Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA +0.8%, has single-handedly added thousands of dollars to the price of bitcoin in recent weeks—with other groundbreaking developments sending it still higher.
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Bitcoin’s market cap has surpassed $900 billion for the first time
Bitcoin, the largest cryptocurrency, has exceeded the cumulative market capitalization of JPMorgan Chase, Bank of America, and Wells Fargo.
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PayPal to announce UK users will receive crypto support
PayPal has announced plans to roll out cryptocurrency support beyond the United States. United Kingdom residents will soon be able to use the payments platforms to buy and sell cryptocurrency with additional …
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Another Huge Turkish Conglomerate That Will Go in Crypto
Cryptocurrencies have made inroads into the business strategies of some of the leading companies in the world. The recent announcement by leading electric automobile manufacturer, Tesla regarding its acquisition of …
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First Bitcoin ETF approved in Canada. It the first North American Bitcoin ETF
A Bitcoin exchange-traded fund for investment firm Accelerate Financial has been approved in Canada. This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities …
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Is India’s Crypto Ban Coming? Anonymous Indian Official Has Claimed That
An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most …
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Miami is to officially become USA’s biggest Bitcoin hub
Miami’s City Commission has successfully passed a resolution proposed by Mayor Francis Suarez that allows municipal employees to get paid in Bitcoin. The workers of the Magic City will be able to …
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Mastercard to open its network to crypto assets later this year
Mastercard Inc. said Wednesday that it would begin allowing merchants to accept some cryptocurrencies on its network later this year, marking the latest embrace of digital coins by a traditional …
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Uber CEO says the company will accept Bitcoin if there’s a benefit from it
Uber CEO Dara Khosrowshahi has said that the company will accept bitcoin and other cryptocurrencies as a form of payment if there are a benefit and a need for it. …
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Federal Reserve Banks “Not Even Thinking” About Withdrawing Policy Support
The Federal Reserve Banks are unlikely to “even think about withdrawing policy support” according to Jerome Powell, Fed’s chair. “We need to guard against the downside risks and not even …
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