Bitcoin Price

Jack Dorsey-led payment firm Square has invested $170 million in bitcoin.

Twitter CEO Jack Dorsey-led credit and payments firm Square has invested $170 million in Bitcoin, more than tripling its last investment in the largest cryptocurrency. The company purchased about 3,318 bitcoins at an average price of $51,236, the company...

Elon Musk loses the world’s richest man position after Tesla and bitcoin slump.

Tesla CEO Elon Musk has lost his position as the world's richest man following a slump in Bitcoin and a slump in his company's stock that some analysts believe are correlated. Tesla stock (TSLA) has dropped 21% from its...

Bill Gates warns bitcoin buyers to watch out if they don’t have as much money as Elon Musk.

Microsoft founder Bill Gates has warned would-be Bitcoin buyers looking to follow Elon Musk's investment strategy. Speaking to Bloomberg's Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn't privy to. When...

Bitcoin drops as it pulls back from record highs, trades below $50k.

Bitcoin started dropping on early Monday, but it briefly gained before dropping below $50,000 once again on Tuesday. The leading cryptocurrency's downward movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to...

Bitcoin hits $1 trillion market cap as the price surges above $55,500.

The world's leading cryptocurrency continued to extend its gain as its price jumped to an all-time high of $56,399.99, posting a weekly gain of 14%. The price of bitcoin has surged nearly 70% alone this month. At the time...

Elon Musk defends Tesla’s move into bitcoin, says bitcoin is slightly better than fiat.

On Thursday, Tesla Inc CEO Elon Musk defended Tesla's move into bitcoin, saying that owning bitcoin was only a little better than holding conventional cash but that the slight difference made it a better asset to hold. However, when...

World’s leading asset manager BlackRock enters the bitcoin space.

According to the CNBC report, BalckRock's Rick Rieder revealed that the world's largest asset manager has begun entering the bitcoin space on Wednesday. Rieder's remarks, who is BlackRock's chief investment officer of global fixed income, came on the same...

Microsoft President says the tech firm has no plans to invest in bitcoin.

Following Tesla's $1.5 billion Bitcoin purchase, many in the crypto-community expected more Fortune 500 companies to soon follow suit. In fact, a host of names such as Apple, Oracle, and Microsoft were speculated to invest in the leading cryptocurrency....

Bitcoin nears $50,000 as the cryptocurrency continues to extend gains.

The price of bitcoin jumped as much as 3.6% to US$49,913 in Asian trading on Tuesday, according to a composite of prices compiled by Bloomberg Bitcoin's volatile, fivefold advance over the past year towers above the returns from more...

Mastercard and Twitter also show interest in bitcoin following Tesla’s $1.5 billion investment in the cryptocurrency.

According to composite pricing data compiled by Bloomberg, the leading cryptocurrency was trading at about $44,825 as of early morning in Asia today. Bitcoin has jumped 15% this week, breaking through the prior top of almost $42,000. The wider...

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The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a...