Tesla Inc's $1.5 billion bitcoin bet saw it join business software firm MicroStrategy Inc and Twitter boss Jack Dorsey's payments company Square Inc in swapping some traditional cash reserves for the
Shares of Good Works rose 15.9% to $11.59 after markets opened for trading on Friday.
The spike came in the wake of Tesla's $1.5 billion bitcoin bet
Many view bitcoin as a good inflation hedge
Inner Mongolia plans to shut all such operations by April
The trading desk reboot comes amid growing interest by institutions in bitcoin, which has soared more than 470% over the past year
Bitcoin is still up more than five times over the past year, a divisive rally pitting believers in a new asset class against naysayers who see a speculative bubble
Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.
The sell-off echoed that in equity markets
The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (Crypto Bill), which is included in the agenda of the Lower House of Parliament, could be introduced in the monsoon session
The company won't raise any proceeds in the transaction, Coinbase said in a filing with the US Securities and Exchange Commission on Thursday.
For Gates, it's not something Main Street should buy into - plus it's bad for the environment as mining the coins requires a lot of energy.
The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.
The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it
The firm said in December that it had confidentially applied with the US Securities and Exchange Commission (SEC) to go public
India will start the next stage of vaccinating those above 60 years of age and those above 45 with comorbidities, such as diabetes and heart ailments, from March 1
Investors focused on environmental, social and governance (ESG) factors may also have cause for concern
LONDON/NEW YORK (Reuters) - A dive in Bitcoin's price spilled onto shares of Tesla Inc, which recently disclosed that it held a $1.5 billion investment in the cryptocurrency, and slammed exchange-traded funds holding the stock on Tuesday.
The world's biggest cryptocurrency suffered its biggest daily drop in a month
Ether, the coin linked to the ethereum blockchain, also dropped more than 5% and last bought $1,707, down almost 17% from last week's record peak