Bitcoin reaches all-time high on optimism over Trump crypto plans

Bitcoin's march toward 100 thousand U.S. dollars made further ground on Thursday, as investors bet on a softer regulatory approach to cryptocurrencies under President-elect Donald Trump.

Bitcoin prices reached a historic high of 98 thousand dollars Thursday and have since been trading up and down that threshold.

The cryptocurrency's price has more than doubled this year. In the past two weeks alone, it has risen about 44 percent following Trump's U.S. presidential election victory and the election of several pro-crypto lawmakers to the U.S. Congress.

China's Ministry of Public Security on Thursday declared that all large-scale telecom fraud centers located near the China-Myanmar border in northern Myanmar had been wiped out.

Over 53,000 Chinese nationals suspected of telecom frauds have been arrested with cooperative efforts from Chinese and Myanmar police since the ministry launched a crackdown on telecom frauds in northern Myanmar last year, the ministry said in a statement.

In a coup on Sunday, 1,079 telecom fraud suspects were arrested in northern Myanmar's Tangyan area for the first time, the suspects were caught during a joint operation by police of southwest China's Yunnan Province and local law enforcers of Myanmar.

All of the 763 Chinese citizens among the suspects, including 69 online fugitives, have been handed over to China through the land port of Cangyuan in Yunnan on Tuesday, the ministry said, calling the operation another breakthrough in the crackdown campaign.

According to the statement, China's public security bodies will continue to maintain high pressure in the crackdown on cross-border telecom fraud, especially in areas where scam dens are concentrated.

Vowing to strengthen law enforcement cooperation between the police of China and Myanmar, the ministry warned the public against recruitment information about high-paying jobs overseas, as it might deceive them into crimes.