:Bitcoin, the world's largest cryptocurrency, hit a more than one-year high on Friday, capping a week of gains helped in part by BlackRock's plans to create a bitcoin exchange-traded fund despite heightened U.S. regulatory scrutiny on the digital asset sector.
The moves have revived investor interest in cyptocurrencies, which have been in the doldrums after a series of crypto company meltdowns including the sudden collapse of exchange FTX late last year. "The dark clouds overshadowing crypto have lifted in recent days amid a burst of institutional interest," said Kate Laurence, general partner of Bloccelerate VC, which invests in crypto projects.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »