Bitcoin soaring

Bitcoin hit another all time high on Wednesday breaking the $2,400 dollar mark, today it's been trading over $2,700. Chances are good there might be a little correction, but for the time being Bitcoin is soaring high and proving a lot of people wrong. Reuters has the story.

Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator.