Sotheby’s to accept bitcoin and ether for an upcoming auction of a Banksy painting

“What better combination to introduce crypto than an iconic Banksy painting,” Sotheby’s CEO Charles Stewart “Squawk Box.” Sotheby’s latest entrance into the world of digital assets is being done through a partnership with the cryptocurrency exchange Coinbase, which went public in April. Sotheby’s first jaunt came last month, when the auction house sold nonfungible tokens,… Continue reading Sotheby’s to accept bitcoin and ether for an upcoming auction of a Banksy painting

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Goldman says these stocks are bouncing with bitcoin — and outperforming the S&P 500 in a big way

As bitcoin and other digital currencies surge in price, investors are looking for other ways to play the crypto craze. Bitcoin is up over 90% since the start of 2021, even after a recent slide in prices saw the market shed more than $200 billion in value. Ether, the second-largest digital coin by market value,… Continue reading Goldman says these stocks are bouncing with bitcoin — and outperforming the S&P 500 in a big way

Bitcoin climbs 8% as cryptocurrency market attempts a comeback from last week’s plunge

LONDON — Bitcoin prices roared back on Monday as the cryptocurrency market attempted to recover from a broad sell-off last week. Just after midday London time, the price of the world’s most valuable digital currency climbed 8% to $53,544 a coin, according to data from Coin Metrics. Two smaller digital tokens, ether and XRP, rose… Continue reading Bitcoin climbs 8% as cryptocurrency market attempts a comeback from last week’s plunge

$260 billion wiped off crytpocurrency market in 24 hours as bitcoin plunges below $50,000

China — Bitcoin and other digital coins plunged on Friday wiping over $260 billion off the value of the cryptocurrency market. At around 14:06 p.m. Beijing time, bitcoin was down nearly 10% in the last 24 hours at $49,281.40, according to CoinDesk data. Ethereum fell to $2,202.05, down more than 11%. XRP, the fifth-biggest cryptocurrency… Continue reading $260 billion wiped off crytpocurrency market in 24 hours as bitcoin plunges below $50,000

Bitcoin rally this year is the start of going mainstream, not a bubble, says investor Bill Miller

Longtime value investor Bill Miller told CNBC on Tuesday he believes bitcoin is firmly entering into the mainstream, contending the cryptocurrency’s rally in recent months is significantly different from its 2017 ascension and subsequent plunge. In an interview on “The Exchange,” the founder and chief investment officer of Miller Value Partners said he believes bitcoin… Continue reading Bitcoin rally this year is the start of going mainstream, not a bubble, says investor Bill Miller

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After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

BOAO, China — China’s central bank is now calling bitcoin an “investment alternative” — marking a significant shift in Beijing’s tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. Industry insiders called the comments “progressive” and are watching closely for any regulatory changes made by the People’s Bank of China (PBOC).… Continue reading After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

China’s central bank sees bitcoin as ‘investment alternative’BOAO, China — China’s central bank is now calling bitcoin an “investment alternative” — marking a significant shift in Beijing’s tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. Industry insiders called the comments “progressive” and are watching closely for any regulatory changes made… Continue reading After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

Tesla CEO, Elon Musk says people can now buy Tesla electric vehicles with bitcoin

Tesla CEO, Elon Musk has announced that people can now buy Tesla electric vehicles in the U.S. with bitcoin. “You can now buy a Tesla with Bitcoin,” the chief executive – and self-named “Technoking of Tesla” tweeted on Wednesday, March 24. Musk also went on to clarify in another tweet that Tesla will be keeping… Continue reading Tesla CEO, Elon Musk says people can now buy Tesla electric vehicles with bitcoin

Elon Musk says people can now buy a Tesla with bitcoin

Tesla CEO Elon Musk announced late Tuesday that it is now possible to buy Tesla vehicles in the U.S. with bitcoin. The automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world’s most popular cryptocurrency as a form of payment. “You can now… Continue reading Elon Musk says people can now buy a Tesla with bitcoin

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We asked 20 strategists where bitcoin prices are headed. Here’s what they said

Market strategists and financial advisors report rising interest from their investing clients about bitcoin — and many strategists see more upside for the cryptocurrency. From March 8 to March 15, CNBC International conducted a survey of 20 investing strategists to get their take on bitcoin, which began moving higher in the fourth quarter of last… Continue reading We asked 20 strategists where bitcoin prices are headed. Here’s what they said