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Wednesday, May 24, 2017

It's not just Bitcoin anymore...

It

On Tuesday, it shot past $2,200 (£1,700), more than doubling from just two months ago. And a newer currency, Ethereum, has climbed even faster.

Industry members say uncertainty surrounding the value of global currencies, including the pound, is driving demand for alternative currencies.

The kind of technology that underwrites Bitcoin and newer entrants such as Ethereum, is also gaining, well, currency, as it gets put to new uses by developers and others looking to beef up cyber-security.

Policy changes in Japan and elsewhere in Asia have made it easier to trade. And of course, when it comes to price, interest generates its own momentum.

Full story at http://bbc.in/2qPM9kt

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