Bitcoin, ethereum rise as Venezuela launches digital currency

An advertisement for bitcoin and cryptocurrencies. Photo: Reuters

Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital currency kicks into gear and the US Federal Reserve chair said he has no intentions of banning crypto.

Bitcoin (BTC-USD) was up roughly 3% to trade at $44,537 (£33,108) while Ethereum (ETH-USD) the world’s second largest crypto by market cap was up 2.3% to trade at $3,074.

Venezuela had…


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