Author: Penny White

Record-breaking Bitcoin tumbles on Yellen warning

Bitcoin tumbled Tuesday out of the record-breaking run following US Treasury Secretary Janet Yellen cautioned that the’highly speculative’ device might be used to get’illegal’ functions. At approximately 1500 GMT, the electronic money slid 12.57percent to $47,946, whereas competing ethereum declined 15 percent to $1,539. Tesla manager Elon Musk – that firm has spent heavily into…

Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs

Cryptocurrency miner Marathon Patent Group declared on Monday it bought 150 million of bitcoin following the cryptocurrency dropped from historical highs of over $40,000. The business purchased 4,812.66 BTC in an estimated average cost of $31,167.79 percent at the trade, which has been allowed by NYDIG, a top tech, and financial services company devoted to…