The worth of Bitcoin, the world’s largest cryptocurrency, has managed to prime the $17,000 benchmark as soon as once more.
At press time, the bellwether cryptocurrency is altering palms at $17,204 on the Bitstamp cryptocurrency trade.
Bitcoin is up greater than 4% from its 2023 low of $16,496 that was recorded on Jan. 1.
The latest value enhance comes amid the deepening cryptocurrency disaster that has been exacerbated by the latest controversy surrounding Barry Silbert’s Digital Forex Group.
The cryptocurrency big is reportedly below investigation by U.S. authorities. DCG’s inner transfers look like the main focus of the probe that might portend one other black swan occasion for the cryptocurrency market. For now, the authorities are but to carry an indictment towards Silbert’s crypto empire.
As reported by U.Right this moment, Silbert lately had a bitter spat with Gemini co-founder Cameron Winklevoss, with the latter accusing “the crypto king” of partaking in “dangerous religion ways” concerning the $900 million Genesis, a DCG subsidiary, owes to Gemini Earn clients.
Silbert has downplayed the accusations, however there’s nonetheless loads of uncertainty surrounding DCG.
As reported by U.Right this moment, DCG lately moved to close down its wealth administration unit.
Within the meantime, billionaire Mark Cuban lately predicted that one more cryptocurrency scandal might shock the trade within the close to future.