Bitcoin soars above US$50,000 in rebound from last rout

The bitcoin held profits over US$50,000 in Asia trading yesterday, setting the most significant cryptocurrency back on the right track following steep declines weekly, together with bullish momentum returning on more mainstream attention. The electronic token rose up to 1.7 percent and has been trading at roughly US$50,976 as of 11.14’m in Hong Kong yesterday, […]

Investors lukewarm on Tesla’s US$1.5 billion bitcoin splurge

Investors at high-flying electric carmaker Tesla Inc are questioning if Elon Musk’s US$1.5 billion investment in to bitcoin will probably be good for your company as it’s been for its cryptocurrency. Tesla’s revelation on Monday (Feb 8) it had transferred almost 8 percent of its reserves to bitcoin shipped the cost of this cryptocurrency to […]