The rising tide for cryptocurrencies like bitcoin, Ethereum and Ripple have lately shaken the investing world. Among the lot, bitcoin has been firing on all cylinders since the beginning of 2017, having hit a series record highs. In three months, the price of the digital currency has surged about 94%.
Investors should note that bitcoins are ‘mined’ by using a greater amount of computer processing power. However, since there is a fixed amount of bitcoins, as the limit is reached, it becomes hard to ‘mine’ for the coins. The best part of this system is that it is beyond the reach of central banks (read: Explaining Bitcoin and Crypto Currency).
More @ https://finance.yahoo.com/news/bitcoin-etfs-more-issuers-join-164104679.html
Topic: [2017-08-26] Bitcoin ETFs: More Issuers Join the Race (Read 2510 times)
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