“If it really succeeds, there’s no reason to think the price couldn’t rise to $1 million in 10 years. But as an attorney who represents many early adopters of the cryptocurrency, he expects bitcoin to stabilize after some growing pains. On Monday, the agency’s new cyber unit froze the assets of Canadian cryptocurrency firm PlexCorps during its initial coin offering — a sort of IPO for cryptocurrencies. Last month, accounting firm PwC said it had started accepting bitcoin as payment for services. E-commerce firm Overstock.com Inc. began accepting bitcoin as a form of payment in January 2014.

Source: Los Angeles Times December 08, 2017 00:33 UTC