Bitcoin tops £5,000 in value

  • Image copyright – Getty Images – – – – – Image caption – – For the first time ever, Bitcoin has hit £5,000 in value – – – – The price of Bitcoin has surpassed £5,000 per coin – a new record.While it is a historic moment of sorts, Bitcoin…
  • Its value was lower than $100 in June 2013, and below $1,000 as recently as January.But in August, the virtual currency soared to $3,451 after a spin-off – Bitcoin Cash – failed to prove as disruptive as had been feared.And in September, Bitcoin crossed the $5,000 threshold for the first…
  • “It’s been a very innovative year – there have been a lot of new technology platforms for cryptocurrencies, which have lifted Bitcoin,” Garrick Hileman a research fellow at University of Cambridge told the BBC.
  • “Coinbase – a business that lets the public trade and store digital currencies – reports that it is now signing up between 35,000 to 50,000 new users per day.Mr Hileman said that many people had recently been attracted to invest in Bitcoin because when a “fork” happened in August, investors…
  • “Rising geopolitical tensions on the Korean Peninsula are also driving interest in Bitcoin in the surrounding countries, because people are wary of investing in the yen or the dollar,” Mr Hileman added.However, he continued, government regulators may crack down on cryptocurrencies, which could drive prices back down.

The price of Bitcoin has finally surpassed the £5,000 mark and set a new record.
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British gamblers lost a record £12.6bn last year

  • British gamblers lost a record £12.6bn last year as bookmakers took more money than ever from fixed-odds betting terminals (FOBTs).
  • Online betting accounts for a third of the losses, and a record £1.7bn was gambled away on fixed-odds betting terminals
  • Figures released by the Gambling Commission, which regulates bookmakers, casinos, online betting and lotteries, show gamblers’ losses have risen every year since April 2011.
  • The commission said gambling firms contributed £1.7bn to good causes over the year, a 2.1% increase on their contribution in the year to the end of March 2015.
  • Campaigners have called on politicians to reduce the maximum amount that can be staked on FOBTs from £100 to just £2 in an effort to limit the amount that problem gamblers can lose on them.

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@bitcoinagile: “British gamblers lost a record £12.6bn last year #bitcoin #degengamblers #REKT”


Online betting accounts for a third of the losses, and a record £1.7bn was gambled away on fixed-odds betting terminals


British gamblers lost a record £12.6bn last year