Bitcoin surged to an all-time high after Tesla Inc. said it’s invested $1.5 billion, the biggest endorsement of the controversial cryptocurrency by a mainstream company. The digital asset jumped as much as 16% after Tesla made the disclosure in a regulatory filing, with prices exceeding $44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars. Other coins surged as well. Ether gained as much as 11% to a record and… Source link

Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is now up 15% compared to seven days ago — what’s next? Cointelegraph takes a look at five factors which may influence where Bitcoin heads in the coming few days. Stocks hit records but dollar declines Bitcoin’s ascent prior to the weekend was accompanied by a familiar scenario on macro… Source link

Coinbase Ventures launched in 2018 on the heels of an unprecedented boom-bust cycle for bitcoin, which saw the currency’s price peak at nearly $20,000 before losing half its value in a little more than a month. As a cryptocurrency trading platform, that short-lived frenzy was good for Coinbase’s business. But the decision to launch a crypto-focused VC firm had less to do with the price of bitcoin than what the market fervor meant for entrepreneurs. “We recognized in early 2018 that there were… Source link

Ethereum Ethereum slid by 3.84% on Sunday. Following on from a 2.40% decline on Saturday, Ethereum ended the week up by 22.94% to $1,615.32. It was a mixed start to the day. Ethereum rose to an early morning intraday high $1,695.38 before hitting reverse. Falling short of the first major resistance level at $1,735, Ethereum slid to a late afternoon intraday low $1,493.28. Ethereum fell through the first major support level at $1,636 and the second major support level at $1,592. Finding support at… Source link

Share Tweet Share Share Share Email Protego Trust Bank N.A. was granted conditional approval for a national bank charter from the Office of the Comptroller of the Currency, the company announced on Friday (Feb. 5). The charter will allow for Protego clients to hold, trade, issue and lend digital assets. The Washington state-based bank said in the press release that its services include providing custody of digital and other assets and issuing new digital assets. It will also provide a trading… Source link

With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments. We’re not talking about small idealistic startups, either. A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may add cryptocurrencies to its payments network. He acknowledged that bitcoin is “not used as a form of payment in a significant way at this point,” but went on to discuss a… Source link

Crypto currency / Blockchain concept with coin on the motherboard. getty BITCOIN BREAKS OUT AND DOGE RECOVERS  Bitcoin has continued to build on the momentum generated by Tesla CEO Elon Musk, who last week tacitly endorsed the cryptocurrency by adding the leading cryptocurrency to his Twitter profile. Currently priced above $38,000, bitcoin is now trading at levels not seen since the middle of January. Part of this continued surge is likely due to Musk offering his… Source link

Doge Coin. Good dog. getty You probably never thought of Doge coin, or cared to invest in Doge coin until you read Elon Musk’s Tweet about it in the good ole days of the GameStop short squeeze. Buyers pushed up Doge coin’s value by 359% in four weeks, most of it happening after Musk tweeted about it some two weeks ago. That’s better than Game Stop GME GME , which rose by around 28%. And it is better than Bitcoin, which was cooling… Source link

CME Group will launch Ethereum futures this week and the price is at a record high. The three major forecasters will publish their assessment of the outlook for oil demand in 2021. Inflation is picking up — should investors be worried? Analysts say “no.” Visit the Business section of Insider for more stories. The army of Reddit day traders appears to be moving on, having pumped up everything from cryptocurrencies, to tiny biotech stocks in the last week, now… Source link

Bitcoin has suddenly surged higher this week, again climbing over the closely-watched $40,000 per bitcoin level—with “joke” cryptocurrency dogecoin also finding unexpected support from surprising sources. The bitcoin price, now up almost 250% since October, has confounded many who had warned it was poised for an immediate and steep correction. Now, Scott Minerd, chief investment officer of the multi-billion dollar investment giant Guggenheim Partners, has predicted bitcoin could climb… Source link