Asia Business

Bitcoin breaks $100,000, outshining wavering stock markets

Bitcoin shot past $100,000 for the first time on Thursday, taking the limelight away from stock markets that wavered as investors tracked political crises in France and South Korea.Oil prices fell modestly despite a move by the OPEC cartel and its allies to extend their supply cuts amid concerns about oversupply.Wall Street’s main stock indexes …

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British regulator approves Vodafone UK, Three merger

Vodafone and Three, the UK division of Hong Kong-based CK Hutchison, are set to create Britain’s biggest mobile phone operator after the country’s competition regulator backed the deal Thursday.The Competition and Markets Authority (CMA) said in a statement that the tie-up will proceed after the companies pledged to invest billions of pounds on rolling out …

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Trump says ‘you’re welcome’ after bitcoin leaps over $100,000

US President-elect Donald Trump on Thursday took credit for bitcoin’s historic surge past $100,000, telling his social media followers “you’re welcome” after the cryptocurrency jumped more than 50 percent since his election victory.”CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump, who in September launched his own crypto platform, wrote on …

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Bitcoin leaps over $100,000 as traders cheer Trump pick

Bitcoin broke $100,000 for the first time Thursday after Donald Trump nominated cryptocurrency backer Paul Atkins to head the US securities regulator, reinforcing optimism the incoming president will deregulate the sector.The digital unit has enjoyed a blistering rally since the November 5 election of Trump, who pledged to make the United States the “bitcoin and …

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Bitcoin breaks $100,000, Seoul retreats as traders eye S. Korea drama

Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea’s president faced impeachment after his brief imposition of martial law this week.After hovering around the mid-$90,000 mark in recent weeks, the popular cryptocurrency finally shattered the historic level in Asia after incoming US president Donald Trump picked crypto proponent …

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