The price of Bitcoin reached an all-time high, smashing through the $5,000 mark as it rebounds from a short period of uncertainty. Litecoin is the only currency mimicking bitcoin's moments, as it's also up ~ 10% today.
Most merchants that accept crypt coins as a mode of payment prefer Bitcoins over other cryptocurrencies. And as a new asset with a smaller pool of investors, cryptocurrencies are subject to wild swings in value. But he also warned against imposing "too many barriers", which appears to have given bitcoin a boost.
Hyperloop One rebrands as 'Virgin Hyperloop One' after investment by Richard Branson
For example, the firm envisions 30-minute trips between Los Angeles and Las Vegas. A Hyperloop uses a pod to carry passengers or cargo through a low-pressure tube.
The cryptocurrency is highly controversial, with JP Morgan boss Jamie Dimon saying that it was only suitable for drug dealers, murderers and people living in North Korea.
Up over $1,000 since last month, Bitcoin has risen over 25% within the last 30 days.
"Bitcoin was created to operate outside of the influence of governments and central banks, and is doing exactly that", said Iqbal Gandham, Managing Director at retail trading app eToro, which has seen huge increases in cryptocurrency trading volumes. "So to us, this bounce back in price is no surprise", the analyst added.
Samsung now has Darth Vader and Storm Trooper VacuumBots
You can preorder both now at the Samsung website; the estimated ship date is November 5th at the time of writing. The Darth Vader model of this robot vacuum cleaner has Wi-Fi connectivity as well as its own remote control.
"It is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money", he wrote in The Guardian.
But other factors have gotten traders excited: An Oct. 2 Wall Street Journalarticle reported that Goldman Sachs was considering opening a unit focused on bitcoin traders.
NFL Betting: New England Patriots vs. New York Jets - Week 6
The AFC East has proven to be more challenging this season than predicted, but the Patriots are still the cream of the crop. The Jets also gave up 140 yards against the Browns, a week after allowing 175 to the Jaguars.