Business Technology

Saturday 15 December 2018

Bitcoin rises above $6,300 as New York approves dollar-linked digital currencies

Bitcoin arose in the wake of the 2008 financial crisis. Photo: Bloomberg
Bitcoin arose in the wake of the 2008 financial crisis. Photo: Bloomberg
Independent.ie Business Desk

Independent.ie Business Desk

Bitcoin briefly climbed above $6,300 on Monday after New York state's Department of Financial Services approved Gemini Trust Company's and Paxos Trust Company's dollar-linked digital currencies, the first stablecoins to get the nod from the regulator.

At 9:24 a.m. (1324 GMT), the world's biggest and best known virtual currency was up 0.58 pct at $6,268.50 on Luxembourg-based Bitstamp exchange.

More to follow...

Online Editors

Business Newsletter

Read the leading stories from the world of Business.

Also in Business