The Price of Bitcoin Just Hit a New Record High

The price of bitcoin just hit a new record high

  • Late Thursday night, the price of a single bitcoin was the highest it’s ever been in the history of the virtual currency: $1,172.09, according to bitcoin trade blog CoinDesk, which keeps track of bitcoin’s value in real-time.
  • Someone who bought 30 bitcoins when they were worth mere cents each can now afford to buy a new car with them.
  • This is uncharted territory, and the last time bitcoin’s price reached similar highs in 2013, a massive crash followed shortly behind.
  • In a matter of weeks, a single bitcoin went from being worth more than $1,000 to roughly $500.
  • As for what’s driving the price up now, the accepted narrative seems to be investor speculation due to the anticipated approval of a bitcoin investment fund owned by the Winklevoss twins.

But there’s no telling how long it will last.
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Banks adopting blockchain ‘dramatically faster’ than expected: IBM

  • Banks adopting blockchain ‘dramatically faster’ than expected: IBM
  • “2017 looks to be the year banking on blockchains shifts from zero to sixty.”
  • LONDON (Reuters) – Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
  • “The industry is hurtling toward blockchain adoption far faster than many expected,” IBM said in its report.
  • “First movers are setting business standards and creating new models that will be used by future adopters of blockchain technology,” said IBM Banking and Financial Markets general manager Likhit Wagle.

By Jemima Kelly LONDON (Reuters) – Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
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Banks adopting blockchain ‘dramatically faster’ than expected

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‘Banks adopting blockchain ‘dramatically faster’ than expected – IBM’ on Yahoo Finance UK. Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday. The technology company said 65 percent of banks expected to have blockchain projects in production in three years’ time, with larger banks – those with more than 100,000 employees – leading the charge. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping system that allows all parties to track information through a secure network, with no need for third-party verification.
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Deloitte to Department of Health and Human Services: Blockchain has Transformative Potential to Advance Precision Medicine, Patient Care and Interoperability

  • “A blockchain-enabled, trusted exchange of health information can provide longitudinal views of patients’ health, generate new insights about population health and support the move toward value-based care.”
  • In the response, Deloitte identifies those opportunities along with a framework to help health care leaders determine how blockchain could improve the nation’s health care.
  • Deloitte to Department of Health and Human Services: Blockchain has Transformative Potential to Advance Precision Medicine, Patient Care and Interoperability
  • WASHINGTON, Sept. 22, 2016 /PRNewswire/ — There are six major ways that blockchain-enabled technology can benefit health care, according to Deloitte’s “Blockchain: Opportunities for Health Care,” released today, in response to the Department of Health and Human Services’ (HHS) blockchain ideation challenge.
  • “But through the blockchain private key mechanism, patients could own their medical records and share information with health care organizations much more seamlessly and securely.

WASHINGTON, Sept. 22, 2016 /PRNewswire/ — There are six major ways that blockchain-enabled technology can benefit health care, according to Deloitte’s “Blockchain: Opportunities for Health Care,” released today, in response to the Department of Health and Human Services’ (HHS) blockchain
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