Bitcoin jumped above $10,000 on Thursday, as a slew of major digital currencies extended Wednesday’s rally and regulatory fears subsided. Messy stacks of physical silver and gold Ethereum coins.
(Photo: Getty Images) The price of the world’s best-known cryptocurrency surged above $10,000 on Thursday, on Coinbase, the largest U.S. marketplace for buying major cryptocurrencies. A number of other major cryptocurrencies, including ethereum, ripple, bitcoin cash and litecoin were also higher Thursday.
On Wednesday, litecoin got a major boost from news that a payments processor for the digital asset, called LitePay, is set to launch later this month. South Korea appeared to soften its attitude toward cryptocurrencies this week, with one report suggesting that the government is looking at the possibility of a cryptocurrency exchange licensing system.
The licensing system could be similar to that of New York’s “BitLicense” system, which provides firms handling virtual currencies a license to operate, according to the report. Israel’s diamond exchange is turning to digital currencies to inject life back into an industry rocked by wavering demand.
But for the plan to succeed, a marketplace long ruled by cash and backroom handshakes must embrace a highly volatile technology. David Pollard reports. Read more from usatoday.com…
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