23
Tuesday
October 2018
1:54 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
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)


Stephen Hawking's wheelchair, medals up for auction
Norwegian who thwarted Nazi nuclear plan dies
22 Miners Trapped In China's Coal Mine Accident
Maldives judiciary upholds poll result
Top Afghan Police Chief Killed In Shooting, US General Unhurt
Putin says IS seized 700 hostages in Syria; executing some
Sri Lankan President assured of "fullest cooperation" by PM Modi
VP Naidu arrives in Brussels for 12th ASEM Summit
In Turkey, Pompeo discusses Iranian oil consumption, Khashoggi's disappearance
Trump calls Stormy Daniels a 'Horseface'
Paul Allen, who co-founded Microsoft with Bill Gates, dies of cancer at 65
Flash floods kill at least 13 people in southwest France
Prince Harry and wife Meghan expecting first baby next year
Death Toll in Afghanistan Election Rally Blast Climbs to 22
Kabul voters wrestle with newspaper-sized ballot paper
Turkey has proof Saudi writer Jamal Khashoggi was killed: Report
Hurricane Michael in US kills 11
At least 31 dead after Uganda 'landslide': official
EU officials warned to prepare for no-deal Brexit
China hails Nikki Haley for maintaining dialogue with it at UN
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Vijayan urges UAE Keralites to back salary challenge
 (Abu Dhabi, Oct 18, 2018): Kerala Chief Minister Pinarayi Vijayan has urged Keralite business
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
NATIONAL NEWS
Student gang raped in Muzaffarpur
 Muzaffarpur: A class nine student has been allegedly gang raped in her home in Bihar's Muzaffarpur t
Rafale deal will 'sink' Modi government: Ashok Gehlot
Sabarimala verdict: SC to decide hearing review petitions tomorrow
Fans react to Deepika-Ranveer wedding announcement
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.