As bitcoin reaches a new record price, the German central bank has warned people against buying the cryptocurrency, dismissing its stability.While blockchain technology is more likely to pique the interest of financial institutions these days than bitcoin (from which it spawned), the cryptocurrency is in the midst of a major resurgence.At the beginning of 2017, bitcoin’s price notably surpassed the $1,000 mark amid global currency instability in the wake of US president Donald Trump’s election and Brexit.In the months that followed, this figure continued to grow and last week, it had jumped again to $1,500.Now, despite once being considered as the currency for illegal trade, bitcoin has surpassed many expectations to achieve a new high of $1,700.According to Reuters, at its height, bitcoin was trading at $1,749.It marked a 6pc increase on 9 May alone, achieving an 80pc rise overall so far this year, with a market capitalisation of $52.5bn.The reason for its surge is believed to be the result of an influx of new capital in the space, but also its introduction into the investment sector and wider acceptance among retailers online.

More than 40 blockchain start-ups are understood to be leading the cryptocurrency’s growth through ‘initial coin offerings’ – similar to IPOs – allowing them to sell bitcoin tokens to raise capital through public auctions.Arthur Hayes, chief executive of bitcoin trading platform BitMEX, said: “For the first time in financial history, founders can access capital from both large and small investors armed with nothing more than a slick website.” However, state banks have been considerably more cautious in supporting bitcoin, fearing any possible destabilisation of established currencies.Following bitcoin’s latest record price, a board member of Germany’s central bank has warned people to stay away from buying any until this frenzy dies down.According to Handelsblatt Global, Carl-Ludwig Thiele told the newspaper Welt am Sonntag: “Bitcoin is a means of exchange which is not issued by a central bank, but by unidentified actors.I do not see it as a currency.” “If you think bitcoin would be as safe as the euro or the dollar, you have to take responsibility for it.

We can only warn people not to use the bitcoin to preserve purchasing power.” At the time of writing, the price of bitcoin has risen once again to $1,788.02.BattleNet Games Best Products 2016 CSGO Skins Dota 2 EA Games Game Keys Gamecards GOG Keys H1Z1 KotK Skins iTunes Nintendo Playstation Network PUBG Skins Rust Skins Software Steam Games Steam Trading Cards Unturned Skins Uplay Games VR Games Xbox Live FIFA Coins - FUT Coins - PS4 - FUT Coins - PS3 - FUT Coins - Xbox One - FUT Coins - Xbox 360 - FUT Coins - PC - FUT Coins - iOS - FUT Coins - Android - FIFA Points - FUT Coins - Sell - FUT Accounts - Sell World of Warcraft Aion Albion Online ArcheAge ASTA Online Battlefield 1 Black Desert Blade & Soul Boom Beach Clash of Clans Clash Royale Dark Age of Camelot Darkfall: Rise of Agon Dark Souls 3 Destiny Devilian Diablo 3 Dragon's Prophet Elder Scrolls Online ELSword EVE Online Final Fantasy XIV Reborn Forza Horizon 3 Guardians of Ember Guild Wars Guild Wars 2 Hay Day Heroes of the Storm League of Legends Lord Of The Rings Online Maple Story Mesos MARVEL Contest of Champions NBA 2K17 Neverwinter NFL Madden Coins NHL 17 Coins Order & Chaos Online Overwatch Path of Exile Pok�mon GO Racing Rivals Revelation Online Riders of Icarus Rift Rocket League Royal Quest Runescape Silkroad-R Star Trek Online Star Wars The Old Republic Summoners War TERA Fate of Arun The Division The Secret World Tibia Tree of Savior Trove Twin Saga Wildstar World of Warcraft - Nostalrius Zone4 Guides More Online Games Select Game FIFA Coins PC FIFA Coins PS3 FIFA Coins 360 FIFA Coins iOS FIFA Coins One FIFA Coins PS4 FIFA Coins Android World of Warcraft Gold Age of Conan Gold Aion Kinah Albion Online Gold Albion Online Silber ArcheAge Gold ASTA Online Gold Blade & Soul Gold Dark Age of Camelot Platinum Darkfall: Rise of Agon Gold Dark Souls 3 PS4 Devilian Gold Dofus Kamas Dragon's Prophet Gold Elder Scrolls Online PC Elder Scrolls Online 4 Elder Scrolls Online One ELSword ED EVE Online ISK Final Fantasy XIV Reborn Gil Forza Horizon 3 Credits Guardians of Ember Gold Guild Wars Platin Guild Wars Ectos Guild Wars Keys Guild Wars Shards Guild Wars 2 Gold Guild Wars 2 Ektoplasma Heroes of the Storm Account League of Legends Account Lineage 2 Adena Lord Of The Rings Online Gold Maple Story Mesos Mesos MARVEL Contest of Champions Units Neverwinter Astraldiamanten NFL Madden Coins PS4 NFL Madden Coins One NFL Madden Coins iOS NFL Madden Coins Android Neverwinter One Neverwinter PS4 NBA 2K17 PS4 NBA 2K17 One NBA 2K17 PC NBA 2K17 iOS NBA 2K17 Android NBA 2K17 RP Order & Chaos Online Gold Order & Chaos Online Boosting Pok�mon GO Account Racing Rivals Cash Revelation Online Coins Riders of Icarus Gold Rift Platin Rocket League PC Rocket League PS4 Royal Quest Gold Runescape Gold Runescape Gold Runescape School Silkroad-R Gold Star Trek Online One Star Trek Online Credits Star Trek Online Keys Star Trek Online PS4 Star Trek Online One Star Trek Online PS4 Star Wars The Old Republic Credits TERA Fate of Arun Gold The Secret World Romana) Tibia Gold Tree of Savior Silver Trove Flux Trove Glim Twin Saga Gold Wildstar Gold World of Warcraft - Nostalrius Gold Zone4 Zeny Select Product FUT Coins - PS4 FUT Coins - PS3 FUT Coins - Xbox One FUT Coins - Xbox 360 FUT Coins - PC FUT Coins - iOS FUT Coins - Android FIFA Points FUT Coins - Sell FUT Accounts - Sell Version Please select FIFA 14 FIFA 15 FIFA 16 FIFA 17 Delivery Type Please select FIFA 17 FIFA 16 FIFA 15 FIFA 14 FUT Coins - PS4 Possible types of delivery: FIFA 17/16 Player auctionHere you sell one of your players to the price of the maximum price range.ubuntu run bitcoin server