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Bitcoin jumps after Musk says Tesla could use it again

Reuters
Posted at Jun 14 02:58 PM

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Read more »

Musk says Tesla will accept bitcoins when miners use more clean energy

Reuters
Posted at Jun 14 07:33 AM

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. Read more »

El Salvador's adoption of bitcoin delights cryptocurrency fans

Joseph Sotinel, Agence France-Presse
Posted at Jun 10 02:58 PM

El Salvador's approval of bitcoin as legal tender, making it the first country in the world to do so, has delighted cryptocurrency fans but left markets unconvinced. Read more »

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Reuters
Posted at Jun 10 11:24 AM

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. Read more »

Does money grow on volcanoes? El Salvador explores bitcoin mining

Reuters
Posted at Jun 10 08:52 AM

El Salvador's President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from the country's volcanoes. Read more »

Bitcoin is now legal tender in El Salvador

Agence France-Presse
Posted at Jun 09 03:37 PM

The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency. Read more »

Bitcoin sinks and approaches $30,000

Agence France-Presse
Posted at Jun 09 07:34 AM

The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake. Read more »

Bitcoin edges back from $40,000 as volatility lingers

Reuters
Posted at May 27 08:55 AM

Bitcoin climbed back above $40,000 on Wednesday for the first time this week, before edging off its highs, as recent volatility in the cryptocurrency market showed few signs of dampening down. Read more »

HSBC CEO says Bitcoin not for us

Lawrence White and Rachel Armstrong, Reuters
Posted at May 25 08:57 AM

HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. Read more »

S. Korea's central bank moves to develop pilot digital currency

Cynthia Kim, Reuters
Updated as of May 24 06:28 PM

South Korea's central bank on Monday said it will choose a technology supplier to build a pilot platform for a digital currency, moving a step closer to creating a central bank-backed digital currency.   Read more »

Knowledge on fundamentals to help crypto traders ride volatility

ABS-CBN News
Posted at May 24 01:07 PM

Traders of cryptocurrency should better understand the technology behind it to weather sudden drops in value and volatility, a financial consultant said Monday. Read more »

Bitcoin down almost 50 percent from year's high

Reuters
Posted at May 24 08:11 AM

Bitcoin fell 13 percent on Sunday after the world's biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50 percent from the year's high.   Read more »

Bitcoin tumbles after China says to crack down on mining, trading

Gertrude Chavez-Dreyfuss and Thyagaraju Adinarayan, Reuters
Posted at May 22 12:51 AM

NEW YORK/LONDON - Bitcoin dropped on Friday after China's Vice Premier Liu He said his government will crack down on the virtual currency's mining and trading activities.   Read more »

US Treasury seeks reporting of cryptocurrency transfers

David Lawder, Reuters
Posted at May 21 02:03 AM

WASHINGTON - The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the US Treasury said on Thursday. Read more »

Bitcoin tumble slows with help from Elon Musk

Sebastien Ricci with Joseph Sotinel in London, Agence France-Presse
Posted at May 20 08:47 AM

Bitcoin's value plunged on Wednesday after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. Read more »

Stocks, oil and bitcoin sink in volatile trading

Roland Jackson, Agence France-Presse
Posted at May 20 08:36 AM

Stock markets, oil prices and bitcoin sank Wednesday as a raft of issues ranging from rising inflation to China's cryptocurrency crackdown spooked investors. Read more »

Bitcoin plunges: A bust or a buy?

Tommy Wilkes, Sujata Rao and Gertrude Chavez-Dreyfuss, Reuters
Posted at May 20 07:14 AM

Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments.   Read more »

Bitcoin tumbles below $40,000 after China issues warning

Agence France-Presse
Posted at May 19 02:08 PM

Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them.   Read more »

Why does bitcoin consume 'insane' energy?

Ali Bekhtaoui, Agence France-Presse
Posted at May 14 08:47 AM

Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of digital assets and singling out carbon emissions from bitcoin mining for particular criticism. Read more »

Facebook-backed crypto project Diem shifts to US

ABS-CBN News
Posted at May 13 09:31 AM

Facebook-backed digital payments project Diem said Wednesday it is shifting to the United States to launch a "stablecoin" backed by dollars. Read more »