Bitcoin hit a fresh record above $47 000 on Tuesday after Tesla’s announcement of a $1.5-billion investment in the largest cryptocurrency.
Browsing: Bitcoin
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.
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.
Ethereum hit an all-time high on Thursday as investors bought the cryptocurrency before the launch of ethereum futures on the Chicago Mercantile Exchange next week.
Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency.
Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla CEO Elon Musk tagged the cryptocurrency in his Twitter biography.
The Financial Sector Conduct Authority wants more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies after the collapse of a bitcoin trader.
Bitcoin’s price could exceed $50 000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL.
Ether, the second biggest crypto asset after bitcoin, hit its previous all-time high of US$1 400 this month and is trading at 130 times its price of four years ago. Astonishingly, the rally may be far from over.