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crypto market

The phenomenon of cryptoassets

The phenomenon of cryptoassets

Cryptoassets are the most noteworthy technology the world has witnessed over the last two decades. Bitcoin was first...
Published 27 Apr, 2022 05:19am
Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion
Markets

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion

  • The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
  • Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020.
Published 19 May, 2021 08:12pm
Bitcoin hits $60,000 in record high
Markets

Bitcoin hits $60,000 in record high

  • A $1.5 billion bitcoin bet last month by Tesla Inc saw Elon Musk's electric car company join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey's payments company Square Inc in swapping some traditional cash reserves for the digital coin.
  • Amid rising customer demand to own and invest in bitcoin, Goldman Sachs Group Inc. said this week that it is exploring how to serve those clients while remaining on the right side of regulation.
Updated 13 Mar, 2021 09:10pm
Bitcoin miner Cipher to go public via $2bn SPAC merger
Markets

Bitcoin miner Cipher to go public via $2bn SPAC merger

  • The deal will provide the merged entity with gross cash proceeds of $595 million, which includes $425 million from investors including Fidelity Management & Research Company and Morgan Stanley's Counterpoint Global.
  • Good Work, a special purpose acquisition company, or SPAC, raised $150 million through an initial public offering last year.
Published 05 Mar, 2021 06:12pm
Musk's bitcoin bet fuels gains in companies already invested
World

Musk's bitcoin bet fuels gains in companies already invested

  • Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.
  • The price of bitcoin hit a record high over $48,000 on Tuesday in a two-day surge after Tesla said on Monday that it had bought the digital currency and would soon accept it as a form of payment for cars.
Published 10 Feb, 2021 11:38am
Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge
Markets

Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge

  • Analysts said the move by one of the world’s best-known companies was liable to prove a game changer for bitcoin.
  • Musk said a week ago that bitcoin was “on the verge” of being more widely accepted among investors and in December asked if it was possible to do large transactions in the currency.
Updated 08 Feb, 2021 07:33pm