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Bitcoin rockets to new highs as Tesla takes it mainstream

por Louise Ponce (2021-02-11)


Do Twinkies last forever? Facebook claims it has registered 2.5 MILLION Americans to...

WASHINGTON (AP) - A new report from the Congressional Budget Office finds that increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of people.





"Digital currencies, it seems clear to us, are going to be an increasing part of financial architecture very broadly and potentially portfolios moving forward," Ben Powell, APAC chief investment strategist at BlackRock's Investment Institute said on CNBC.

NEW YORK (AP) - A Florida businessman whose fraud-busting business was exposed as a fraud itself was sentenced Monday to a year and a day in prison in a case in which prosecutors said Rudy Giuliani was hired as a consultant to attract investors.

That´s largely because the higher wages paid to workers would contribute to an increase in federal spending.

Dorsey's involvement comes as bitcoin and bitcoin334564624556576=34354456576 other cryptocurrencies are seeing a surge in popularity and prices.



NEW YORK, Feb 8 (Reuters) - A gauge of global stock markets hit another all-time high on Monday as optimism grew that U.S.
lawmakers will soon pass a COVID-19 aid package, and bitcoin surged to a record high after Tesla revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment.

The Chinese yuan gained 0.2% to 6.5192 per dollar in the offshore market.
It changed hands onshore at 6.5310 per dollar while other emerging-market currencies, bitcoin334564624556576=34354456576 including the Korean won, Mexican peso and South African rand, bitcoin334564624556576=34354456576 were also higher.

As well as the potential reputational damage caused by the hack, those involved walked away with over $118,000 worth of bitcoin and exposed the vulnerability in the massive social media platform that plays a role in communications and news.

'Sloppy' Twitter 'hackers' were ratted out by rival gang who...

The Russell 2000 index of smaller-company stocks rose 56.43 points, bitcoin334564624556576=34354456576 or 2.5%, to 2,289.76. The office says the federal deficit would increase by about $54 billion over 10 years if the wage is gradually lifted.



Analysts figure Tesla's announcement that it had bought $1.5 billion in bitcoin and that it would take the cryptocurrency as payment for cars is part a of a larger shift as companies and big investment houses follow small traders into the asset.

The Nasdaq composite climbed 131.35 points, or1%, to 13,987.64.

Though volatile, bitcoin is currently trading at almost $38,000 per coin after setting an all-time high of just under $42,000 last month.  have grown popular in recent years, including alternative, or "alt coin" cryptocurrency like headaches if passwords are lost or forgotten.

The Tesla chief has also tweeted about Dogecoin, a cryptocurrency that started as a joke. Dead Russian satellite and discarded Chinese rocket narrowly... In a regulatory filing Monday, Elon Musk´s electric vehicle company said its board approved of the $1.5 billion investment and potentially more in the future.

Yields on 10-year southern European bonds - deemed riskier with lower credit ratings - also fell.,, (Additional reporting by Kevin Buckland in Tokyo; editing by Barbara Lewis, Larry King) British two-year government bond yields fell to a record low of -0.170 after the Brexit deal, as UK coronavirus cases continued to spike.

Last year, a massive bitcoin scam played out on Twitter after scammers targeted the accounts of , , Barack Obama, bitcoin334564624556576=34354456576 Musk and other famous tech executives, entertainers and politicians.

The Twitter and Square CEO isn't the only high-profile individual to support bitcoin.

SILVER SPRING, Md.
(AP) - Tesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. They keep a full copy of bitcoin's blockchain ledger, which records all transactions in the cryptocurrency.  In a tweet posted late Thursday night, Dorsey shared a photograph of his computer running bitcoin node software.

Earlier this year, Elon Musk temporarily tagged his Twitter account with the hashtag #bitcoin, an apparent display of support for the cryptocurrency.

It would also add to the national debt and joblessness. Apple, Uber and other businesses were also caught up in the sprawling hack, which Twitter attributed to a social engineering attack on its employees.

The S&P 500 rose 28.76 points, or 0.7%, to 3,915.59.
The Dow Jones Industrial Average gained 237.52 points, or 0.8%, to 31,385.76.

Scientists analyze eight-year-old... It said it expected to begin accepting Bitcoin as payment for its high-end cars "in the near future, subject to applicable laws and initially on a limited basis." The digital currency jumped more than 15% on the news, to more than $43,000 for bitcoin334564624556576=34354456576 one Bitcoin.

"Musk getting involved in Bitcoin, to those investing in Bitcoin will be used as a way to tell others that this is a real asset, you can actually do something with it, they will support it as an argument of being the way of the future," said Robert Pavlik, senior portfolio manager at Dakota Wealth Management.

Nodes are part of the cryptocurrency's infrastructure, validating transactions.