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European stocks trade near record high while crypto volatility hogs the spotlight MarketWatch 1 hr ago EUROPE MARKETS © -/Agence France-Presse/Getty Images A Belarusian dog handler checks the luggage off a Ryanair Boeing 737-8AS (flight number FR4978) parked at Minsk International Airport on May 23, 2021. Video: Impact of inflation on bonds and your portfolio (CNBC) Impact of inflation on bonds and your portfolio Replay Video UP NEXT European stocks traded in a tight range on Monday near record territory, as the market focus continued to be on the volatility in the cryptocurrency space....

The world’s first bitcoin chess tournament, the FTX Crypto Cup, is being held from May 23. “A cool $100,000 of that is a bonus paid in crypto by new sponsor FTX, the leading cryptocurrency exchange. “Fans will be able to track the prize pot’s value in real-time throughout the broadcast to see how it fluctuates,” says a press release. The tournament is the final major in this season’s $1.5million Meltwater Champions Chess Tour, the richest and most prestigious online chess event in history. World Champion Magnus Carlsen will take centre stage as the current tour leader, but will fa...

Bitcoin "prices have fallen about 30% from intraday highs in April, when they topped $64,000," reports Bloomberg.

Bitcoin chartists see rout worsening with $US40,000 in focus Joanna Ossinger Save Share A cohort of chart watchers on Wall Street say bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify. Evercore ISI’s Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other speculative assets, which would put bitcoin back at $US40,000 compared with just under $US44,000 currently. Others are watching for a pattern of “lower highs and lower lows” and say Elon Musk’s unpredictable tweets will keep tr...

(May 13): Cyptocurrency enthusiasts got a nasty shock Wednesday when Elon Musk, founder of Tesla Inc. and the second-richest person on the planet, announced on Twitter that his automaker wouldn’t accept payment in Bitcoin any more due to environmental concerns. After all, this is the same man who just a few months earlier said Tesla bought into Bitcoin, to the tune of $1.5 billion. He tweeted “True” in response to a thread citing research that mining the token might actually spur the uptake of renewable energy, from Ark Investment Management LLC. Bitcoin mining is known to be energy-...