Bitcoins new record, half a million coins!

Virtual trading has not stopped the uptake of Bitcoin prices. The average price of the new record stands at six thousand four hundred fifty dollars, which is more than Tk 5,35,000 in Bangladeshi currency. News Reuters

Bitcoin prices reached a new height Wednesday (November 1), said Luxembourg-based Bitcoin trading company Bitstamp. Earlier on October 20, Bitcoin touched the milestone of six thousand dollars for the first time. Then in less than two weeks, the price of Bitcoin reached new heights.

Earlier, CME Group, the world's largest derivative operator, said that they will be trading vendors for the Cryptocarbon Market, and in the fourth quarter of 2010, new derivatives will be introduced for new transactions. After the announcement of the CME Group, the price of Bitcoin has been increasing rapidly.

This year, Bitakayena maintains his upbringing very well. So far, the price of Bitcoin has increased by more than six-fold. Only mid-September has so far increased the prices of bit coins, more than double.

Note that Bitcoin is a sign currency traded through Open Source Cryptographic Protocol. Bitcoin transactions do not require financial institutions, regulatory bodies, or fixed houses. In 2008, Satoshi Naakamoto introduced this coin.

Since no financial institution needs to be done to complete the transaction of Bitcoin and its transaction movements can not be followed in any way. Bitcoin is becoming increasingly popular in many places around the world. Apart from legal products transactions, the use of bitcoin in drug smuggling and money laundering has increased alarmingly. Although Bitcoin has gained popularity as a digital currency, many people criticize it due to its high degree of price fluctuations, scarcity and limited use of business against international currencies.