Many people associate cryptocurrencies with profiteering and speculation.

Bitcoin was the first decentralized virtual currency without a regulatory or administrative system or a central bank.

Bitcoin prices reportedly reached a high of $11,000 but dropped back to approximately $10,800 shortly thereafter, which is still a remarkable growth.

This was reported by Scam Alert alongside Whale Alert via its new 'crime reporting, tracking and analysis' platform.

Even renowned hedge fund manager Paul Tudor Jones believes a bullish turnout is in the making for Bitcoin.

Big Blue is part of the team that will help develop a blockchain network to trace prescription drugs.

It's hard to imagine what the future of cryptocurrency will look like in a year's time but the sector is professionalizing quickly.

We have to treat blockchain as a precious commodity so we don't damage it before it can show its value.

Increasing currency volatility rings alarm bells and calls existing monetary system into question.