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Bitcoin price continues surge as Fed chairman says ‘no intention to ban’ cryptocurrency

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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

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Southern Ontario highway partially closed due to convoy demonstrations: police - globalnews.ca - Usa - Canada - city Detroit - county Windsor
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Southern Ontario highway partially closed due to convoy demonstrations: police
convoy demonstrations against COVID-19 measures.Police said the westbound lanes of the highway at Nauvoo Road have been shut down due to “high traffic volumes” from “freedom convoy” demonstrators.Drivers in the area are being asked to follow emergency detour route signage. Windsor-Detroit Ambassador Bridge access resumes after trucker protest blocked traffic “The OPP respects the right of everyone to freedom of expression and peaceful assembly,” police said.“The OPP asks everyone to be patient and respectful of each other despite potential inconvenience.”The closure is approximately 45 km away from the Blue Water Bridge crossing between Canada and the United States in Sarnia, Ont.It’s not clear if that’s where convoy demonstrators are intending to go.Part of Highway 402 was blocked on Sunday as well due to convoy demonstrations. Police have redirected commercial traffic to the Bluewater Bridge in Sarnia, Ont., and urged motorists to avoid the area around the Ambassador Bridge in Windsor, Ont.There, a protest against COVID-19 measures is blocking Canada-bound vehicles from crossing the Ambassador Bridge between Windsor, Ont., and Detroit for a third day.More to come.— With files from The Canadian Press#LambtonOPP have implemented a closure of westbound Highway 402 at Nauvoo Road to ensure public safety.
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