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LONDON (Reuters) - Bitcoin was fast approaching the $50,000 mark on Tuesday as the afterglow of Elon Musk-led Tesla's investment in the cryptocurrency had investors reckoning it may become a mainstream asset class for both corporations and money managers.
Bitcoin's rally above US$15,000 (RM61,695) has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.
Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin.
The mammoth bond market has long been the old-school bastion of the financial world, but the Covid-19 pandemic has cast a light on its future – and it looks electronic. Well, mainly.
Smartphone sales in China are rising again as Covid-19 cases there decline and global demand for chips used in work-from-home networks is surging, positioning Asian tech firms for a slow but steady recovery, their early quarterly report cards showed.
Foreign exchange firm Travelex said it was restoring tools that process customer orders electronically almost two weeks after the company said cyber hackers were holding its systems to ransom.
Travelex said on Jan 7 that a ransomware attack led to its systems being taken offline last week.
A short video clip on the Molly Ramm Instagram account shows a young woman cruising down a sunbathed Dubai highway in a Lamborghini with the music blaring. She has a six-figure mindset, it says. But that may be changing.
China's Huawei said on Feb 6 it will spend a further £3bil (RM16.36bil) on procurement in Britain as the world's largest telecom equipment maker seeks alternatives to the United States, where it faces an effective ban.
The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country.