Bitcoin

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...

Tesla has made roughly $1 billion in profits from its bitcoin investment, analysts estimate.

According to Daniel Ives, an analyst at Wedbush Securities, Tesla has made roughly $1 billion in paper profits from its investment into bitcoin. As reported by CNBC, the electric car company is "on a trajectory to make more from...

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 will eventually die when it loses popularity, says Cardano founder.

The Bitcoin massive winning rally has left no one indifferent. Over the past few weeks, it has been the favorite discussion among experts. Some think Bitcoin will go to the moon, and others believe Bitcoin will die. Charles Hoskinson,...

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...

Bitcoin briefly soared above $49,000 as the cryptocurrency continues to gain mainstream exposure.

The leading cryptocurrency bitcoin's price reached a new record on Sunday, rising above $49,000 for the first time. Bitcoin reached about $49,694 earlier in the day before paring gains to around $47,000 at the time of writing. It's now...

JPMorgan COO says the bank would get involved in bitcoin if demand arises.

Daniel Pinto, co-president and COO of multinational investment bank JP Morgan, confirmed to CNBC that if Bitcoin and other cryptocurrencies become widespread, the bank will have no choice but to get involved with them. "If cryptocurrencies become a broadly-used asset class,...

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Ripple CEO files a motion to dismiss the SEC’s complaint against him, calling it “regulatory overreach.”

Ripple Labs CEO Brad Garlinghouse has filed a motion to dismiss the SEC's amended complaint against him, calling it...