The bitcoin price is surging higher today as Tesla, the world-famous electric vehicle manufacturer, has moved $1.5 billion from its cash position to bitcoin. According to SEC filings, the firm is buying bitcoin to provide "more flexibility to further diversify and maximize returns on our cash.” It was

While many within the Bitcoin space lauded MicroStrategy for its bold move into Bitcoin in 2020, an analyst at Citi was less impressed by the business intelligence firm's decision to make Bitcoin its primary treasury reserve asset. In early December, Citi's Tyler Radke expressed concerns over

Visa has partnered with First Boulevard, a neobank focused on the financial empowerment of the United States black community, to conduct crypto asset application programming interface (API) tests. According to a February 3rd announcement, First Boulevard will be the first bank to have access to Visa's crypto API,

On Tuesday, MicroStrategy submitted a filing to the United States Securities and Exchange Commission (SEC) indicating that the firm has taken an additional $10 million position in bitcoin: "On February 2, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 295 bitcoins for $10.0 million in

Investment management firm Ruffer Investment Management sold a portion of its Bitcoin investment for millions of profit to keep a risk-free long position on the crypto asset. According to a February 2nd report by UK news outlet The Telegraph, the investment manager has sold $650 million worth of bitcoin after

Following a cryptic statement on Friday and an update to his Twitter profile, Elon Musk elaborated on his new-found interest in Bitcoin over the weekend. During a session on audio chat platform Clubhouse, Musk responded to a question about his opinion on Bitcoin that in 2013, a friend made a

Tech mogul and the world’s richest person Elon Musk apparently joined the ranks of Bitcoin proponents. Less than an hour ago, Musk changed his status on Twitter to the Bitcoin hashtag and seemingly suggested that his involvement in Bitcoin was inevitable in a cryptic tweet. He wrote: “In retrospect,

In a testament to his support for Bitcoin, Miami mayor Francis Suarez announced on Wednesday that the Miami municipal webpage now hosts the Bitcoin white paper: "The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.