• Norwegian Chinese firms buy $100M in crypto
    Cryptocurrencies

    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.

  • Bitcoin clings to $50K
    Bitcoin,  Ethereum,  Markets Report

    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.