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
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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.
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.