The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin Friday as it hit the new level, and rose above $55,000 later in the session for a daily gain of more than 6%, according […]
Bitcoin rose above $50,000 for the first time Tuesday as corporate heavyweights increasingly back the world’s most popular virtual currency. It has risen around 72pc so far this year. Most of the gains came after electric carmaker Tesla said it had bought $1.5 billion in bitcoin. Bitcoin has been on a rise since March last […]
Bitcoin powered to a record high on Tuesday, approaching the $50,000 mark, basking in the afterglow of Elon Musk-led Tesla’s investment in the cryptocurrency that had investors believing it may become a mainstream asset class. The most popular cryptocurrency has gained 1,150 percent since its March 2020 lows; as institutional investors searched for alternative investments […]
Tesla, an electric car company, invests $1.5 billion in bitcoin on Monday, February 8, 2021, gives a big vote of confidence to the cryptocurrency. Consequently, the prices of the crypto hit the record, reaching a new high of all time, setting it as a relatively more stable currency now. The automaker announced this on Monday […]
Frankfurt: German prosecutors have confiscated more than 50 million euros ($60 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. The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed […]
Bitcoin fell heavily on Friday and was heading towards its sharpest weekly drop since last March, as worries over its technology and regulation extended a pullback from recent record highs. The world’s most popular cryptocurrency fell more than 5 percent to an almost three-week low of $28,800 in the Asia session, before steadying around $30,000. […]
