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If you’re stuck for a gift idea, there’s always bitcoin! Or perhaps not
What do you buy the person who has everything? How about bitcoin, the cryptocurrency that has hardly been out of the headlines in the past few weeks? Of course there is a problem, and that is that a surge of interest has seen its price increase by a factor of 17 this year and by more than 15% last week alone.
But if you are really determined to take part in the volatility, there are other ways. Part of last week’s interest came because bitcoin effectively entered the mainstream, with the Chicago Board Options Exchange launching contracts allowing investors to bet on the future price of the currency. This weekend, Chicago-based CME follows suit, albeit with higher margin requirements – how much investors have to set aside as collateral – than its rival’s.
from Technology | The Guardian http://bit.ly/2kCGE4e
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