Currencies

The cryptocurrency business wants to convince the Biden administration it does more than “finance criminal enterprises.”

The Dallas Mavericks and BitPay have teamed up to allow fans to purchase tickets and merchandise from their online team store with Dogecoin.

President Biden’s pick for chairman of the U.S. Securities and Exchange Commission is open to the use of digital currencies, but says investors must be adequately protected.

Billionaire Elon Musk said Thursday that he would welcome a probe by the Securities and Exchange Commission (SEC) into his tweets about meme cryptocurrency Dogecoin.

Investors' love affair with bitcoin has become a double-edged sword as surging bond yields sparked a sell-off in risk assets, including bitcoin, and punished shares of companies that recently bought the cryptocurrency.

"That's more than the number of new crypto traders at Robinhood during the entirety of 2020," Robinhood co-founder Vlad Tenev tweeted Thursday. 

Despite its critics, bitcoin has seen a meteoric rise in 2021 as companies have embraced the mainstream adoption of digital currencies, prompting them to make their own investments.

Square Inc raised the bets on bitcoin by investing $170 million more and Chief Executive Jack Dorsey promised on Tuesday to “double down” on the payment firm’s commitment to the world’s biggest cryptocurrency.

Tesla and bitcoin are falling in tandem. Is there a connection?

Bitcoin has blown through another milestone.

Tesla Inc. CEO Elon Musk said the inability to receive a return on his company’s cash was behind the decision to buy bitcoin.

MicroStrategy Inc. is raising cash to fund its purchase of more bitcoin, the company said Tuesday.

Bitcoin (BTC) reached a new record value of $50,000 on Tuesday before falling back below $49,000.

Miami Mayor Francis Suarez praised the city's governing commission for passing a resolution Thursday that will study the feasibility of paying employees in bitcoin, as well as allowing residents to pay fees and taxes in bitcoin. 

Bitcoin reached a new record-high value this week as major tech and financial companies eye virtual currencies.

 Mastercard Inc. on Wednesday said it is preparing to support cryptocurrencies directly on its network this year, as the company follows the rise of digital assets.

Tesla CEO Elon Musk on Wednesday said he bought Dogecoin for his baby "so he can be a toddler hodler."

Other large companies are unlikely to follow Tesla Inc. into the world of bitcoin investing, according to J.P. Morgan.

Tesla Inc.’s foray into bitcoin was an “unusual” way to spend its cash, according to some Wall Street investors.  

Tesla makes a $1.5B bet on bitcoin.