[2017-05-24] Mint: Bitcoin soars above $2,400 to all-time high

[polynesia]

Bitcoin soars above $2,400 to all-time high

http://www.livemint.com/Money/CqDPFpr1fE0SIhoLcuvDyK/Bitcoin-soars-above-2400-to-alltime-high.html

Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator.

Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3% at $2,363. So far this year, the price of bitcoin has more than doubled.

A key reason for bitcoin’s dominance in the nefarious online underworld, say technologists and cybercrime experts, is its size — the total value of all bitcoins in circulation is more than twice that of the nearest of hundreds of rivals.

[1715393329]

1715393329

[1715393329]

1715393329

[polynesia]

Covered widely by other publications as well.

http://www.business-standard.com/article/international/bitcoin-soars-above-2-400-to-all-time-high-as-demand-rises-117052401547_1.html
http://economictimes.indiatimes.com/markets/forex/bitcoin-soars-above-2400-to-all-time-high/articleshow/58834807.cms
http://timesofindia.indiatimes.com/business/international-business/bitcoin-soars-above-2400-to-all-time-high/articleshow/58827107.cms
http://www.newindianexpress.com/world/2017/may/24/bitcoin-price-soars-above-usd-2400-to-all-time-high-1608661.html