Bitcoin and Blockchain News Dec 11, 2015

Bitcoin Price Rockets To One-Year High on Record Volumes -

The price of bitcoin has hit its highest level in the last year, trading at $436 and climbing at press time, according to the CoinDesk Bitcoin Price Index. Bitcoin has gained an astonishing $115 or 36% over the last four days. It was changing hands for $320 a coin on 8th December.

Joon Ian Wong / Dec 11, 2015 01:50 pm

ANX CTO: Bitcoin's Scalability Issue is a 'Red Herring' -

During a talk at Finnovasia 2015, ANX CTO Hugh Madden said he believes concerns about the bitcoin blockchain's ability to scale are a "red herring". The comments notably follow the two-day Scaling Bitcoin conference at which bitcoin's development community discussed technical issues related to the bitcoin protocol.

Pete Rizzo / Dec 11, 2015 04:40 am

Deutsche Bank Research: Bitcoin Isn't Eliminating Intermediaries -

A new Deutsche Bank Research report suggests the bitcoin network is in some ways failing to live up to its original vision. Released on 9th December, the paper notes that the bitcoin ecosystem now includes financial intermediaries despite the fact that it was created to be a decentralized peer-to-peer cash system.

Pete Rizzo / Dec 11, 2015 02:19 am