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

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

World Politics

World & Politics

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?

Myanmar Military Top Brass should be investigated and prosecuted for genocide: UN

France Needs To Recover From The Blow of Its Environment Minister’s Resignation

‘Disorderly Brexit’ Couldn’t Possibly Gain Anybody’s Interest, Says Maas

Venezuela comes up with a new monetary reform