Daily Management Review

The price of Bitcoin touches a historic high of $6,450


11/01/2017


The appreciation of the cryptocurrency can largely be attributed to speculations that it is set to enter the financial mainstream.



On Wednesday the price of bitcoins touched its historic zenith of $6,450 on the back of bets that the cryptocurrency is set to enter the financial mainstream following the world’s largest derivatives exchange operator statement on Tuesday that it would launch bitcoin futures.
 
The CME Group Inc has said it would provide a regulated trading venue for the bitcoin and will launch a new derivatives market for the cryptocurrency in the fourth quarter of 2017.
 
2017 has been a bumper year for the Bitcoin with its price appreciating by more than six times.
 
Even in the short run its price has more than doubled since mid-September.
 
On Wednesday, it was up by 0.3% on the Luxembourg-based Bitstamp exchange.
 
References:
reuters.com







Science & Technology

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

Device Capable Of Hearing The Inner Voice Developed By Researchers

New mobile technologies will warn about natural disasters

The brewing industry welcomes blockchain

Asset-Sharing App Of Ryder Is Meant For Commercial Vehicles

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

World Politics

World & Politics

Will Merkel accept Macron's plans for Europe?

USA and China are pushing North Korea to denuclearization

Germany's dilemma: Will the atomic energy win?

A Forceful Response To Syria Attack Will Be Given By U.S.: Trump

Is Trump’s Maximum Pressure Tactic On North Korea Succeeding Because Of China?

Why are Turkey-EU relations moving back?

Record-Breaking $39 Million raised for Rare Cancer Research in 2018 by Cycle for Survival

Hackers stole data of 5 million bank cards