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Bitcoin jumps to one-week high above $58,000

Reuters Bitcoin Password Story

Bitcoin jumped to a one-week high on Monday, rising as much as 4.5% to $58,300 and nearing a record high above $61,000 hit earlier this month.

Visa Inc said earlier it would allow the use of cryptocurrency to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.

Elsewhere in Bitcoin news, a  U.S. court ordered a British man to pay more than $571 million for operating a fraudulent bitcoin trading scheme, the Commodity Futures Trading Commission said on Friday.

The March 2 order by the U.S. District Court for the Southern District of New York stems from an investigation into a website used by Benjamin Reynolds, purportedly of Manchester, to solicit bitcoins from customers with a promise of guaranteed profits, the CFTC said in a statement.

 

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