Bitcoin continued its surge Friday morning, rising by nine per cent to $60,196 (US$47,536) — its highest level in 12 days. The most recent gains, representing a $4,520 jump since closing on Thursday night, comes after U.S.
Federal Reserve Chairman Jerome Powell said he has no intention to ban cryptocurrencies. When asked in a House Financial Services Committee meeting on Thursday by House Representative Ted Budd (R-N.C) if he was looking at imposing similar restrictions like China to ban or limit cryptocurrency, Powell said “No.” “(I have) no intention to ban them,” he said. Read more: Bitcoin price sinks as China cracks down on cryptos, declares all transactions illegal While Powell seems to want a hands off approach to Bitcoin and