The bitcoin price has reached a new record high, breaking through $68,000, and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu. Other cryptocurrencies have also risen to…

Coinbase Global Inc. shares surged above the reference price that was set by the Nasdaq. Shares of the San Francisco-based cryptocurrency exchange, which trade under the ticker COIN, opened for trading at $381 apiece, giving the company a valuation of about $99.5 billion.  The Nasdaq set a direct listing reference price of $250 per share, or a $65.3 billion valuation on a fully…

Bitcoin (BTCUSD) may have received its biggest backer yet. Electric car maker Tesla, Inc. (TSLA) has invested $1.5 billion in Bitcoin and will soon begin accepting payments for its cars in Bitcoin “subject to applicable laws and initially on a limited basis,” according to its filing with the Securities and Exchange Commission (SEC). The company stated that the purchase was made after a…