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Bitcoin was trading 7.87% higher on Thursday morning.<\/p>\n
The price was around $54,552 per coin, while rivals Ethereum and Dogecoin were trading around $3,590 (+6.58%) and 24.9 cents (+2.03%) per coin, respectively, according to Coindesk.<\/p>\n
Bitcoin is the world's biggest and best-known cryptocurrency. It is up 98.9% from the year's low of $27,734 on Jan. 4, a Reuters report said.<\/p>\n
BARSTOOL'S PORTNOY ON JPMORGAN'S DIMON'S SKEPTICISM OF BITCOIN: 'IT'S NOT GOING ANYWHERE'<\/p>\n
Coindesk reported the Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is analyzing whether certain stablecoins might be eligible for its coverage, five people familiar with the agencys thinking said.<\/p>\n
Bitcoin was trading 7.87% higher on Thursday morning.<\/p>\n
The discussions are only in the preliminary stage and its not clear what the timetable would be for making any policy decisions or how such changes would be communicated.<\/p>\n
The FDIC is trying to analyze what so-called pass-through FDIC insurance might look like for the reserves stablecoin issuers hold at banks, the sources said. Such coverage would insure holders of the tokens against losses up to $250,000 if the bank holding the collateral were to fail, Coindesk reported.<\/p>\n
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The FDIC is also looking at what regular, direct deposit insurance might look like for banks that want to issue stablecoins, people familiar with the discussions said.<\/p>\n
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