Bitcoin breaks $12000 barrier for first time

Bitcoin breaks $12000 barrier for first time

As more and more financial giants hop on the Bitcoin bandwagon, the value of the digital currency is expected to continue its current ascendant trajectory. Just last week the bitcoin prices had touched $ 11,000 to hit a record high for the sixth day in a row after gaining more than $1,000 in just 12 hours.

Chicago Board Options Exchange (CBOE) is one of the oldest option exchanges in the world.

The planned measures would compel Bitcoin traders to reveal their identities and report illegal activities to law enforcement. What it does mean is that other cryptocurrencies are likely to begin trading futures contracts of their own. The Securities and Exchange Commission denied applications to start bitcoin ETFs earlier in the year on the grounds that the cryptocurrency was "unregulated", but Cboe head Ed Tilly said he plans to reapply with the SEC for a bitcoin ETF.

Sputnik: Why did the European Union and the United Kingdom choose to regulate Bitcoin now, when the currency is increasing on a daily basis? At present, most financial transactions are done in currencies like the U.S. dollar or the euro that are issued by central banks and backed by governments. I feel the new demand is mainly being driven by people using it as digital gold seeking an uncorrelated asset to park their money in. Novogratz, a bitcoin believer in the long term, has said short trades can be risky. A lifetime Bitcoin cloud mining contract enables the Company to earn unlimited Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues. I think we still need to see the fine print, what's being asked for. In the last month, this cryptocurrency has been beating nearly all the traditional asset classes, be it equities, gold, or real estate, in terms of annual returns.

More evidence of cyptocurrencies moving mainstream comes from Square, which is rolling out the ability to buy and sell bitcoin on its person-to-person Cash App. As a result, three cryptocurrencies - Lisk, OmiseGO, and Qtum- edged across the $1 billion market cap threshold, bringing the total number of "crypto unicorns" to a new all-time high of 19.

TODAY'S FORECAST: Showers, high near 53
By this evening, many areas may be experiencing wind chills in the teens and that's likely where we'll start on Wednesday morning. By 4 p.m. the air temperature in Pierre had fallen to about 27, down from 41 degrees at the same time on Sunday .

Dr. Garrick Hileman: It can cut both ways.

For those keeping count, bitcoin's price has jumped by $3,000 in less than a week. So, it really helped to further legitimize the sector. "With other products we've gone back, we've redesigned, we've relaunched". So, regulation can also have a negative effect but so far, it seems to be on the whole having a positive effect. The use of problem-solving in this way is the reason bitcoin is known as a cryptocurrency.

The Bitcoin futures will be under a different class because no other Cryptocurrency has ever been listed in either of these exchanges.

Bitcoin's price has risen dramatically in 2017.

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