Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down.
LONDON (Reuters) - Bitcoin hit a new record high on Monday above $70,400, as the surge in the biggest cryptocurrency showed no signs of slowing down.
It rose to $70,488.50 in early European trading, LSEG data showed. The cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates.
(Reporting by Harry Robertson; Editing by Amanda Cooper)
Reuters
LONDON (Reuters) -U.S. investor Elliott Advisors does not intend to make an offer for Currys, saying the board of the British electricals retailer would not engage with it. Shares in Currys, which last month rejected an improved 757 million pounds ($973 million) proposal from Elliott, were down 9% in early trading. "Following multiple attempts to engage with Currys' board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it," Elliott said on Monday.
Reuters
Tesla's German gigafactory near Berlin could be supplied with electricity again from Monday, the power firm in charge of fixing the ongoing power outage, which has downed the plant since March 5, said. News about the early resumption of power supply comes after the works council chief of Tesla's German plant on Friday said that the factory would restart this week, without mentioning a specific date. The outage has cost Tesla around 1,000 cars per day that it cannot produce, with the factory's head saying last week that the supply disruption would cause damages in the high triple-digit million euro area.
Reuters
LONDON (Reuters) -Britain's financial watchdog said on Monday it will now permit recognised investment exchanges to launch crypto-backed exchange-traded notes, the latest regulator to pave the way for digital asset trading products. Theses products would be only available for professional investors such as investment firms and credit institutions authorised to operate in financial markets, the Financial Conduct Authority (FCA) said in a statement. However the FCA warned that crypto exchange traded notes (ETNs) - bonds issued by financial institutions that track the performance of underlying assets - pose harm to retail investors.
Bloomberg
(Bloomberg) -- Alibaba Group Holding Ltd. will roll out a new employee incentive plan starting April that combines equity with cash, a significant adjustment designed to help the e-commerce giant attract and retain talent despite fierce competition.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorSlow US Inflation Retreat Is Set to Bolster Fed Patien
Bloomberg
(Bloomberg) -- European stocks fell along with US equity futures at the start of a data-heavy week that will test the market’s conviction that Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorSlow US Inflation Retreat Is Set to Bolster Fed P