Bitcoin blew through another milestone, surging past $50 000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide.
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Mirror Trading International was the world’s biggest crypto scam of 2020, having roped in R8.6-billion worth of bitcoin across 470 000 transactions, according to a report by Chainalysis.
Bitcoin hit a new record high $60 shy of $50 000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously.
Bitcoin pulled back from a record high on Monday and other cryptocurrencies slipped, as investors took profits from a record-breaking rally that had pushed bitcoin close to $50 000.
Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies.
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.
Promoted | Crypto has outperformed all other asset classes in recent years but it’s not just a story of bitcoin’s growth.
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.