#Bitcoin

23 Feburary.New York, NY, USA
The two billionaires have been swapping places due to fluctuations in the value of Tesla. (Photo Credit: PTI)

  • A slide of 8.6% in Tesla shares slashed its founder and CEO Elon Musk's net worth by about $15.2 billion
  • Musk's fortune now stands at $183 billion, down from a peak of $210 billion in January
  • Amazon founder Jeff Bezos regained top spot, despite his net worth falling by $3.7 to $186.3 

19 Feburary.New Delhi, Delhi, India
Bitcoin emerged as an attractive option for investors with an appetite for the exotic. (Photo Credit: Representative Image/Unsplash)

  • The Bitcoin market is now worth $1.002 trillion
  • The cryptocurrency vaulted higher after New York bank BNY Mellon and MasterCard announced plans to support it 
  • And US software firm MicroStrategy announced plans to sell convertible bonds in order to buy more bitcoin

17 Feburary.New Delhi, Delhi, India
A rise in bond yields and inflation could push the US Federal Reserve to push up interest rates faster than it has indicated. (Photo Credit: Representational Image/Unsplash)

  • Analysts expect British inflation to rise strongly in coming months 
  • Oil prices rose, holding near 13-month highs
  • Global stock markets mostly fell Wednesday on profit-taking after a strong global rally

16 Feburary.Washington D.C., DC, USA
Bitcoin has emerged as an attractive option for investors. (Photo Credit: Unsplash)

  • Bitcoin  struck $50,547.70
  • The price of the cryptocurrency has soared 75% since the start of 2021
  • Bitcoin is a cryptocurrency that was invented in 2008

15 Feburary.New Delhi, Delhi, India
Tesla co-founder Elon Musk had announced that the company would enter Indian market in 2021

  • Elon Musk said the real issue was too much concentration in Dogecoin
  • The billionaire is a vocal supporter of cryptocurrencies
  • Earlier this week, Tesla announced a $1.5 billion investment in Bitcoin

13 Feburary
Bitcoin has seen a humongous growth . (Photo Credit: Unsplash)

  • Dorsey is also founder and chief of financial services and mobile payments firm Square
  • The amount of the cryptocurrency announced for the fund  by Dorsey was worth about $24 million on Friday
  • The link shared by Dorsey stated the mission is to "make bitcoin the internet's currency"

11 Feburary
Elon Musk had tweeted out this picture with the caption 'ur welcome' on February 4, having replaced Simba's face with Doge. (Photo Credit: Twitter/ @ElonMusk)

  • Elon Musk bought some Dogecoins for his son on Wednesday, subsequently tweeting about it afterwards
  • Not long after, the cyprocurrency blew up
  • The surge was close to 20%, hitting unit-prices of over $47,000

9 Feburary.Washington D.C., DC, USA
Bitcoin briefly pushed to a record-high of $48,215.82 after winning a huge boost Monday. (Photo Credit: Unsplash)

  • Asia's main stock indices closed higher, with Tokyo hitting a 30-year high
  • Bitcoin briefly pushed to a record-high of $48,215.82
  • Benchmark crude contract Brent North Sea held around 13-month highs above $60 

9 Feburary.New Delhi, Delhi, India
Elon Musk invested a whopping $1.5 billion in Bitcoin(Photo Credit: Representative Image/Unsplash)

  • Bitcoins can be purchased as a whole or a fraction of its value
  • Bitcoin is a young concept and will take some time to stabilize in the market
  • Digital currencies are susceptible to falling into the pit of fraud and hackers

9 Feburary.New Delhi, Delhi, India
Bitcoin emerged as an attractive option for investors with an appetite for the exotic. (Photo Credit: Unsplash)

  • No physical form of money, Bitcoin is a digital currency
  • Tesla invested $1.5 billion in Bitcoin
  • A bitcoin is a computer file, which is stored into a digital wallet application on a device