Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology. Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator. Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 per cent at $2,363. So far this year, the price of bitcoin has more than doubled. A key ...
Bitcoin soars above $2,400 to all-time high as demand rises
Bitcoin hit a record of $2,409 on the BitStamp platform and was last up 4.3 per cent at $2,363
Reuters Last Updated at May 24, 2017 21:48 IST