Bitcoin rises above $6,300

As NY approves dollar-linked digital currencies

NEW YORK: Bitcoin briefly climbed above $6,300 on Monday after New York state’s Department of Financial Services approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the regulator.



At 9:24 am (1324 GMT), the world’s biggest and best known virtual currency was up 0.58 per cent at $6,268.50 on Luxembourg-based Bitstamp exchange.