Bitcoin climbs above $3,400, headed for biggest daily rise in nearly three weeks
18 Dec 2018 9:41 AM IST18 Dec 2018 9:41 AM IST
In the last three months Bitcoin has fallen nearly 50 percent.
Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.
Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.
The original cryptocurrency jumped as much as 11 percent on the Bitstamp platform and was headed for its biggest daily rise since Nov. 28.
Bitcoin has fallen around 80 percent from its record high last December. In the last three months it has fallen nearly 50 percent.
( Source : reuters )
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