Mastercard is planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
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Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric car maker’s backing of bitcoin could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
Elon Musk’s decision to invest US$1.5-billion of Tesla’s cash in bitcoin is financial dynamite that unites two speculative bubbles. There’s plenty to suggest the move is inadvisable
Apple has a “clear opportunity” to offer a buying and selling mechanism for cryptocurrencies, according to a research report on Monday from RBC Capital Markets.
Bitcoin hit a fresh record above $47 000 on Tuesday after Tesla’s announcement of a $1.5-billion investment in the largest cryptocurrency.
Tesla said on Monday it had invested about $1.5-billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future. The cryptocurrency surged to a new record high.
Dogecoin, the tongue-in-cheek cryptocurrency featuring a Shiba Inu dog as a mascot, briefly touched a record on Monday after billionaire Elon Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about it.
Some people are laughing through gritted teeth at Elon Musk’s tweets promoting dogecoin – the joke may ultimately be on all of crypto.
German prosecutors have confiscated more than €50-million worth of bitcoin from a fraudster. There’s only one problem: They can’t unlock the money because he won’t give them the password.
Cryptocurrency dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”.