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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 »

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 »

Many listed firms gearing up for rebound: analyst

ABS-CBN News
Posted at May 20 01:02 PM

These are the companies that stock investors need to watch out for as the country recovers from the disruptions of the COVID-19 pandemic, he said.  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 »

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 »

S&P 500 sets record high, crypto market cap passes $2 trillion

Stephen Culp, Reuters
Posted at Apr 06 07:04 AM

A string of surprisingly robust economic data boosted investor risk appetite on Monday, which sent the S&P 500 and the Dow to all-time closing highs and boosted cryptocurrency market cap over the $2 trillion hurdle.   Read more »

Philippine Stock Exchange temporarily shuts trading floor on March 25 to April 4

ABS-CBN News
Posted at Mar 24 09:29 AM

The Philippine Stock Exchange on Wednesday said trading will have to be conducted remotely as it would temporarily close its trading floor from March 25 to April 4.   Read more »

Bitcoin on your balance sheet? Here's what you need to know

Tom Wilson, Anna Irrera and Jessica DiNapoli, Reuters
Updated as of Mar 08 03:11 PM

Large companies from carmaker Tesla Inc to business intelligence firm MicroStrategy Inc have swapped billions of dollars in cash for bitcoin in recent months.   Read more »

Rare Kobe Bryant rookie card sells for $1.795 million

Reuters
Posted at Mar 08 09:18 AM

A flawless Kobe Bryant rookie card has sold to an anonymous buyer for $1.795 million.   Read more »

GameStop CFO to step down after Reddit driven stock rally

Jessica DiNapoli and Subrat Patnaik, Reuters
Posted at Feb 24 08:11 AM

GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. Read more »

Bitcoin battles for support at $50,000

Reuters
Posted at Feb 23 03:20 PM

Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency's lofty valuation and some leveraged players took profit.   Read more »

Services back up for cryptocurrency trading platform PDAX, says CEO

ABS-CBN News
Posted at Feb 22 10:29 AM

All services are back up for cryptocurrency trading platform Philippine Digital Asset Exchange (PDAX) after suffering from a 36-hour downtime last week, its CEO said Monday.   Read more »

Bitcoin steams to new record and nears $1 trillion market cap

Tom Wilson and Stanley White, Reuters
Posted at Feb 19 10:19 PM

LONDON/TOKYO - Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalization of $1 trillion, blithely shrugging off analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices. Read more »

GameStop key players tell US lawmakers no manipulation

ABS-CBN News
Posted at Feb 19 08:20 AM

Key players involved in the trading frenzy centered on GameStop shares told skeptical US lawmakers on Thursday that their actions were above board and in line with ordinary stock market business. Read more »

Bitcoin smashes through $50,000 as it wins more mainstream acceptance

Thyagaraju Adinarayan and Tom Wilson, Reuters
Posted at Feb 17 06:31 AM

Bitcoin soared above $50,000 on Tuesday for the first time, adding steam to a rally fueled by signs that the world's biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Read more »

FACTBOX: Bitcoin's famous backers

Reuters
Posted at Feb 16 09:19 PM

Bitcoin rose above $50,000 on Tuesday for the first time, continuing a rally that has seen it rise nearly 900% since March last year.   Read more »

As Gamestop frenzy wanes, analyst warns of 'fake moves' by retail traders

ABS-CBN News
Updated as of Feb 15 06:01 PM

It is dangerous to trade speculative shares as prices tend to "always go back to the mean" and investors might get trapped when this happens, an analyst warned. Read more »

Can GameStop squeeze also happen in PH? Is it a bad thing? Analysts give their take

ABS-CBN News
Posted at Feb 03 07:34 PM

An analyst said this also happens in the country, even without short selling.  Read more »