Bitcoin Price Reaches New All Time Record High of $3300

The price of Bitcoin has just reached a new all time record of $3300. This is a rise of $750 per bitcoin since just ten days ago when the price fell to just $2550 due to fears of the effects of a fork on the original Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term.

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Meanwhile Bitcoin Cash, the result of the fork, is losing the support it had just a few days ago. Bitcoin Cash (BCH) is now trading at just $236 - a whopping 67% less than its record of $726 three days ago.

There could be a number of reasons for the jump in the price of Bitcoin, other than the apparent reduced threat by BCH. These include the higher chance that SegWit will be implemented soon and the recent adoption of Bitcoin by established financial institutions.

Bitcoin Futures

A few days ago we saw an example of this mainstream adoption of Bitcoin when it was revealed that the Chicago Board Options Exchange will soon launch Bitcoin futures. CBOE secured a multi-year exclusive license with Gemini Trust, the Bitcoin exchange created by Tyler and Cameron Winklevoss.

Ed Tilly, CBOE Holdings CEO, commented: “CBOE is not only a home to options, derivatives and the VIX but also ETF innovations and foreign exchange. This makes us the natural choice for the development and trading of bitcoin futures. We very much look forward to responding to the growing interest in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term through the creation of bitcoin futures traded on a regulated derivatives exchange, with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing.”