Live Breaking News & Updates on Bryan Routledge|Page 4
Stay updated with breaking news from Bryan routledge. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
What Are The Risks Of Crypto Savings Accounts? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Getty Images In February, Tesla announced in an SEC filing that it bought $1.5 billion in bitcoin. The company said while its goal is to accept payments in bitcoin, it also bought the block chain-based currency for more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. Bitcoin boomed in 2020, rising 400 percent over the course of the year and topping $50,000 per bitcoin for the first time in early 2021, with Tesla CEO Elon Musk leading the Twitter cheerleading. Should business owners follow in Musk s footsteps and replace some of their working cash with crypto? The bitcoin run-up prompted Microsoft co-founder Bill Gates to sound a warning about swimming with the cryptocurrency sharks. My general thought would be that if you have less money than Elon, you should probably watch out, he said in an interview. ....
Analysis Lost or misplaced private keys, after all, are a bane of the crypto world â just recall the Welshman who lost 7,500 Bitcoin (BTC), worth about $400 million today, when he landfilled his PCâs hard drive, forgetting it was the sole repository of his private key. Meanwhile, traditional banks are societyâs safekeepers par excellence , so maybe they can improve the crypto user experience with regard to private keys at the very least. But if major financial institutions are indeed getting involved with cryptocurrencies â and not just in the custody area, as investment bank Morgan Stanley signaled on Feb. 13 a future investment in Bitcoin â why now? Is it just the soaring price of Bitcoin? Or has the evolving blockchain/cryptocurrency industry reached a new level where itâs acceptable even to habitually cautious depository institutions? ....
Digital tulip or new asset class? Bitcoin s bid to go mainstream 13 Feb, 2021 06:00 PM 9 minutes to read SpaceX owner and Tesla CEO Elon Musk at an event in Berlin on December 1, 2020. Photo / Getty SpaceX owner and Tesla CEO Elon Musk at an event in Berlin on December 1, 2020. Photo / Getty Financial Times By: Robin Wigglesworth and Eva Szalay Elon Musk is not like most multibillionaires. The first oblique hint that Tesla s eccentric chief executive was contemplating another audacious, market-shaking move came via a risqué, Yuletide social media message. Read More On December 20, Musk tweeted a cartoon image depicting himself as a devout monk trying to live a normal productive life , gazing at a woman in a provocative pose with bitcoin plastered over her posterior. ....