UPDATE 5-Musk's Tesla electrifies bitcoin with $1.5 bln bet, car…

By Subrat Patnaik, Anna Irrera and David Randall Feb 8 (Reuters) – Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Elon Musk’s electric vehicle company Tesla Inc revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment. The announcements, buried deep in…

Cryptocurrency ethereum is flourishing but risks linger

By Gertrude Chavez-Dreyfuss NEW YORK, May 7 (Reuters) – Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise. With a jump of more than 350% in its price this…

FOREX-Dollar tracks U.S. yields higher, hits one-week top ahead of ECB

By Ritvik Carvalho LONDON, forex millionaire robot Sept 8 (Reuters) – The dollar rose to a one-week peak against peers on Wednesday, buoyed by higher and a weaker euro a day ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, traded 0.1% higher at 92.628 after…

Bitcoin, Ethereum prices in free fall as China plans crackdown on mining and trading

id=”article-body” class=”row” section=”article-body”> Bitcoin has seen much better days.  Getty Images , , and every available had a terrible week. Prices began falling Wednesday following the news of China reaffirming its ban on the crypto services for its financial institutions. Then, after a brief rebound Thursday, prices fell again Friday when a statement from a…

EU should adopt common cryptocurrency rules, report for ministers says

By Francesco Guarascio and Peter Maushagen BRUSSELS, Sept 4 (Reuters) – The European Union should adopt common rules on cryptocurrencies and scrutinise how new digital units are distributed to investors and subsequently traded, according to a report prepared for EU finance ministers. In the report, the Brussels-based think tank Bruegel argues for EU-level regulation of…