Market

Tesla Sends Bitcoin Mooning Past $44K as Snoop Wins #dogebowl

CoinDesk TV is here! Regular programming starts Monday as we roll out three daily and three weekly shows, including “First Mover,” hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, airing every weekday at 9 a.m. U.S. Eastern time. Today’s debut episode features guests: Brian Brooks, former U.S. comptroller of the currency; Tim McCourt, global […]Read More

Bitcoin

Bitcoin Explodes as Tesla Loads up on 10-Figures Worth of

Bitcoin’s price soared higher today on news of Tesla acquiring $1.5 billion worth of BTC to add to their balance sheets This news was revealed in a recent SEC filing and naturally caused the entire crypto market to make a massive move higher This news is already driving massive demand towards Bitcoin, with on-chain data […]Read More

Market

Nic Carter: What Bloomberg Gets Wrong About Bitcoin Mining

Recently, Bloomberg published a piece calling Bitcoin an “incredibly dirty business.” It’s undeniable that Bitcoin has a carbon footprint. Some bitcoins are mined with non-renewable energy, although plenty is mined with hydro, nuclear, or otherwise-vented natural gas, too. No one contests the externality of bitcoin, although the precise carbon footprint is debated. However, the article, […]Read More

Bitcoin

Tesla invests $1.5 billion into Bitcoin, plans to accept BTC

Tesla, a tech company led by well-known crypto enthusiast Elon Musk, has bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future, according to its filing with the US Securities and Exchange Commission (SEC) published today. “Thereafter, we invested an aggregate $1.50 billion […]Read More

Market

Bitcoin Hits New Record High Over $43K on Tesla News

Bitcoin jumped to fresh record highs on Monday after U.S. electric car manufacturer Tesla announced its purchase of $1.5 billion of the cryptocurrency. The largest cryptocurrency surged at least 11% to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data. Tesla, headed by Elon Musk, said […]Read More

Market

Ethereum Futures Are Now Trading on CME

The Chicago Mercantile Exchange (CME) has launched its much-anticipated futures contracts for ether – the native cryptocurrency of the Ethereum blockchain network. Announced in mid-December, trading in ether futures went live late Sunday, with the February contract registering an opening price of $1,669.75. At the time, the spot price stood at around $1,600. The Chicago-based […]Read More

Bitcoin

Bitcoin Weekly Outlook: Rising Yields Continue to Threat Uptrend

It happened last weekend. Bitcoin managed to close above $40,000 for the third time since January 8. But again, the benchmark cryptocurrency got bull-trapped by daytraders who sold off the said level to secure short-term profits. As a result, Bitcoin opens the new week in a negative area, with traders still assessing its short-term market […]Read More