Cryptocurrencies
Bitcoin Climbs Back Above $10,000
- Circle purchase of Poloniex exchange adds to optimism
- Digital tokens seen benefiting from end of Chinese New Year
Bitcoin: What’s Coming in the Year Ahead
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Bitcoin climbed back to $10,000 as the purchase of one of the bigger digital token exchanges by a more established financial services company bolstered expectations for wider mainstream acceptance of cryptocurrencies.
Circle Internet Financial Ltd., a closely held firm backed by Goldman Sachs Group Inc., said it acquired Poloniex Inc., the 14th largest digital-token exchange. Terms of the agreement weren’t disclosed. Fortune magazine reported earlier that the deal was for about $400 million, citing an unnamed person familiar with the transaction.