30 May '17, 9am

Move over bitcoin - there's a new kid on the blockchain

Move over bitcoin - there's a new kid on the blockchain

Bitcoin move over - there's a new kid on the blockchain By business reporter David Chau Updated May 31, 2017 10:54:10 Photo: The cryptocurrency market has rallied threefold and is now worth $101 billion - with bitcoin's share being almost half. (Retuers: Andy Clark) Map: Australia 0The digital currency bitcoin has broken new records - surging by more than 245 per cent since the start of the year. Key points: Total cryptocurrency market is worth $US75b (or $101b) The top ten currencies (including bitcoin and ethereum) have a 94 per cent market share Government will make changes to GST so bitcoin transactions are not double taxed In just five months, the price of one bitcoin rose from $1,337 (US$997.69) to its all-time-high of $3,704 (US$2,766.56) on May 25. People buy bitcoins for all sorts of reasons. They range from those seeking to invest in safe haven assets in the face...

Full article: http://www.abc.net.au/news/2017-05-30/bitcoin-cryptocurre...

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