Bloomberg: Bitcoin surges past $4,000 on speed breakthrough

Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.

The largest digital tender jumped to a peak of $4,216 Monday, a gain of nearly 18 percent since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week. The solution — termed SegWit2x — had been so contentious that a new version of the asset called Bitcoin Cash was spun off earlier this month in opposition.

For the full text of the article, click here.

Related Posts

Previous Post
We don’t envy the Bank of Japan’s choices in Quantitative Easing
Next Post
LCH launches SwapClear account with assets segregated at custodian level

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account