Investing.com – Cryptocurrencies continued their rebound as most major digital currencies traded higher on Wednesday.
Bitcoin was trading at $10,915.0 by 12:30am ET on the Bitfinex exchange, jumped 5.91% over the previous 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, gained 1.1% at $883.04 on the Bitfinex exchange.
Ripple’s XRP token was up 0.6% to $0.93334 on the Poloniex exchange.
Meanwhile, Litecoin also gained 1.0% to $219.35.
Reports that suggested self-proclaimed creator of bitcoin Craig Wright was being sued gathered some attention. Wright allegedly stole $5 billion worth of cryptocurrencies and other assets from his former partner Dave Kleiman, who passed away in 2013 after a motorcycle accident.
The reports cited a lawsuit filed earlier this month in the U.S. that alleged the Australian entrepreneur used a computer-generated signature to lay claim to bitcoins mined by his partner.
Elsewhere, China regulators were reportedly planning to scrutinize individuals and companies involved in banking and online-payment businesses suspected of facilitating trades on offshore cryptocurrency venues.
The accounts’ owners could have their assets frozen or be blocked from the local trading system, the reports said, adding that such measures are designed to eliminate the few remaining ways for Chinese citizens to buy digital assets, as some local firms have reportedly opened offshore platforms recently to enable Chinese citizens to buy cryptocurrencies through local banks and online-payment accounts.