Cryptocurrency Adds Yet Another Zero

The journey of Bitcoin in 2017 maps a highly-volatile but consistent upward movement, with the price of the cryptocurrency peaking out at a whopping USD 19,000 in December from about USD 1,000 recorded in January. We can help you buy bitcoins , choose a bitcoin wallet You can also read the latest news , or engage with the community on cryptocurrency news  our Bitcoin Forum Please keep in mind that this is a commercial website that lists wallets, exchanges and other bitcoin related companies.

While numerous high-profile critics and several national governments have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value, cryptocurrency traders said new highs were likely in 2018.

What’s causing the depreciation is anyone’s guess in the same way that nobody knows exactly why bitcoin’s price has slot up from a touch under $1,000 at the start of the year — although many do attribute that to financial institutions embracing the cryptocurrency.

Just two years after Nasdaq bought his company SecondMarket, which allowed for the trading of stock in private companies (like Facebook before it went public), Barry Silbert has become the single biggest name in cryptocurrency startup investing, bar none.

While the fate of bitcoin and other virtual currencies hung in the balance after the formation of the panel, one of the government officials in July told Moneycontrol that bitcoin and other virtual currencies are unlikely to be declared illegal in India , bringing relief bitcoin-watchers.

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