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Increase regulatory focus on cryptocurrency: Pre-Budget survey

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Why Bitcoin Is Set to Plunge Toward $12,000 As the Fed Tightens Policy

Bitcoin's current fair value is around $27,000 according to one trend line, Stifel's Barry Bannister says. But it could fall much further than that.

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Bitcoin Is New Internet, Says Novogratz Despite BTC Price Crash

Bitcoin Is New Internet, Says Novogratz Despite BTC Price Crash
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Tesla Expecting a Massive Loss as Bitcoin Price Plummets, What Happens Now?

The electronic vehicle company Tesla could potentially face significant losses in their second-quarter earnings, all thanks to their Bitcoin holdings.

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Bitcoin Price Crash: Elon Musk sends bitcoin tumbling with shock u-turn on payments

Synopsis The largest cryptocurrency dropped as much as 15% in Asian trading, sliding below $50,000, before paring some of the drop. It was down about 8% to $50,190 as of 10:53 a.m. in Tokyo. The were reports of outages at digital-token exchanges as people rushed to sell. It’s unclear what prompted the decision and Musk and Zachary Kirkhorn, Tesla’s chief financial officer, did not immediately respond to an email inquiry for comment. Related Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it holds.

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