The headlines of Fox Business Flash are here. See what clicks on FoxBusiness.com.
Bitcoin, the world’s largest cryptocurrency, hit a record high of $ 60,000 on Saturday.
Bitcoin has risen sharply this year, outperforming conventional asset classes, in part due to broader acceptance as a means of payment.
Over the past few weeks, companies have taken advantage of the strength to raise hundreds of millions of dollars in funding, using improved market sentiment.
BILL GATES ARE MADE FOR BITCOIN, OTHER CRYPTOCURRENCES FOR REASON
With a $ 1.5 billion bitcoin bet last month by Tesla Inc., Elon Musk’s electric car company swapped with commercial software firm MicroStrategy Inc and Twitter boss Jack Dorsey’s payment firm Square Inc for traditional cash reserves for the digital currency. to exchange.
Coinbase, the largest US currency exchange, posted a Nasdaq listing last month. Regulatory approval will be a major victory for lawyers seeking cryptocurrencies who want mainstream endorsement.
GET FOX BUSINESS ON THE GO by clicking here
Amid the growing demand from customers to own and invest bitcoin, Goldman Sachs Group Inc. this week said he is investigating how to serve the customers while staying on the right side of the regulation. It recently restarted a cryptocurrency trading bank and this month it started trading bitcoin futures and non-deliverable forwards.