AFP / File / KAREN BLEIER
Bitcoin has risen from $ 752 in mid-January to dramatically surge past $ 15,000
Bitcoin soared $ 15,000 to a fresh record on Thursday, triggering warnings over the cryptocurrency’s rapid ascent ahead of its looming launch on mainstream markets. After passing the $ 15,000 mark for the first time around 1,000 GMT, the surge continued with an all-time high of $ 15,969.99, before falling back to just under $ 15,500 according to Bloomberg data.
The fresh surges came out of the money, the $ 12,000 mark for the first time, while it was so much more than 50 percent in value just one week. Bitcoin – which came into being in 2009 as a whole – it came out of the box – has rocketed from a 2017-low of $ 752 in mid-January and has been over dramatically in the past month . The growth is driven by growing acceptance among traditional investors of an innovation considered the preserve of computer nerds and financial experts. But some, including the US Federal Reserve, have been warned against dabbling in bitcoin and it has increased. “Bitcoin does not seem like a charge,” said Shane Chanel, Sydney-based ASR Wealth Adviser. “There is an unfathomable amount of new participants piling into the cryptocurrency market.” But he warned: “We are more likely to see some sort of correction.” Chanel’s forecast comes as a gaming website Steam said it will no longer accept bitcoin for payment, owing to soaring transaction fees and the asset’s hugely volatile performance. – Financial industry concerns – There are some questions about the introduction of the current financial system by the United States of America.

AFP / Laurence CHU
Bitcoin
Bitcoin is the CBOE Futures Exchange from this weekend and the world’s biggest future, the Chicago Mercantile Exchange, from December 18. The Futures Industry Association, which groups some of the world’s largest derivatives brokers, criticized the plans in a letter to the regulator, saying that contracts are being broken down.
“A more thorough and considered process for a robust public discussion among clearing firms firms, exchanges and clearing houses,” said the association. Speaking to Bloomberg TV, Royal Bank of Scotland chairman Howard Davies called on the Federal Reserve, the European Central Bank and the Bank of England to present a warning that could be spectacularly burst. – ‘Dante’s Inferno’ – Aim “all the authorities can do the sign of Dante’s Inferno: ‘Abandon hope all ye who enter here'”, RBS Chief Davies said, “It’s just that we’re going to have a new currency.” Bitcoin transactions happen when heavily encrypted codes are passed across a computer network. The NiceHash Marketplace was Thursday investigating a security breach resulting in the theft of bitcoin. “Clearly, this is a matter of deep concern, and we are working on it to rectify the matter in the coming days,” NiceHash said in a statement. “In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and is co-operating with them as a matter of urgency.” Bitcoin and other virtual currencies use blockchain, which records transactions that are updated in real time on an online ledger and maintained by a network of computers. In 2014 major Tokyo-based bitcoin exchange MtGox collapsed after admitting that 850,000 coins – worth around $ 480 million at the time – had disappeared from its vaults. burs / sr-bcp / Services

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