Bitcoin exchange rate rose by 16.5% to $14,507 for the first time, according to the data of the electronic cryptocurrency platform Coinmarketcap.
ASX Ltd, the main exchange operator for equities and derivatives in Australia, on Thursday said it will start using blockchain to process equity transactions. "You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s", Blythe Masters, CEO of Digital Asset Holdings (a blockchain startup), recently announced.
Bitcoin got a boost from a successful test of the Lightning Network, which promises to provide a new way to pay for stuff with Bitcoin.
On Wednesday, the three companies behind the technology - Lightning Labs, Blockstream Corp and ACINQ - successfully made multiple payments. She said this paves the way toward testing with outside businesses. "The stakes are quite a bit higher when it comes to releasing for the main bitcoin network". The rival offers a separate solution to bitcoin's congestion issue.
The latest price move will add to a chorus coming from naysayers who assert the speculative frenzy is an asset bubble waiting to pop. While much of the news surrounding bitcoin in the past year has been about the tremendous gains, there has been less discussion about the calculation of the value itself, and particularly about how Google (or any other source, for that matter) has determined the value of a bitcoin. (NASDAQ:CBOE) said it will start trading bitcoin futures on 10 December, while CME Group Inc.'s (NASDAQ:CME) contracts are set to debut on 18 December. Cantor Fitzgerald's Cantor Exchange is creating a bitcoin derivative, and startup LedgerX already offers options.