Bitcoin climbed to 7.9 percent on Thursday morning, surpassing $ 14,000, extending this month's advance to more than 40 percent. The price of the cryptocurrency touched $ 14,399.99 (£ 10,764), a record, according to Bloomberg prices.
ASX, the main operator of shares and derivatives trading in Australia, said on Thursday that it will start using blockchain to process capital transactions. Blockchain is the accounting software that makes bitcoin and other cryptocurrencies possible, and Digital Asset, the startup managed by the former banker of JPMorgan Blythe Masters, will supply the technology.
Blythe Masters tells the banks that blockchain will change everything.
Bitcoin also received a boost from a successful Lightning Network trial, which promises to provide a new form of bitcoin payment. The technology would move some transactions away from the chain of blocks allowing buyers and sellers to make private transactions and then transmit their activity to the public network. Supporters say it will ease the ongoing congestion that plagues bitcoin.
On Wednesday, the three companies behind the technology – Lightning Labs, Blockstream and ACINQ – successfully made multiple payments. This is the first time that his system has been used in the real Bitcoin blockchain, according to Elizabeth Stark, director of Lightning Labs. She said that this paves the way for testing with outside companies.
"We had already done some tests on the main network, but this was the first payment in the chain of bitcoin blocks in all implementations," Stark said in an email. "What is at stake is quite greater when it comes to launching for the main bitcoin network."
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The price of bitcoin cash fell after the news, falling 7.4 percent to $ 1,321, according to Bitfinex prices. The rival offers a separate solution to the problem of bitcoin congestion.
The latest price movement of Bitcoin will add to a chorus of detractors who say that the speculative frenzy is a bubble of assets waiting to explode. The largest cryptocurrency by market value has shot up from less than $ 1,000 at the beginning of the year, more than 1,300 percent.
Cboe Global Markets has said it will start trading bitcoin futures on December 10, while CME contracts will be set to debut on December 18. Nasdaq plans to offer futures in 2018, according to a person familiar with the matter. Cantor Exchange of Cantor Fitzgerald LP is creating a bitcoin derivative, and the startup LedgerX already offers options.