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Bitcoinâs 30% price correction was enough to give some CFOs second thoughts. Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last weekâs 30% price plunge, Bloomberg reports. Publicly traded companies such as MicroStrategy and Square Inc. have invested millions of dollars of company cash reserves in bitcoin (BTC, +4.85%) during 2020. Other...
Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300. Deltec, Tetherâs Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is...
Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as...
The United Kingdom's financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level of risk, stressing that investors should be ready to lose all their money while investing in crypto. Citing...
Large trading volumes in the bitcoin spot market are helping push prices upward to a fresh record high. Ethereum-based DeFi value locked is also setting records, with rising crypto values playing a part. Bitcoin (BTC (+3.68%)) trading around $39,143 as of 21:00 UTC (4 p.m. ET). Gaining 8.4% over the previous 24 hours. Bitcoinâs 24-hour range: $36,382-$40,324 (CoinDesk 20) BTC...
Bitcoin bulls pushed the leading cryptocurrency to fresh all-time highs above $35,000 Tuesday night after a couple days of choppy price action kept traders guessing which direction the market would head next. The price is rising, and fast. Bitcoin jumped nearly 12% Tuesday to top the previous record high of $34,544.94 set this past Sunday after a dizzying climb over...
Another day, another $1,000-plus increase in bitcoinâs price, bringing the leading cryptocurrencyâs combined gains this new year to about $5,000. The price of bitcoin surged past $34,000 for the first time ever early Sunday morning Eastern time, extending a record-setting holiday rally and adding an immediate exclamation point to the Bitcoin Network's 12-year anniversary. Once the price of the leading...
âPay me in bitcoinâ has come true for National Football League player Russell Okung. Some 20 months and a 273% price increase after he first tweeted that demand in May 2019, Okung will be the first player from any major U.S. sports league to be paid in bitcoin. The arrangement comes by way of Zap, the bitcoin (BTC, +6.32%) startup...
A rampant bull run is punctuated by sellers above $28,000, with Bitcoin continuing to see wild volatility on Sunday. Bitcoin (BTC) hit all-time highs of $28,400 before crashing thousands of dollars on Dec. 27 â the latest chapter in its Christmas trading frenzy. BTC price dips $1,900 in minutes Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD gain and...
The U.S. Securities and Exchange Commission (SEC) ordered Tierion to pay back investors in its TNT tokens after finding the data verification startupâs $25 million initial coin offering (ICO) violated securities laws. TNT holders and ICO investors who sold their tokens at a loss have 60 days to ask Tierion for what is essentially a refund â at cost, plus...