As Bitcoin Soars, Prices Diverge Wildly Across Exchanges

Bitcoins Expected Downfall

Bitcoin crosses $12000 mark, now at $13033

It struck a record-high $15,075.02 at 1005 GMT, according to Bloomberg.

A spokesman for Coinbase said price movements as high as 20% within a few hours aren't uncommon for digital currencies, and that price fluctuations on other exchanges were similar in magnitude.

However, amid the latest surge, price moves vary considerably between different exchanges.

The magazine pointed out however that at the current moment, Bitcoin's pricing chart "looks like a classic bubble before the crash".

Pakistan Air Force Ordered to Shoot Down US Attack Drones
The report also mentions that the Central Intelligence Agency has been responsible for all U.S. drone strikes in Pakistan until November 2017.

"Bitcoin now seems like a charging train with no brakes", said Shane Chanel, from Sydney-based ASR Wealth Advisers. At 12:02 p.m. NY time, the cryptocurrency traded at $16,260.01.

But he warned: "Once the hype slows down, we will most certainly see some sort of correction". In addition, experts now believe that the U.S. market is not ready to deal with bitcoin options and futures yet.

Bitcoin is to be offered on the CBOE Futures Exchange from this weekend and on the world's biggest futures venue, the Chicago Mercantile Exchange (CME), from December 18.

Prices on Bittrex are trading at a similar level, although customers on that exchange say they're having problems withdrawing money back into their accounts.

FromSoftware Teases Next Game at The Game Awards
The font in trailer closely matches what's used in Bloodborne and the line "Shadows Die Twice" could be hinting towards a sequel. While it is great that we are getting a new game from the studio, the teaser trailer really doesn't show off much at all.

Transactions happen when heavily encrypted codes are passed across a computer network.

But it has also suffered controversies. There is an agreed limit of 21 million bitcoins, therefore if they keep being created at the same rate, the limit should be reached by about the year 2140, so we still have quite a way to go yet.

From a currency associated with terrorism and illegal activities to developing into a "mass frenzy", Bitcoin's value has surpassed all expectations and many bears have turned into bulls now.

GNR de Albufeira detém três jovens por tráfico de droga
Acompanhe o site eleito pela Escolha do Consumidor 2017. Os detidos foram presentes ao Tribunal de Albufeira. Seja sempre o primeiro a saber.

Últimas notícias