21
Tuesday
August 2018
3:16 PM IST
News Headlines
UAE offers Rs 700 crore for Kerala        When nature let us go there, I plan to help people rebuild their homes, says Rohini        Bodies found as flood recedes        SC judges to contribute to Kerala flood relief fund        28 more services from Trivandrum International airport        Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'        West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee        6.9 magnitude earthquake hit Indonesia's Lombok        12 of Imran’s 21 cabinet members held key posts during Musharraf regime        India bowl out England for 161 at tea        Kerala flood: Papa CJ expressed his willingness to perform at fund-raiser programmes        Declare Kerala floods a national disaster: Rahul Gandhi asks PM        PM announces an interim relief of Rs 500 Cr        PM's aerial survey called off        Centre to Supreme Court: ‘Decision taken to reduce Mullaperiyar water level’        Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi        Imran Khan Elected New Pakistan PM, Seen In Tears After Vote        'He's innocent': US threatens more sanctions on Turkey if pastor not freed        Kerala floods: Sanju Samson contributes Rs 15 lakhs towards relief fund        Pregnant woman airlifted by Navy gave birth to baby boy        
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International News
Bitcoin charges through $14,000 as investors pile in
 
(Dec 7, 2017): Bitcoin hit a fresh record of $14,000 Thursday as investors piled in, triggering a warning the cryptocurrency was "like a charging train with no brakes" which would inevitably slip back.

It touched a new a high of $14,400 in Asian trade before slipping back to $13,900, according to Bloomberg News.

The rally came just a day after the virtual currency, which has been used to buy everything from an ice cream to a pint of beer, hit the $12,000 mark for the first time.

Bitcoin -- which came into being in 2009 as a bit of encrypted software and has no central bank backing it -- has risen from a 2017 low of $752 in mid-January, and surged dramatically in the past month.

The increased interest has been driven by growing acceptance among traditional investors of an innovation once considered the preserve of computer nerds and financial experts.

US regulators last week cleared the way for Bitcoin futures to trade on major exchanges, including the world's biggest futures centre the Chicago Mercantile Exchange (CME).

But some, including the US Federal Reserve, have warned against dabbling in Bitcoin as it could threaten financial stability, and fears of a bubble have increased as the price has soared.

"Bitcoin now seems like a charging train with no brakes," said Shane Chanel, from Sydney-based ASR Wealth Advisers. "There is an unfathomable amount of new participants piling into the cryptocurrency market."

Bu he warned: "Once the hype slows down, we will most certainly see some sort of correction."

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

Bitcoin and other virtual currencies use blockchain, which records transactions that are updated in real time on an online ledger and maintained by a network of computers.(AFP)


6.9 magnitude earthquake hit Indonesia's Lombok
12 of Imran’s 21 cabinet members held key posts during Musharraf regime
Imran Khan Elected New Pakistan PM, Seen In Tears After Vote
'He's innocent': US threatens more sanctions on Turkey if pastor not freed
Toll soars to 48 in Kabul education centre blast
Bridge collapses in Italy during heavy storm, crushing cars
Officials: Afghan forces push back Taliban from key city
Bangladesh ex-PM Zia gets bail in defamation case
NASA launches Parker Solar Probe spacecraft
Imran Khan’s party bags 33 reserved seats; PTI NA tally stands at 158
Children among 39 civilians killed in Syria arms depot blast: monitor
NASA postpones Parker Solar Probe launch to Sunday
Malaysia ex-PM Najib to face corruption trial in February
India, Afghanistan discuss development projects
Imran Khan to take oath as Pakistan Prime Minister on Aug 18: party leader
US to slap crippling sanctions on Russia over nerve agent attack in Britain
Khan's party and allies secure over 180 seats in NA: Chaudhry
Death toll from Greek forest fire rises to 93, victims named
Ivan Duque sworn in as new Colombian president
Argentina ex-Vice President jailed over corruption charges
ENTERTAINMENT NEWS
Amala Paul injured while filming a stunt sequence for Adho Andha Paravai Pola
 Chennai: Actress Amala Paul met with an accident while shooting a stunt sequence for her upcoming mo  
Deepveer to tie the knot on November 20 in Italy
Maradona - People will love this guy
Kinavalli - Where six friends and a ghost meet
KERALA NEWS
UAE offers Rs 700 crore for Kerala
 New Delhi: Kerala CM Pinarayi Vijayan said that the United Arab Emirates has offered Rs 700 crore to
When nature let us go there, I plan to help people rebuild their homes, says Rohini
Bodies found as flood recedes
28 more services from Trivandrum International airport
NATIONAL NEWS
SC judges to contribute to Kerala flood relief fund
 New Delhi: The judges of the Supreme Court will contribute to the Kerala flood relief fund, Chief Ju
Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'
West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee
Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi
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