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Added on the 25/02/2021 12:12:01 - Copyright : Trace Urban
Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc's investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers.
News that electric carmaker Tesla has bought $1.5 billion worth of Bitcoin, and that will start accepting payments in the cryptocurrency, sent its price to record highs. Bitcoin was trading over $47,000 early on Tuesday, according to the website Coindesk. Also today, we look at the boardroom battle for French waste and water giant Suez. Its rival Veolia launched a hostile takeover bid on Monday, after months of wrangling with the company's board. France's finance minister has called on the markets regulator to investigate.
Susan Walsh/AP; Erin Scott/Reuters There's no love lost between Elon Musk and Mark Zuckerberg. The billionaire tech CEOs — who helm Tesla and SpaceX, and Facebook, respectively — have been feuding since at least 2016, when a SpaceX rocket explosion destroyed a Facebook satellite. Since then, they've butted heads over everything from artificial intelligence to Facebook's data-collection practices. Most recently, Musk tied Facebook to the violent insurrection in Washington, DC, describing it as a "domino effect." Visit Business Insider's homepage for more stories.
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