Tag: bitcoin
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Bitcoin passes $60,000 for first time with backing from corporate heavyweights
PARIS: Bitcoin briefly rose above $60,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world´s most popular virtual currency continue its record-breaking run. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website CoinMarketCap. Bitcoin has been on a meteoric rise since March last…
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Rush to bitcoin? Not so fast, say keepers of corporate coffers
When Elon Musk’s Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency. Yet there’s unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets…