Business

Record-breaking Bitcoin tumbles on Yellen warning

Bitcoin tumbled Tuesday from its record-breaking run after US Treasury Secretary Janet Yellen warned that the "highly speculative" unit could be used for "illicit" purposes.

Business

Bitcoin market hits $1.0 trillion in value

The total value of all bitcoin topped $1.0 trillion on Friday, capping a spectacular record-breaking week for the world's most popular cryptocurrency.

Business

Electric carmaker Tesla invests $1.5 bn in bitcoin

Tesla helped push bitcoin to an all-time high Monday after the carmaker announced a $1.5 billion investment in the digital money and plans to accept the cryptocurrency from customers buying its electric vehicles.

Business

EU unveils proposed curbs on cryptocurrencies

The European Commission on Thursday unveiled plans to regulate cryptocurrencies, proposing rules that could limit the development of Facebook-backed Libra and similar projects.

Business

EU heavyweights seek strict rules for digital currencies

Finance ministers from five of Europe's biggest economies called Friday for the European Union to produce strict rules for new, private digital currencies such as Facebook-backed Libra and ban those that don't comply.

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