News | Latest Breaking News Stories & Headlines

Tesla has posted profits for seven quarters in a row, driven by environmental credits

Environmental credits boost revenues at Tesla

Electric carmaker Tesla marginally beat Wall Street expectations for first-quarter revenue last night, boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.

Business • 27 Apr 21

Bitcoin has lost over 19% from its April 14 record of almost $65,000

Bitcoin jumps 8%, on course to snap five days of losses

Bitcoin jumped as much as 8% today and was on course to snap five days of losses in a row, though the cryptocurrency has slumped almost a fifth from its all-time high hit earlier this month.

Business • 26 Apr 21

Bitcoin has fallen below the $50,000 mark for the first time since early March

Bitcoin sinks below $50,000 on Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses today on concern that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.

Business • 23 Apr 21

Bitcoin was off nearly 3% at $61,490 against the dollar after news of the Turkish ban

Turkey bans crypto payments citing risks

Turkey's central bank has banned the use of cryptocurrencies and crypto assets to purchase goods and services.

Business • 16 Apr 21

Coinbase Global is the biggest US cryptocurrency exchange

Cryptocurrency exchange Coinbase lists on Nasdaq

Coinbase Global, the biggest US cryptocurrency exchange, is listing on the Nasdaq today, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.

Business • 14 Apr 21

Bitcoin today extend its 2021 rally to new heights

Bitcoin hits new record high of $62,575

Bitcoin hit a record of $62,741 this morning, extending its 2021 rally to new heights a day ahead of Coinbase's initial public offering.

Business • 13 Apr 21

Tesla last month said it had bought $1.5 billion of bitcoin

Musk says Tesla cars can now be bought using bitcoin

Tesla customers can now buy its electric vehicles with bitcoin, its boss Elon Musk said today, marking a significant step forward for the cryptocurrency's use in commerce.

Business • 24 Mar 21

The value of Bitcoin has more than doubled in 2021, after quadrupling last year

Bitcoin falls back sharply after weekend record

Bitcoin fell back sharply today after hitting a record high of $61,781.83 over the weekend after US President Joe Biden signed off on his $1.9 trillion fiscal stimulus and ordered an acceleration in vaccinations.

Business • 15 Mar 21

Bitcoin's surge fueled gains in related stocks

Bitcoin surges higher, narrows gap to record high

Bitcoin rose strongly today, on course to gain for a fifth straight day, in a rally that has left the cryptocurrency within touching distance of an all-time high hit last month.

Business • 09 Mar 21

Bitcoin has risen to $47,000 from $4,700 last March

Bitcoin rises 6% as risk assets rally

Bitcoin rose nearly 6% today as risk assets rallied after last week's bond rout cooled, and Citi said the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade.

Business • 01 Mar 21

Bitcoin is on course for a drop of almost 20% this week - its heaviest weekly loss since March last year

Bitcoin slumps 6%, heads for worst week since March

Bitcoin fell over 6% today to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets.

Business • 26 Feb 21

The world's biggest cryptocurrency was facing its biggest daily drop in a month today

Bitcoin tumbles 17% as doubts grow over valuations

Bitcoin plummeted as much as 17% today as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and sparking a sell-off across cryptocurrency markets.

Business • 23 Feb 21

Bitcoin had hit a market capitalisation of $1 trillion on Friday

Bitcoin pares day's losses to stand at below $53,000

Bitcoin is back trading at just below $53,000 after briefly dipping below the $50,000 mark in New York earlier.

Business • 22 Feb 21

Elon Musk has defended Tesla's action to invest in bitcoin

Bitcoin hits $1 tn market cap

Tesla chief executive Elon Musk has said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.

Business • 19 Feb 21

Bitoin hit a record of $51,300 today after breaking through the $50,000 mark for the first time yesterday

Bitcoin's gains unsustainable without lower volatility

Bitcoin's charge to a record level of over $50,000 is not sustainable unless the cryptocurrency's price swings cool down quickly, JPMorgan analysts said in a note.

Business • 17 Feb 21

Bitcoin seeing big gains after electric carmaker Tesla said it bought $1.5 billion in bitcoin and would accept the currency as payment

Bitcoin vaults above $50,000 for first time ever

Bitcoin rose above $50,000 today to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance amongst mainstream investors.

Business • 16 Feb 21

Once on the fringes of finance, bitcoin is fast gaining legitimacy as an asset class

Bitcoin pulls back from brink of $50,000

Bitcoin stalled just short of the $50,000 mark today and other cryptocurrencies slipped, as investors took profit from a record-breaking rally that is being driven by a worldwide shift in investor and public attitudes towards digital assets.

Business • 15 Feb 21

Bitcoin is set for gains of over 20% in a milestone week for the cryptocurrency

Bitcoin clings to Tesla gains, dollar set for loss

Bitcoin hovered close to record highs today, set for gains of over 20% in a milestone week marked by the endorsement of major firms, such as Elon Musk's Tesla, while the weak US jobs market continued to weigh on the dollar.

Business • 12 Feb 21

Bitcoin surges 8% to all-time high

Bitcoin jumped over 8% today to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

Business • 11 Feb 21

Yesterday's jump after Tesla's announcement was bitcoin's largest daily rise in more than three years

Bitcoin powers towards $50,000 after Tesla investment

Bitcoin extended its gains today to a record high as the afterglow of Tesla's investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers.

Business • 09 Feb 21

All three major US stock indices streaked to fresh records, extending last week's rally on optimism that additional US fiscal stimulus is coming soon, along with an expected economic recovery

US stocks hit records as Tesla boosts bitcoin

Wall Street stocks powered to fresh records last night, while bitcoin also touched an all-time high after Tesla declared itself an investor in the cryptocurrency.

Business • 09 Feb 21

Bitcoin is up by around 50% since the start of the year

Bitcoin hits record near $45,000 after Tesla investment

Bitcoin hit a record-high near $45,000 today after Elon Musk's electric carmaker Tesla invested $1.5 billion in the digital currency.

Business • 08 Feb 21

Bitcoin jumped over 300% last year, as bigger US investors and corporations sought exposure to the cryptocurrency

Bitcoin soars 14% after Musk namecheck on Twitter

Bitcoin jumped as much as 14% today to a two-week high after Tesla chief executive Elon Musk tagged the cryptocurrency in his Twitter biography.

Business • 29 Jan 21

Man not allowed search dump for £210m bitcoin he tossed

A Welshman has offered local officials a potential £50m (€56m) coronavirus relief fund if they let him search a landfill for a hard drive containing bitcoin worth £210m which he dumped in 2013.

News Lens • 15 Jan 21

Bitcoin hit an all-time high of $40,402.46 in trading yesterday

Bitcoin down over 5% after topping $40,000 level

Bitcoin fell more than 5% today, a day after topping $40,000 for the first time.

Business • 08 Jan 21