Bitcoin

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , shook Wall Street this week when he revealed his company had bought $1.5 billion of bitcoin. The bitcoin price has surged in recent weeks, partly due to Musk’s pro-bitcoin tweets—at one point sending the price of bitcoin almost 20% higher. Now, lawyers have warned Musk, whose fast-and-loose Twitter persona has landed him in hot water with regulators before, could face questions from the U.S. Security… Source link

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before. Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours. Bitcoin’s 24-hour range: $43,948-$48,226 (CoinDesk 20) BTC well above the 10-hour and the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb 6. Source: TradingView

CNBC host Jim Cramer. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Jim Cramer told CNBC on Tuesday that he believes it’s “almost irresponsible” for companies not to consider owning bitcoin. The “Mad Money” host said he personally owns bitcoin and advised investors to “own some cash, own some gold, own some bitcoin.” The bullish comments comes as bitcoin tested all-time highs of over $48,000 per coin Tuesday morning. Visit the Business section of Insider for… Source link

Illustrative image of a commemorative bitcoin in front of the Tesla car logo. Tesla, led by Elon … [+] Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. On Monday, February 8, 2021, in Dublin, Ireland. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images At the height of the 2017 crypto bull market, they say Katy Perry was painting her nails with… Source link

Bitcoin and cryptocurrency bulls cheered Tesla’s shock announcement yesterday that it has bought $1.5 billion worth of bitcoin. The revelation pushed the bitcoin price to over $48,000 per bitcoin, an all-time high, and chased away bitcoin bears who feared the price could be about to crash. Meanwhile, other cryptocurrencies also soared, with the wider crypto market topping $1.4 trillion—more than twice where it started the year. Now, with Tesla TSLA putting bitcoin on the map for… Source link

Cryptocurrencies play almost no role in the staid world of corporate treasury, where protecting a company’s financial liquidity and cash reserves are key. Their massive volatility has ruled them out. That did not stop Elon Musk, chief executive of Tesla, from putting $1.5bn of his company’s spare cash into bitcoin last month. The company’s shares edged up more than 1 per cent on news of the bet on Monday, while the price of bitcoin staged a strong rally. But to experts… Source link

Tesla bought Bitcoin. Will Apple be next? | Fortune … Source link

getty The US Securities and Exchange Commission reports that Tesla has invested $1.5 billion in bitcoin, citing the interest for greater flexibility in diversifying and maximizing returns on its cash reserves, has prompted many people to rethink their relationship with the cryptocurrency, its potential and its future prospects. Tesla says it understands the volatility of the price of bitcoins, but says it will begin accepting bitcoin payments for its vehicles, making… Source link

Here’s what you need to know: Credit…Philip Cheung for The New York Times Chinese regulators met with executives from Tesla recently after several government agencies reported “an unusual acceleration” of complaints from consumers about battery fires and other quality issues with the company’s electric cars. In a post on the Chinese social media platform WeChat, the State Administration for Market Regulation said officials from five government agencies interviewed Tesla executives and… Source link

Tesla says it has invested $1.5 billion in the bitcoin cryptocurrency. The electric car manufacturer filed its annual 10-K report with the SEC this morning, and revealed the new bitcoin investment. Tesla says it will also “begin accepting bitcoin as a form of payment for our products in the near future.” Tesla customers have been calling on founder and CEO Elon Musk to accept bitcoin for vehicle purchases recently. Musk has been vocal about backing the cryptocurrency on Twitter, even… Source link