The need then is to regulate, not ban, experts say
The world's largest cryptocurrency jumped as much as 4.9 per cent to $50,548 and is now up about 70 per cent, so far this year
The recent trigger being Tesla, Inc.'s announcement of having bought $1.5 billion in bitcoin.
Bitcoin has been on a tear in recent times
Musk's electric vehicle company Tesla Inc revealed on Feb. 8 it had bought $1.5 billion of the cryptocurrency bitcoin and would soon accept it as a form of payment for cars
Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmille
Elon Musk's $1.5 billion investment in bitcoin last week is testimony to the potential of the digital asset.
Bitcoin reached $49,000 before erasing gains
Bitcoin surged yet again to a new record high after BNY Mellon said it will offer custodian services for cryptocurrencies
Bank of New York Mellon said Thursday it will hold, transfer and issue Bitcoin and other cryptocurrencies for institutional customers
Twitter had considered how it might pay vendors or employees using bitcoin, should they ask to transact using the virtual currency
She said passage of the Anti-Money Laundering Act in December would allow the Treasury Department to rework a framework for combating illicit finance that has been largely unchanged since the 1970s
Banning cryptocurrencies is a poor idea
Tesla's $1.5 billion Bitcoin investment unveiled on Monday may not surprise CEO Elon Musk's followers on Twitter, where he has shown himself as a major proponent of the soaring cryptocurrency
Skepticism is high about "Retail Direct" because previous attempts at bringing public debt to the masses haven't gone anywhere
From New Budget rules on holding firms queering the pitch for sovereign, pension funds to Pawan Ruia's EoI for Air India, Business Standard brings you the top headlines at this hour
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers
Operationalising the ban is being fleshed out by Centre
Bitcoin powers to new high as Elon Musk's Tesla takes it mainstream