Bitcoin , the world’s largest cryptocurrency, is on track to close out a banner year with another bang. The digital asset surged above $28,000 Wednesday to a record high, adding to its 47% rally so far in December, according to data compiled by Bloomberg. Bitcoin rose as much as 6.2% to $28,572.10 in Asia trading and is on track for its biggest monthly gain since May 2019. The Securities and Exchange Commission this month accused Ripple Labs Inc. and its top executives of misleading investors in affiliated token XRP. While Ripple plans to challenge the accusation in the courts, the development underscores the prospect of stricter oversight of digital assets.

Source: Mint December 30, 2020 08:31 UTC