Bitcoin news

It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes. The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent […]

After breaching a record-high of $58,000 last Sunday, bitcoin slid to $47,000 on Friday. Despite regulatory uncertainty, three CEOs of money managers are still bullish. They explain why bitcoin is still in its early stages and set to mature into a gold-like market cap. Visit the Business section of Insider for more stories. Is bitcoin […]

Billionaires from Microsoft founder-turned global philanthropist Bill Gates to Tesla chief executive Elon Musk are weighing in on bitcoin (even Mark Cuban can’t resist). After Musk sent the bitcoin price sharply higher with pro-bitcoin tweets, Tesla added $1.5 billion worth of bitcoin to its balance sheet—pushing bitcoin still higher. Now, with top Federal Reserve officials […]

‘Tesla Daily’ host Rob Maurer discusses how the electric vehicle company aims to build 1.5 million vehicles per year through their battery production. Investors’ love affair with bitcoin has become a double-edged sword as surging bond yields sparked a sell-off in risk assets, including bitcoin, and punished shares of companies that recently bought the cryptocurrency. “Higher […]

=========== Website source

Billionaire Elon Musk threw $1.5bn into bitcoin before tweeting that its value does “seem high.” Microsoft founder Bill Gates, a centibillionaire himself, recently warned investors against losing their shirts with risky cryptocurrency, telling Bloomberg News he is not bullish on bitcoin, partly for environmental reasons. And United States Treasury Secretary Janet Yellen said that bitcoin […]

Bloomberg ‘Purgatory’ Grips $146 Billion of Distressed Commercial Property (Bloomberg) — Good news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties.The coronavirus outbreak helped push about $146 billion of commercial real estate into distress, serious risk […]

Bloomberg Biggest Bitcoin Fund Sinks to Record Discount as Mania Cools (Bloomberg) — The world’s largest Bitcoin fund is selling off faster than the cryptocurrency itself as investors rush to the exits.The $31.6 billion Grayscale Bitcoin Trust (ticker GBTC) plunged 22% this week, outpacing a 17% decline in the world’s largest cryptocurrency. That’s evaporated GBTC’s […]

Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance since March 2020 when the pandemic hit the global economy. Bitcoin (BTC) trading around $46,244 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $44,180.99-$49,325.91 (CoinDesk 20) BTC […]

Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over 300,000 Finance professionals who already subscribe to the FT. =========== Website source