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The introduction of Litecoin, another electronic online currency, is adding to investor appetite as the rolling out of blockchain infrastructure gets set to revolutionise the future of the financial sector. Bitcoin has been making gains since April and is rallying in London having risen over 33 per cent in 30 days, according to the Coindesk bitcoin price index. It comes after Price Waterhouse Coopers (PWC) and the World Economic Forum looked at how cryptocurrencies can be aided by distributed ledger technologies.

GETTY Bitcoin is leading the cryptocurrency market

It is better than currency because you don't have to be in the same place and of course for large transactions currency can be inconvenient Bill gates

Global regulatory challenges continue to affect the market with a test case before The US Securities and Exchange Commission (SEC) throwing up some new challenges. A bitcoin exchange-traded fund (ETF) proposed by Cameron and Tyler Winklevoss was declined by the US sector watchdog as Donald Trump looks at deregulating markets. However, the sector is gaining appeal, particularly in Japan, which legalised cryptocurrency as a payment method recently and is helping to get the yen involved.

GETTY France invented a cryptocurrency dispenser

Aurelien Menant, founder and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong says confidence is strong in Asia. Meanwhile, Microsoft founder and philanthropist Bill Gates is keen on distributed ledger technology. He said: "Bitcoin is exciting because it shows how cheap it can be, it is better than currency because you don't have to be in the same place and of course for large transactions currency can be inconvenient.” Bitcoin was created in 2009 and has a current Market Capitalization of $29,753,633,028.

How much is your money worth? Mon, October 2, 2017 Rare coins: This is what you should be looking out for in your wallet. Play slideshow Getty Images 1 of 17 A faulty £1 coin which has the 2016 date on one side and 2017 in micro-inscriptions around the edge of the reverse is worth £3,000