Bitcoin climbs anew away from three-week lows

Bitcoin rose on Wednesday after a hiatus from gains yesterday, on track for the second profit in three days away from three-week lows, while investment demand improved relatively following some positive news. 

At Bitstamp, Bitcoin rose $39, or 1.1% to $3,615, with an intraday high at $3,630, and a low at $3,570. 

Bitcoin shed 2.4% on Tuesday after a 4.2% increase on Monday away from three-week lows at $3,476. 

Market value of cryptocurrencies rose over $2 billion on Wednesday to a total of $122 billion. 

In Malaysia, the finance ministry announced the new regulations for cryptocurrencies and ICOs have become effective starting January 15. 

The regulations stipulate the need for an official license for crypto service providers and exchanges, with official authorities working with the central bank to ensure the following of the new rules. 

Otherwise, Binance has decided to expand in European markets by launching a new platform that uses European currencies in crypto exchanging. 

The company will launch a new platform called Binance Jersey to trade cryptocurrencies such as Bitcoin and Ethereum versus euro and sterling.