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Inside Bitcoin (Dec 1st, 2017)

$BTC (2:09 PM EST): $10,665.00 (8.65%)

90-day high: $11,418.10 // 90-day low: $3,239.15 // More



$BCH (2:10 PM EST): $1,441.86 (11.80%)

90-day high: $2,050.08// 90-day low: $275.90 // More


$ETH (2:10 PM EST): $460.24 (6.94%)

90-day high: $516.85// 90-day low: $198.72 // More


$LTC (2:10 PM EST): $95.37 (15.28%)

90-day high: $103.48// 90-day low: $37.87 // More

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Coinbase has hired Asiff Hirji, a former top executive at Hewlett Packard and TD Ameritrade, to be its president and COO. Coinbase was appraised at $1.6 billion in August and features more than 13 million users. “It’s a huge hire for us,” says Brian Armstrong, CEO and co-founder of Coinbase. “This is going to give us a ton of leverage to grow our existing businesses.” Hirji most recently advised companies at Andreessen Horowitz, a Silicon Valley venture capital firm. -FORTUNE

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Bitcoin has the look of one of the biggest financial bubbles of all-time. Birinyi Associates studied bitcoin against 10 large financial bubbles and found that the cryptocurrency’s rapid growth has exceeded many of them. That includes Nasdaq in the late 1990s, the Dow in the roaring 1920s and silver in the late 1970s. Bitcoin was the third largest of the 10 studied, behind an 18th-century French financing scheme around the development of the Mississippi Valley, known as the Mississippi bubble, and the one-day 31 percent surge in Qualcomm in December, 1999. -CNBC

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The number of bitcoin investors from India has risen sharply in the past few weeks. Sandeep Goenka, co-founder of Zebpay, said the number of owners of bitcoin from India has increased 300,000 to 400,000 in the past few months. There were only about 150,000 owners in June and July, he said. “The extent of interest in Bitcoins is at unprecedented levels,” he said. “Every time prices increase, investors who were sitting on the fence and were skeptical do enter the ecosystem. This time it almost feels like mainstream adoption, something I have never experienced before, because now we are seeing interest coming in from even the conservative investors.” –COIN TELEGRAPH

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A new TrueBit protocol will be released for ethereum this month that removes the “gas limit” on the network. The protocol will remove the limit of computations the network has currently set. TrueBit works to make the entire network operate faster, speeding up transactions in the process. Most solutions aimed at improving the scalability of ethereum and other cryptocurrencies focus on simply improving the transactions' speed. "In short, the new scheme would be a vast simplification of the current TrueBit protocol," said Zack Lawrence, the co-founder of 1protocol, who developed the technology. -COINDESK

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CME Group’s bitcoin futures product will officially launch on December 18 after the company self-certified its initial listing. There has been speculation as to when the contract would launch after CME announced it last month. CME initially believed it could have the contract launched by December 12. "I think it is going to enable finally the approval of bitcoin ETFs, and other digital currency ETFs, which is game-changing," Barry Silbert, founder and CEO of Digital Currency Group. The price of bitcoin responded favorably to the news, jumping more than 6 percent to climb back above $10,000 per coin. -CNBC

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