Bitcoin exceeds record-breaking $14000

Well Ethereum is NOT a cryptocurrency. Bitcoin is a cryptocurrency. Ethereum is a platform

Well Ethereum is NOT a cryptocurrency. Bitcoin is a cryptocurrency. Ethereum is a platform

After crossing a record $12,000 in valuation just yesterday, the cryptocurrency touched a new high of over $14,000 today.

ASX, the main exchange operator for equities and derivatives in Australia, on Thursday said it will start using blockchain to process equity transactions. Blockchain is the ledger software that makes bitcoin and other cryptocurrencies possible, and Digital Asset Holdings LLC, the startup run by former JPMorgan Chase & Co banker Blythe Masters, will supply the technology. Its technology would be able to reduce transactions on the blockchain platform by allowing buyers and sellers to transact privately. Supporters say it will ease the on-going congestion plaguing bitcoin.

This is the 1st time their system has been used on Bitcoin's actual blockchain, according to the head of Lightning Labs.

Bitcoin's latest price move will add to a chorus coming from naysayers who assert the speculative frenzy is an asset bubble waiting to pop. While much of the news surrounding bitcoin in the past year has been about the tremendous gains, there has been less discussion about the calculation of the value itself, and particularly about how Google (or any other source, for that matter) has determined the value of a bitcoin.

Cboe Global Markets has said it will start trading bitcoin futures on December 10, while CME Group's contracts are set to debut on December 18. Leading derivatives exchanges such as CBOE, Nasdaq, and CME have announced plans to list Bitcoin futures.

LedgerX already offers options.

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