CryptoWatch: Bitcoin prices climb; Gemini obtains insurance for its digital assets

Cryptocurrency prices were trading higher Thursday, attempting to regain Wednesday’s losses that took bitcoin, the world’s largest digital currency, to a 10-day low toward $6,400.

A single bitcoin BTCUSD, -0.12% was changing hands at $6,554.46, up 1.5% since Wednesday at 5 p.m. Eastern Time on the Kraken exchange.

Late Wednesday, Gemini Trust Company, the digital asset exchange co-founded by Cameron and Tyler Winklevoss, said it had obtained insurance for its digital assets. “Gemini was approved for coverage after successfully demonstrating to underwriters that the company is a leading, best-in-class exchange and custodian,” a news release said.

>>> Original Source <<<