That is not a typo folks, on the evening of August 12th, 2017, Bitcoin officially surpassed the $4,000 threshold and shows no signs of slowing down, boosting the overall market of all cryptocurrencies to well beyond $134 billion. Bitcoin’s growth in value can be traced to Japan, as they represent 46% of all Bitcoin transactions on the market today.
Ethereum is down 2.5% today and Microsoft released their Confidentiality Consortium Framework (coco), an Ethereum-based protocol which commercial companies and large-scale organizations will be able to utilize to process information on the Ethereum Blockchain with increased privacy.
In an official announcement, Mark Russinovich, the CTO at Microsoft Azure, the company’s cloud computing arm, said:
“Coco presents an alternative approach to ledger construction, giving enterprises the scalability, distributed governance and enhanced confidentiality they need without sacrificing the inherent security and immutability they expect.”
These advancements in corporate adoption of the Ethereum based protocol will inevitably drive the price of ether north.
Crypto Answers is also pleased to announce our newly found partnership with Crypto Prospective – what we consider to be a big leap forward in helping to bring our viewers, listeners and readers the latest in cryptocurrency and blockchain news, resources, and mission-critical intel. Crypto Prospective is our new lead correspondent and we would like to give him a warm welcome and round of virtual applause.
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