Bitcoin tops $40,000 after Musk says Tesla could use it again
Bitcoin news

Bitcoin tops $40,000 after Musk says Tesla could use it again

LONDON/SINGAPORE (Reuters) -Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment.

Fintech Focus For June 8, 2021
USA finance

Fintech Focus For June 8, 2021

Quote To Start The Day: “Believe you can and you’re halfway there.” Source: Theodore Roosevelt One Big Thing In Fintech: Latin America’s fintech industry is booming, and U.S. venture capital firms are not only taking notice, but are backing that growth with some significant investments. Source: Crunchbase Other Key Fintech Developments: Paysafe expands US partnership. GTS joining Solana-based project. Square, Blockstream partner up. US Bank is honing video banking. MicroStrategy raising to buy B

Bitcoin slumps 8% as it heads for bruising monthly drop
Bitcoin news

Bitcoin slumps 8% as it heads for bruising monthly drop

Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month. The biggest cryptocurrency extended earlier losses, falling as much as 8.2% to $35,339 as it stayed pinned in this week’s relatively tight trading range. “Bitcoin is currently in a bit of ‘slumber mode’ trading in the range of $34,000 and $40,000,” said Ulrik Lykke, executive director at crypto hedge fund ARK36.