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Topic

crypto markets

Musk tweets bruise bitcoin

Musk tweets bruise bitcoin

Published 07 Jun, 2021 03:34am
LONDON/SINGAPORE: Bitcoin fell more than 7% on Friday, with tweets by Tesla boss Elon Musk that appeared to lament a...
Bitcoin tumbles after Turkey bans crypto payments citing risks

Bitcoin tumbles after Turkey bans crypto payments citing risks

Published 16 Apr, 2021 06:27pm
  • The decision could stall Turkey's crypto market, which has gained momentum in recent months as investors joined the global rally in bitcoin, seeking to hedge against lira depreciation and inflation that topped 16% last month.
  • In a statement, the central bank said crypto assets were "neither subject to any regulation and supervision mechanisms nor a central regulatory authority", among other security risks.
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