Bitcoin Goes from 'Trendy to Tacky' in Just Three Months, Analyst Says
Two events caused the drop in Bitcoin value: Elon Musk said Tesla would no longer accept Bitcoin as payment for its electric cars and the People's Bank of China restated its ban on the use of cryptos for any type of payment.
These Stats Show Just How Badly Crypto Has Crashed
The global cryptocurrency market saw hundreds of billions of dollars wiped off its value in less than day.
Bitcoin Continues Swoon, Crypto Fear & Greed Index Reads 'Extreme Fear'
Bitcoin continued its five-day retreat Wednesday, losing about 34% in May and tumbling below $40,000 in what could be the worst month since November 2018.
JPMorgan Reports Investors Abandoning Bitcoin and Going Back to Gold
The bank said people are souring on cryptocurrency.
Crypto Firm Accidentally Pays Users Bitcoin Worth +$20M, Instead of $700
One BlockFi client who expected to receive $700 US dollars was instead transferred more than 700 Bitcoin.
China Cryptocurrency Crackdown Explained As Prices Crash
Beijing has taken another step in restricting the use of cryptocurrency in China, causing a market-wide price plunge.
Following Elon Musk, Another Electric Car Maker Won't Accept Bitcoin
Henrik Fisker, CEO of the Los Angeles-based company, said he will not invest in Bitcoin or accept the cryptocurrency as payment. He didn't rule out future use of a cryptocurrency, but told CNBC that Bitcoin isn't a "sustainable solution."
Elon Musk Targeted by 'StopElon,' 'F***Elon' Crypto Coins
The Tesla and SpaceX CEO is well known for his tweets regarding cryptocurrency, and some people are concerned.
Talk and Tweets from Elon Musk Send Bitcoin Value Reeling
The manic price swings underscore Bitcoin's evolving—some might say immature —market, and raise questions about Musk's seriousness as well as his understanding of market dynamics.
Elon Musk Confirms Tesla Has Not Sold Bitcoin After Price Crash
The Tesla CEO's tweet followed speculation that his company was planning on dumping holdings of the cryptocurrency.
Aggressive Bitcoin Investors Look to Profit by 'Buying the Dip'
Michael Saylor, CEO of Nasdaq-listed Microstrategy, said the company invested another $15 million in Bitcoin after Tesla CEO Elon Musk said Wednesday his company would no longer accept the cryptocurrency as payment for its electric cars.
'Elon Musk' Bitcoin Scam Sees Woman Lose Thousands of Dollars to Fraudsters
The scam, involving a fake BBC news article, is not the only one to have cheated people out of money recently.
Elon Musk Working With Dogecoin Developers After Tesla Drops Bitcoin
Tesla CEO Elon Musk said Thursday that he was working with Dogecoin developers "to improve system transaction efficiency," prompting the price of the cryptocurrency to quickly spike.
Bitcoin Plummets as Elon Musk Reverses Course on Accepting It at Tesla
On Thursday, Bitcoin fell 28.59% below its record high after Elon Musk tweeted Tesla would no longer accept it to pay for its products, based on environmental concerns.
Dogecoin Fans Make 'Doge4Tesla' Trend in Hope Car Firm Will Accept Crypto
The cryptocurrency started as a joke in 2013, but has gained mainstream attention in recent weeks, and has continued to gradually rise in value.
Bitcoin Falls 10% After Elon Musk Reverses Course on Tesla Payments
"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy," said Musk in a statement.
Bitcoin Owners Cancel Tesla Orders As Crypto Community Turns on Elon Musk
The value of the cryptocurrency and Tesla shares fell after Elon Musk said his company would no longer accept bitcoins for vehicle purchases.
How Bitcoin Uses Fossil Fuels As Tesla Stops Accepting the Crypto
Critics of the digital currency say the energy-intensive process used to "mine" coins is bad for the environment.
As Bitcoin Enters Market Mainstream, Regulation Appears Imminent
"It's impossible for digital assets to go mainstream without clear regulation and sufficient safeguard," Vytautas Zabulis, CEO ofH-Finance, a digital asset trading company based in Vilnius, Lithuania, said in a research report.
46 Million Americans Now Own Bitcoin, as Crypto Goes Mainstream
In a survey conducted by the New York Digital Investment Group (NYDIG), about 75% of the respondents said they wanted to learn more about Bitcoin annuities and Bitcoin life insurance.
Crypto Investors Turn to Ethereum as Alternative to Bitcoin
Ethereum, the world's second largest cryptocurrency, soared to a record high Monday as investors placed their bets on the coin's future in commerce and looked for an alternative to Bitcoin's lofty valuation.
Surging Bitcoin Boosts Profits in Jack Dorsey's Square
Surging demand for the cryptocurrency drove Square's first quarter profit to 41 cents a share, exceeding Wall Street's consensus estimate of 16 cents by about 156%
Turkey, India and China Look to Ban Crypto, U.S. and Others Move to Use It
Countries are divided on cryptocurrency, with some looking to ban it, while others are seeking ways to incorporate it into their economic systems.
Bitcoin Headed Up Despite Recent Setbacks, Expert Says
Bitcoin appears poised to climb higher despite a recent downturn and sluggish trading in a narrow range. Its funding rates have remained low, and suggest the market is set to advance.
Superior Ease of Exchange Could Allow Ethereum to Overtake Bitcoin
Bitcoin's lofty valuation and manic price swings receive intense news coverage, but Ethereum may provide the foundation to build an alternative worldwide financial system.
Dogecoin Price Hits New High After eToro Exchange Lists Crypto
The trading platform stated it had added Dogecoin due to demand. Meanwhile, Elon Musk has suggested the token will feature in his upcoming Saturday Night Live skit.
'Micro Bitcoin Futures' Offer Expanded Opportunities for Crypto Investors
"The introduction of micro Bitcoin futures responds directly to demand for smaller-sized contracts from a broad array of clients and will offer even more choice and precision in how participants can trade regulated Bitcoin futures in a transparent and efficient manner, " CME Group said.
Louisiana Legislature Passes Resolution Praising Bitcoin, Encourages Use
The Louisiana resolution, lauds Bitcoin "for its success in becoming the first decentralized trillion dollar asset," and notes that it "could potentially replace gold as a monetary reserve."
Elon Musk Tweets 'Dogefather' Meme for SNL Appearance, Dogecoin Jumps 20%
Tesla's CEO plugged his appearance next week on Saturday Night Live by tweeting, "The Dogefather SNL May 8." And Dogecoin's price jumped 20% to $0.32.
Rumours Facebook Bought Bitcoin Fail to Materialize in Earnings Call
The social media platform's first quarter 2021 earnings report made no mention of an investment in the cryptocurrency.