Bitcoin News 11 August 2017 – Bitcoin Price Blasts Past $3500!

Bitcoin News today leads with the Breaking News that the Bitcoin price has blasted past the $3500 level and heading upward. As Bitcoin trades around the clock, this could be a very interesting weekend ahead.

 

There could be a number of reasons why this price is moving to these new all time high levels. Firstly, SegWit was activated and then locked in on 8 August. SegWit on the Litecoin network has no issues emerge, which bodes well for Bitcoin. The development team has released a roadmap for SegWit2X, which will take three months to implement. This means that the Bitcoin Blockchain’s block size will increase from 1MB to 2MB – all this to scale Bitcoin.

 

In a very interesting turn of events, we are seeing the Financial industry that Bitcoin was supposed to disrupt, now engaging and partnering with Bitcoin exchanges, hedge funds and Asset Funds Emerging.

 

All the activity and institutional investments are playing a role in driving the Bitcoin Price. Crypto Asset Management has a new product called CAMCrypto30 – a cryptocurrency index designed to mirror the 30 largest cryptocurrencies by market capitalization.

 

 

 

Other News Headlines:-

 

European cryptocurrency exchange Bitstamp launching new trading pairs for ether on August 17 – adding markets denominated in US dollars, euros and bitcoin for the ethereum-based digital currency.

 

Tokyo-based cryptocurrency exchange Coincheck is launching a new investment fund with a funding cap of 50 million yen (about $450,000) – the aim of the fund is to support startups developing blockchain projects.

 

Illinois to Trial Blockchain Tech in Bid to Track Medical Licenses – with the intention to streamline how medical licenses are issued and tracked.

 

Medical Society of Delaware is building a proof-of-concept focusing on the pre-authorization process for care providers and medical insurers. This in a bid to improve the efficiency of pre-authorization to ensure patients get health care quicker.

 

These articles and more can be found on the Bit-Media Facebook page 

 

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