23
Wednesday
May 2018
10:49 AM IST
News Headlines
Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr        CSK and SRH lock horns in Qualifier 1 for spot in IPL 2018 final        Belgium leave out Nainggolan for World Cup        Presence of Nipah virus confirmed in Kerala        Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes        Cuba: 110 died in plane crash, 3 survivors 'critical'        Delhi knock Mumbai out with a thrilling 11-run win        
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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)


For the first time in 226, woman to lead the NYSE
Now, it's India vs Pakistan over Kishanganga project at World Bank
Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province
Venezuelan Prez Nicolas Maduro wins re-election
Hirokazu Kore-eda's 'Shoplifters' wins Palme d'Or at Cannes
Cuba: 110 died in plane crash, 3 survivors 'critical'
The Royal Wedding: Prince Harry, Meghan Markle declared husband and wife
8 killed in explosions at Afghanistan stadium
Passenger plane with at least 104 on board crashes in Cuba: state media
Trump offers Kim no toppling pledge for giving up nukes
Royal wedding: Prince Charles to walk Meghan down aisle
Malaysian Police raid former PM Najib Razak's residences
LHC rejects petition asking treason case against Nawaz Sharif
Melania Trump undergoes surgery for 'benign kidney condition'
Chinese hail 'hero' pilot who landed with broken cockpit window
US opens Jerusalem embassy amid death of 52 protesters
Chinese double amputee finally summits Everest, decades after first bid
Pakistan prevents US diplomat from leaving country
Philippine chief justice Sereno, Duterte's critic, removed
PM Modi, KP Oli Jointly Inaugurate Janakpur-Ayodhya Direct Bus Service
ENTERTAINMENT NEWS
I am a big flop actor: Karan Johar
 (Mumbai, May 5, 2018): Filmmaker Karan Johar is in mood to take up full-fledged acting jobs.  
Bittersweet moment for us: Akshaye on Vinod Khanna's Dadasaheb Phalke honour
Happy Sonam is getting married, Anand a great guy: Harshvardhan Kapoor
Auctioning 'Rustom' costume for good cause: Akshay Kumar
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
NATIONAL NEWS
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
 (New Delhi, May 22, 2018):In a comforting piece of news for air passengers, the government on
Gowda says he is not opposed to Shivakumar being made minister
Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case
BJP now down to 272 Lok Sabha seats from 2014 tally of 282
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