Bitcoin on Fire

Bitcoin on Fire
Bitcoins. KAREN BLEIER/AFP/Getty Images
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For those not familiar with blockchain technology, bitcoin is just bits and bytes being traded for real dollars. However, a new development will make the most popular cryptocurrency more and more mainstream.

The cryptocurrency is up more than 30 percent since the beginning of the year.
The cryptocurrency is up more than 30 percent since the beginning of the year.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.