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Tesla's Musk reverses course on taking bitcoin, citing climate concerns

Hyunjoo Jin and Kanishka Singh, Reuters
Posted at May 13 08:20 AM

Tesla Inc has suspended the use of bitcoin to purchase its vehicles because of climate concerns, Chief Executive Officer Elon Musk said in a tweet on Wednesday, reversing the company's stance in the face of an outcry from some environmentalists and investors.   Read more »

Meme-based cryptocurrency Dogecoin soars 40 percent to all-time high

Tom Wilson, Reuters
Posted at May 07 08:33 AM

Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Read more »

Economic downturn fueling Argentine crypto craze

ABS-CBN News
Posted at May 04 02:27 PM

Argentina's economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: cryptocurrency. Read more »

US gov't, industry push bitcoin regulation to fight ransomware scourge

Joseph Menn and John Shiffman, Reuters
Posted at Apr 29 08:57 AM

Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said. Read more »

Bitcoin hit with record weekly outflow as rally ebbs: CoinShares data

Gertrude Chavez-Dreyfuss, Reuters
Posted at Apr 27 08:48 AM

Bitcoin posted a record weekly outflow, with overall sentiment on cryptocurrencies turning cautious as the digital asset's searing rally hit a wall, data from digital currency manager CoinShares showed on Monday. Read more »

Bitcoin falls 7 percent as cryptos stumble over Biden tax plans

ABS-CBN News
Updated as of Apr 23 05:36 PM

Bitcoin and other cryptocurrencies suffered hefty losses on Friday amid fears that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets Read more »

Bitcoin slumps 14 percent as pullback from record gathers pace

Reuters
Posted at Apr 19 08:43 AM

Bitcoin, the world's biggest cryptocurrency, fell as much as 14 percent to $51,541 on Sunday, reversing most of the big gains it made over the past week.   Read more »

Coinbase heads for $89 billion valuation in Nasdaq debut

Reuters
Posted at Apr 15 08:29 AM

Shares of Coinbase Global Inc were set to jump 36 percent above their reference price in the cryptocurrency exchange's market debut on Wednesday, the latest sign of the surge in interest and trading in bitcoin and other digital currencies. Read more »

Bitcoin hits record high of $62,575

Reuters
Posted at Apr 13 05:19 PM

Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights. Read more »

Cryptocurrencies: A $2.0-trillion market

Joseph Sotinel, Agence France-Presse
Posted at Apr 13 02:43 PM

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street.   Read more »

Coinbase brings cryptocurrencies to Wall Street

Daniel Hoffman, Agence France-Presse
Posted at Apr 13 09:58 AM

The arrival of cryptocurrency exchange Coinbase on Nasdaq is one of the most anticipated events of the year on Wall Street, where enthusiasm for bitcoin is in full swing, despite questions about the sustainability of the market. Read more »

Atari creates blockchain division for cryptocurrency, games

Agence France-Presse
Posted at Apr 06 08:36 PM

Video game pioneer Atari announced on Tuesday the creation of a blockchain division that will seize on the technology to develop games and a cryptocurrency that players could spend on items. Read more »

Fintech apps boost Filipinos' confidence in cryptocurrencies: stakeholder

ABS-CBN News
Posted at Mar 17 12:32 PM

Confidence in the use of fintech apps also broaden Filipino's engagement in cryptocurrencies such as Bitcoins, a stakeholder said Wednesday. Read more »

Bitcoin collector MicroStrategy fills its wallet with another $1 billion

Reuters
Posted at Feb 25 08:47 AM

Major bitcoin corporate backer MicroStrategy Inc said on Wednesday it bought another 19,452 bitcoin, worth around $1.03 billion, swelling its holdings of the cryptocurrency and sending the company's shares 8 percent higher in premarket trading. Read more »

Bitcoin goldrush sparks fears of speculative bubble

Joseph Sotinel and Ali Bekhtaoui, Agence France-Presse
Posted at Feb 19 01:49 PM

Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world's most popular virtual currency, but bubble fears persist. Read more »

Analysis: Can you buy a Tesla with bitcoin? How the payments might work

Anna Irrera, Reuters
Posted at Feb 09 10:49 AM

Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency is used for real-world transactions. Read more »

Bitcoin extends gains above $47,000 in Asia

Reuters
Posted at Feb 09 10:06 AM

Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Read more »

Manny Pacquiao launches his own 'Pac' crypto tokens

Neil Jerome Morales and Ronn Bautista, Reuters
Updated as of Sep 02 01:43 PM

The 40-year-old boxer, who defeated Keith Thurman to win the WBA Welterweight Super Championship in July and is also a Philippine senator, hopes to cash in on his "Pac" tokens, which will allow fans to buy his merchandise and interact with him via social media. Read more »