If Tesla were to accept bitcoin payments the way some other major companies have, customers would transfer bitcoins from their "digital wallets" to another entity that converts them into, say, dollars
The price of Bitcoin soared 15.4 per cent to around $44,500 Monday in reaction to Tesla''s announcement, according to CoinBase
The electric-vehicle company's move marked the latest step toward mainstream acceptance of bitcoin
Bitcoin has set new record highs in recent months after a rollercoaster ride over the past decade
The largest cryptocurrency is up about 22% this week
Bitcoin is stored on software known as a digital wallet that is secured through encryption
The RBI's official digital currency, also called Central Bank Digital Currency, has been in the works for a while
The largest cryptocurrency spiked about 15 per cent within minutes as the London trading day got underway
Predicting a price for Bitcoin is challenging but it's likely to rise longer term as funds and family offices assign 0.5 per cent or 1 per cent of their portfolios to it, Matt Long said
Total assets under management (AUM) in the industry slipped to $29.7 billion as of Jan. 22, from an all-time peak of $34.4 billion on Jan. 8
Bitcoin has come off its highs after it crossed $40,000 this month, but is still up about 16% this year.
Digital coin set for one of its worst weeks since March 2020
Rolling outages left millions without electricity for hours
The cryptocurrency saw its sharpest fall since September last year
The world's most popular cryptocurrency Bitcoin was last down 10.6% at $31,724. It has lost about 27% of its value after touching a record $42,000 on Jan. 8
The world's most popular cryptocurrency continued to retreat from the $42,000 record high hit on January 8
The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin
Bitcoin slumped $30,699, its lowest since January 5, after extending earlier losses in Asian trading hours and was last down 15 per cent at $32,675.
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low as rising US yields lifted the dollar broadly and hurt non-income paying assets
With mounting allegations of cryptocurrency fraud and many aggrieved citizens approaching courts, experts say the need for a regulatory mechanism is urgent