Bitcoin surged past $10,000 on Wednesday after Fed Chair Jerome Powell said the central bank was exploring a digital currency.
“Every major central bank is currently taking a deep look,” Powell said on Tuesday, although he emphasized the value of the US dollar.
Bitcoin jumped 5% to a five-month high as Wuhan coronavirus fears boosted demand. 
The “halving” event in May will also halve bitcoin payouts to miners.
Visit Business Insider’s homepage for more stories.

Bitcoin jumped 5% to over $10,300 — a five-month high — on Wednesday after Federal Reserve Chair Jerome Powell said the central bank was exploring a digital currency.

“Every major central bank is currently taking a deep look,” Powell said at a Congressional hearing on Tuesday. “We feel that’s our obligation, technology has now made that possible. I think it’s very much incumbent on us and other central banks to understand the costs and benefits and tradeoffs associated with a possible…

Continue reading…

Trending stories from over 100 sources, YouTube and Twitter
Our archive contains 161,201 news items. 628 articles added this week.