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cryptocurreny

Bitcoin tumbles
Business & Finance

Bitcoin tumbles

LONDON/TOKYO: Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs...
Published 22 Jun, 2021 04:46am
Bitcoin tops $40,000
Markets

Bitcoin tops $40,000

LONDON/SINGAPORE: Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following ...
Published 15 Jun, 2021 03:30am
S&P, Dow indexes end higher
Markets

S&P, Dow indexes end higher

• Ebay gains as it is exploring crypto and NFTs • Estee Lauder falls as Q3 revenue misses estimates NEW YORK:...
Published 05 May, 2021 04:01am
Bitcoin falls back sharply after weekend record
Markets

Bitcoin falls back sharply after weekend record

  • Bitcoin's new high also came as ten-year US Treasury yields hit a 13-month high of 1.64% on Friday.
  • Since the start of 2020, correlations between bitcoin and copper, equities and, in particular, breakeven inflation have increased.
Updated 15 Mar, 2021 09:27pm
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
Remote Siberian data centre reaps rewards of bitcoin rally
Markets

Remote Siberian data centre reaps rewards of bitcoin rally

  • The company could already be responsible for as much as 2% of global bitcoin mining, Chief Executive Igor Runets estimated, but added precise figures in the sector were hard to come by.
  • Bitcoin is earned -- or 'mined' -- by using your computer to help process the uncrackable "blockchains" or digital transaction records that underpin the currency.
Updated 09 Mar, 2021 09:34pm
MicroStrategy prices upsized $900mn debt sale to buy more bitcoin
Markets

MicroStrategy prices upsized $900mn debt sale to buy more bitcoin

  • The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, said proceeds of the offering will be about $879.3 million.
  • MicroStrategy said on Tuesday it will borrow $600 million to buy more bitcoin, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.
Published 17 Feb, 2021 09:06pm
MicroStrategy to borrow $600mn to buy more bitcoin
Markets

MicroStrategy to borrow $600mn to buy more bitcoin

  • Shares of MicroStrategy, the world's largest publicly traded business intelligence company, rose more than 4% on the news, adding to their meteoric 580% surge in the past year.
  • MicroStrategy owns close to 72,000 bitcoin, a regulatory filing showed on Feb. 2, valuing its bitcoin holdings at about $3.6 billion, according to a Reuters calculation.
Published 16 Feb, 2021 09:40pm
Dollar weakens as market optimism lifts riskier currencies
Markets

Dollar weakens as market optimism lifts riskier currencies

  • The improved risk appetite was also reflected in equities, with European indexes rising after Japanese stocks surged to a more than 30-year high earlier in the day.
  • The dollar index slipped 0.1%, close to last week's low of 90.249 - a level unseen since Jan. 27.
Published 15 Feb, 2021 07:21pm