Bitcoin Soars Above $7 000 for First Time
Bitcoin
The price of  Bitcoin  smashed another record early Thursday morning — $7 000 for each unit of the digital currency.
As of 7 AM Eastern time  BTC is selling for $7 191.16  according to data from Coinbase.  Bitcoin — which is minted by a decentralized network of miners  not a governing body —  hit this latest benchmark with a single-day increase of nearly $640  only 13 days after  it  first became valued at $6 000. If an individual bought 1 BTC exactly one month ago  it has grown $2 902.33 or +67.67% in value.
The surge came just days after CME Group  the world’s largest futures exchange  announced it would begin offering its customers contracts for trading  Bitcoin  futures.
 Bitcoin’s  meteoric rise continues amid uncertainty about  its  future. In a few weeks  the currency will undergo a “hard fork ” or a split in  Bitcoin ’s blockchain  creating two different versions of the currency to implement a coding update that has been extremely controversial in the Bitcoin community. “Segwit2x ” which is designed to increase the number of transactions that the BTC blockchain can handle  will have drastic effects on the currency’s mining process.
Earlier this week  Bitcoin prices surged over speculation that China might relent as the October 31 deadline approached for its announced ban on domestic digital currency exchanges trading against the yuan. However  the People’s Republic followed through  and now existing Chines exchanges have shifted their operations to other Asian countries.
Ethereum  the top digital currency behind  Bitcoin   has plunged in price as  Bitcoin  enjoys its massive surge  falling from a 24-hour high of $301.41 to $277.82 Thursday morning.
However  this Tuesday  Amazon bought the domain names amazonethereum.com  amazoncryptocurrency.com  and amazoncryptocurrencies.com  fueling speculation that it may get into the action on decentralized digital currencies. Ethereum is not just a currency like  Bitcoin  but an app development platform — the Windows or OSX of blockchain. The domain purchase could be a sign that Amazon may join the Enterprise Ethereum Alliance — a group of large companies  including JP Morgan and Microsoft  putting their weight behind blockchain tech.
The price of [TGT]smashed another record early Thursday morning — $7 000 for each unit of the digital currency.
As of 7 AM Eastern time  BTC is selling for $7 191.16  according to data from Coinbase.  [TGT]hit this latest benchmark with a single-day increase of nearly $640  only 13 days after  [TGT]  first became valued at $6 000. If an individual bought 1 BTC exactly one month ago  it has grown $2 902.33 or +67.67% in value.
The surge came just days after CME Group  the world’s largest futures exchange  announced it would begin offering its customers contracts for trading  Bitcoin  futures.
 Bitcoin’s  meteoric rise continues amid uncertainty about  its  future. In a few weeks  the currency will undergo a “hard fork ” or a split in  [TGT] blockchain  creating two different versions of the currency to implement a coding update that has been extremely controversial in the Bitcoin community. “Segwit2x ” which is designed to increase the number of transactions that the BTC blockchain can handle  will have drastic effects on the currency’s mining process.
Earlier this week  [TGT] prices surged over speculation that China might relent as the October 31 deadline approached for its announced ban on domestic digital currency exchanges trading against the yuan. However  the People’s Republic followed through  and now existing Chines exchanges have shifted their operations to other Asian countries.
Ethereum  the top digital currency behind  [TGT]has plunged in price as  [TGT]enjoys [TGT] massive surge  falling from a 24-hour high of $301.41 to $277.82 Thursday morning.
However  this Tuesday  Amazon bought the domain names amazonethereum.com  amazoncryptocurrency.com  and amazoncryptocurrencies.com  fueling speculation that it may get into the action on decentralized digital currencies. Ethereum is not just a currency like  Bitcoin  but an app development platform — the Windows or OSX of blockchain. The domain purchase could be a sign that Amazon may join the Enterprise Ethereum Alliance — a group of large companies  including JP Morgan and Microsoft  putting their weight behind blockchain tech.