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Bitcoin futures contracts (BTCG2021) on the Chicago Mercantile Exchange, hit a high of $50,500 today.
Bitcoin has started the week strong. Bitcoin has set a new high, reaching as high as $50K on some exchanges early Tuesday.
The recent surge in the price of Bitcoin came after a series of events that show the wider adoption of Bitcoin globally.
The news about the Morgan Stanley Unit Counterpoint Global’s probable bet on Bitcoin has sent the price of the currency to a new all-time high.
A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks.
BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
BNY Mellon said that the bank will leverage its in-house technical expertise as well as collaborate with other FinTech industry players to speed up its development of crypto custodial solutions and provide the best services to its clients.
Uber’s comment on considering crypto payments came after electric vehicle company Tesla announced its Bitcoin investment.
To start with, BNY Mellon will offer custodian services to its clients, then move forward to what its clients demand most.
Microsoft’s interest to acquire a social media giant came to light in 2020 when it tried to buy the US operations of TikTok.
The Twitter CFO said that the company is working out options if they can pay salaries to their employees in Bitcoin along with allocating part of their treasury to BTC.
It is not yet clear which currencies the payments giant will add to its network. By now, Mastercard bets on stablecoins.
JPMorgan’s strategists were quick to identify the fact that Tesla’s entrance into the crypto space was a major positive factor for the industry.
By adding a crypto wallet and exchange capabilities, Apple could attract a huge customer base due to its up to standard security system.
Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news.