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Cryptocurrency Surge Fueled By Mistrust Of Central Banks, Uncertainty About U.S. Debt Via Just The News: Fueled by mistrust of central banks and uncertainty about the debt-laden future of the United States, the ongoing surge in prices for cryptocurrency will likely continue for now, market experts told Just the News. The price of one Bitcoin, the most valuable of the cryptocurrencies, shot up from $9,876.23 on Feb. 16, 2020 to $49,133.33 Tuesday, a […]

Bitcoin within a whisker of $50,000 Via Reuters: Bitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously. The first and most famous cryptocurrency, bitcoin hit $49,938 and has gained roughly 70% this year, most of that after electric carmaker Tesla said it bought $1.5 billion in bitcoin and would […]

Bitcoin Rally Falters Just Short Of $50,000 As Investors Take Profit  Via Reuters: Bitcoin stalled just short of the $50,000 mark on Monday 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. Bitcoin fell as much as 5.6% to $45,914 in Asian trading hours, after having posting a record high of […]

Robinhood CEO Admits Communications Shortcomings, Ahead Of House Testimony Via Reuters: Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. “No doubt we could have communicated this a little bit better to customers,” CEO Vlad Tenev said late Friday on the […]

Yellen Eyes Innovation To Battle Misuse Of Cryptocurrencies Via Reuters: U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. In remarks to a financial sector innovation roundtable, Yellen said such technologies could be used to stem the flow of dark money from organized crime and […]