Bitcoin beat two-week highs on March 10 as bulls propelled the largest cryptocurrency into final resistance at $56,000 before an attack on all-time highs.
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Beyond Tesla? Two firms buy $100M in crypto as store of value… and more
A Norwegian energy firm and Chinese software company both said their cryptocurrency purchases were a prelude to entering the crypto and blockchain industry as well as investments
Splashy Bitcoin investments like Tesla’s recent $1.5 billion buy are largely aimed at avoiding losses to currency devaluation, but two firms’ recent purchase of just under $100 million go beyond that.
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Markets Report: Bitcoin clings to $50K
The second-highest weekly close in history fuels optimism among bulls yet rangebound behavior remains
With the weekend producing near 7% gains, rangebound behavior still characterizes the mood as BTC/USD remains near its position from the same time last week. Bitcoin "clearly has to break above the $52K breaker to see continuation here towards $56K. On the downside: Failing to hold $46,500 and I'll assume we'll see a lows test at $42,000,”said popular trader Michaël van de Poppe.
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Aiming at PayPal, Bitfinex launches crypto payments platform
Saying that it intends to take on payments “behemoths” the new Bitfinex Pay app lets merchants accept payments in four cryptocurrencies
No one ever accused Bitfinex of having small ambitions. Just days after it settled a years-long fraud lawsuit with New York’s attorney general over a loan it got from sister company and stablecoin issuer Tether, Bitfinex has launched a crypto-powered online-payments platform to take on payments giants like PayPal.
