The bitcoin price is once again surging, pulling the rest of the crypto market up with it.Leading cryptocurrencies, including Ethereum (ether), Cardano (ada) and dogecoin were all in the green at the start of the week, pushing their combined value above $1.75 trillion for the first time since May.The turn-around was triggered by Tesla boss…
Bitcoin’s price has risen about 11 per cent in the last 24 hours after Tesla chief Elon Musk said on Sunday that the company would start accepting bitcoin as a mode of payment when there is a trend of “reasonable” clean energy use by miners.“When there’s confirmation of reasonable (~50%) clean energy usage by miners…
The price of bitcoin is hovering around $37,000 on Friday, having risen more than $5,000 since Tuesday.The broader crypto market has mirrored btc’s latest movements but the recovery of Ethereum (ether), dogecoin and Cardano (ada) appears to have stalled. Cryptocurrency analysts have described it as a “make or break” moment for the market, with the…
Millionaire millennials have a large share of their wealth in cryptocurrency, according to a new financial survey.Nearly half of millennial millionaires, 47 per cent, have at least a quarter of their wealth tied up in crypto, reports the CNBC Millionaire Survey.And more than a third of millennial millionaires have at least half their money in…
Bitcoin is once again on the ascendency, having seen a 17 per cent price rise since Tuesday’s flash crash.The cryptocurrency was boosted by news from El Salvador that it will be recognised as legal tender in the Central American country, with other countries in the region giving hints that they might follow suit.The bounce back…
Bitcoin has been formally recognised as an asset class by the Basel Committee, the regulator of international banking standards, with a proposal to introduce capital rules for cryptocurrency.The price of bitcoin received an immediate boost following the news, shooting up by around $2,000 after the announcement was made.
Hours after becoming the first nation to authorise bitcoin as a legal tender, El Salvador’s President Nayib Bukele instructed a state-owned geothermal electric company to plan to use geothermal energy from the country’s volcanoes for mining for the cryptocurrency.“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan…
The crypto market has bounced back on Wednesday, with bitcoin, Ethereum (ether), Cardano (ada) and dogecoin all showing signs of recovery following a major price crash at the start of the week.The cryptocurrencies were boosted by news from El Salvador that BTC will officially be recognised as legal tender, allowing people to use it to…
El Salvador may be the first country to adopt bitcoin as legal tender, but recent developments suggest that it might not be the last.Politicians in several other countries in Latin America have already expressed an interest, with some even adding bitcoin laser eyes to their Twitter profiles as a symbol of support for the cryptocurrency.Bitcoin…