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Even though it’s had an incredibly tumultuous year, Bitcoin has once again defied the naysayers and is currently trading at an all time high of $8,200, with a market cap of over $137 billion.
The price rise comes shortly after a cancelled fork and the first signs that big, institutional investors are finally caving in and joining the bandwagon.
The cryptocurrency was once touted as the new digital cash but is currently mostly viewed as a store of value—akin to a digital gold. It surpassed $6,000 in October and $7,000 in early November. Read more…
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View More Bitcoin continues to crush it, breaks through $8,200
Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. The service will only be available to funds willing to store $10M or more of digital currency… 
In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. /https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F646369%2Fdc5cfddb-4ebb-42e1-8cee-b74b85f4ed21.jpg)
Advocates for a bitcoin hard fork have now decided to cancel plans for the so-called SegWit2x fork. The bitcoin blockchain was supposed to split into two blockchains in roughly 8 days. But it looks like SegWit2x backers couldn’t convince enough people in the bitcoin community to make the SegWit2x blockchain the new mainstream bitcoin blockchain. The SegWit2x fork should have increased… /https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F639200%2Fbecec755-cc8e-4e31-ab25-8a0a97c24193.jpg)
Bitcoin’s incredible march continues in 2017 after the cryptocurrency broke $7,000 per coin for the first time. The surge even saw it go on to reach a high of $7,200 on some exchanges. The price reached a high of $7,140 on popular exchange Coinbase, that was up nine percent over the last 24 hours, but it since dropped to $7,075. That last month has been an even crazier rollercoaster…