportunity to invest in an initial coin offering (ICO) since most of these events require contributors to pay with ether or bitcoin.

Recommended:

  • Precision Drilling Corporation (PDS)

    Precision Drilling Corporation (PDS)

    Ferguson Wellman Capital Management Inc. boosted its stake in Precision Drilling Corporation by 1.0% in the second quarter. Finally, Deutsche Bank AG started coverage on shares of Precision Drilling Corporation in a research note on Tuesday.
    Mascherano to quit Argentina after World Cup

    Mascherano to quit Argentina after World Cup

    The FC Barcelona website quoted him - while he was in Spain with the rockers - as saying: "I'm only on stage for an hour".
    All not well between Thugs of Hindostan co-stars Katrina and Fatima?

    All not well between Thugs of Hindostan co-stars Katrina and Fatima?

    The actress will be seen playing a warrior in the film and she is leaving no stone unturned to play her part to perfection. Kiran Rao, however, rubbishes the rumours about Aamir Khan being partial with Fatima. "She is playing the central role".
  • Bangladesh ranked 88th of 119 on global hunger index

    Prevalence of wasting in Sri Lankan children under five years increased to 21.4 percent in the five-year period from 2012-2016. Further, India's child wasting rate has not substantially improved over the past 25 years, said the comprehensive report.
    Ahead of Diwali, Tamil Nadu government decides to increase liquor prices

    Ahead of Diwali, Tamil Nadu government decides to increase liquor prices

    "If any theatre demands any amount more than the government fixed ticket price, complaint can be immediately filed", he said. The fate of new movies of top stars like actor Vijay's " Mersal " slated for release for Deepavali next week hung in balance.
    NASA pinpoints cause of Earth's recent record carbon dioxide spike

    NASA pinpoints cause of Earth's recent record carbon dioxide spike

    The team also added that these studies would help them to understand the future changes in climate. These conditions led to a lower level of photosynthesis, as trees and plants absorbed less carbon.
  • Your Orange Juice is definitely going to cost more

    Your Orange Juice is definitely going to cost more

    Groves are still under water in southwest Florida and state lawmakers are calling for immediate federal aid for producers. The total grapefruit forecast is for 4.9 million boxes, with whites at 900,000 and colored at 4 million boxes.

    Refining, petrochemicals margins lift RIL profit by 7%

    The telecom business reported a net loss of Rs 271 crore, but was profitable on the EBIT level at Rs 260 crore. On the other hand, the telecom operator posted EBIT of Rs 260 crore with EBIT margin of 4.2 per cent.
    Airbus says has not found suppliers affected by Kobe scandal

    Airbus says has not found suppliers affected by Kobe scandal

    In July previous year , however, Kobe Steel said it had begun mass production of titanium forged parts for A350 landing gear. Customers have said there are no problems with the safety or function of the products, the spokesman said.
  • Pranab Mukherjee was more qualified to become PM: Manmohan Singh

    Pranab Mukherjee was more qualified to become PM: Manmohan Singh

    Kanimozhi and Samajwadi Party President Akhilesh Yadav. "It is absolutely (an account of) how I looked at men and matters as an active political participant", he added.
    AcelRx Pharmaceuticals shares tumble after FDA rejects new drug application for Dsuvia

    AcelRx Pharmaceuticals shares tumble after FDA rejects new drug application for Dsuvia

    Acelrx Pharmaceutica (NASDAQ: ACRX ) shares traded -59.81% down during most recent session to reach at the closing price of $2.15. Following the completion of the transaction, the insider now owns 16,379 shares of the company's stock, valued at $86,644.91.
    Trump to speak at anti-LGBT conference on Friday

    Trump to speak at anti-LGBT conference on Friday

    Trump went on to briefly pivot toward his push to cut taxes, calling for tax reform as a "Christmas gift". Trump has spoken at the event three times before but this is his first attendance since he took office.


Popular

Hear Trent Reznor and Atticus Ross' Version of 1978 'Halloween' Theme Song
It doesn't have the original " Halloween " theme on it, mind, just this new Reznor/Ross version. You can catch John Carpenter now on tour performing all your favorite hits in a city near you.

Linkin Park releases Carpool Karaoke episode in memory of Chester Bennington
It's a fun 20 minutes of radio singing, with Bennington mentioning at one point, "This is probably the greatest day of my life". Sat in the driver's seat, Bennington challenges Jeong to prove himself as a worthy addition to the rock band.

LeBron James uncertain for Cavs opener against Celtics after aggravating ankle injury
The 32-year-old reiterated that he wasn't fully himself when asked about the condition of the injury. We scrimmaged a lot today, and we put it in early.

Protests banned in Kenya after opposition leader pulls out of presidential election
The Kenyan Supreme Court nullified the results of the country's August presidential election, citing irregularities in the election.

For Puerto Rico Response, Missouri State Senator Compares Trump to Hitler
Secret Service said it was looking into Chappelle-Nadal's comment, though she appears to not have faced any disciplinary action. In Chappelle-Nadal's post, Trump takes off a shirt to reveal Adolf Hitler .

Brighton 21/10 to defeat Everton in their Premier League encounter on Sunday
Koeman said, "Of course my name is linked to the Dutch national team job and that was also the case a few years ago". McCarthy reported for global duty for the double-header against Moldova and Wales.

Amazon Considering Delivering Stuff To Your Car Trunk
Now the company is working to make sure your packages get inside the front door, or even into your vehicle . Wal-Mart (WMT) is working on an in-home delivery service in partnership with smart doorbell maker August .

Google Assistant can now control Chromecasts from your phone
If you're outside of the USA , you're also going to miss out - for the time being, at least. Google wants you to make video calling one of the easiest things you can do on your phone.

Tim Hortons unveils newest 'drink' - a spicy Buffalo Latte. No, really
The new drink is meant to highlight Tim Horton's new lineup of espresso drinks that include Americanos, cappuccinos and lattes. Fun fact that makes the insane combo slightly more acceptable: both the sauce and Tim Hortons were created in 1964.

Amy Jackson Looks Stunning in 2.0
After "Baahubali" series, Rajinikanth's "2.0" is being touted as the costliest project in the South Indian film industry. The first look posters of Akshay Kumar had already stunned the audience and now the actor will change his voice for 2.0.