Chennai: Notwithstanding the reticent mood of RBI in recognizing crypto-currencies, almost all of them are on rampage with bitcoins leading the charge. Bitcoin , the largest cryptocurrency being traded globally, hit a record-high of $12,000 for the first time on Wednesday. See, today's trading highs were not because of bitcoin regulars, it was because of interest from investors, who traditionally traded in other asset classes. IOTA's rally comes as biggies like Microsoft and Samsung announced a partnership with its network.Industry officials attribute geo-political angle for the surge. "Several governments have either legally recognised cryptocurrencies or have announced that they will come up with a legal framework (like Singapore and Gibraltar)," said Iyer.

Source: Times of India December 06, 2017 19:07 UTC