
Business Mar 9, 2021
Rush to bitcoin? Not so fast, say keepers of corporate coffers
Many finance executives and accountants are hesitant to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.
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Many finance executives and accountants are hesitant to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.
Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance among mainstream investors. Bitcoin hit a new high of $50,602, and was last up 3.3% at $49,537. It has ...
Monthly cryptocurrency transfers to and from Africa of under $10,000 jumped more than 55 percent in a year to reach $316 million in June.
Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. Exchanges, researchers and brokers say they have seen an uptick in activity at cryptocurrency trading venues popular ...