Cyprus Mail
Business Cryptocurrencies International

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.


Related posts

Asking prices for UK homes rise in unison for 1st time in 14 years

Reuters News Service

UK finance chiefs fear supply chain drag for at least another year

Reuters News Service

For Britain’s chicken farmers, Brexit and COVID brew a perfect storm

Reuters News Service

Ford to invest around $300 million to build electric car parts at UK plant

Reuters News Service

Why earn interest on Ethereum?

CM Guest Columnist

Select the most appropriate sales management software