Bitcoin

On Sunday, Bitcoin’s value surged above €27,000 for the first time, as the leading cryptocurrency continues to break records. While going down slightly, the price still stands at a significant €25,561.

The increase was chalked down to interest from big investors seeking speedy profits, and comes after Bitcoin jumped 300 per cent last year, with other digital currencies also experiencing an increase in price.

Ethereum, the second biggest cryptocurrency on the market, gained 465 per cent in 2020.

While Bitcoin has experienced an increase in value in recent times, the cryptocurrency has still proved to be a volatile investment.

Following on the events that took place three years ago, the crypto’s soaring price has caused concern among stakeholders that Bitcoin is due for a significant correction, similar to what happened in 2017 when the value collapsed after a bull run.

During this period, Bitcoin came close to breaching through the $20,000 (€16,254) level, only to hit lows of €3,300 (€2,683).

Moneybase promises 48-hour turnaround for opening business accounts

February 19, 2024
by Rebecca Anastasi

Calamatta Cuschieri’s Moneybase Business aims to streamline financial processes, and offer a personalised easily accessible, automated service driven by client-needs

European Commission revises Malta’s economic growth projection upwards to 4.6%

February 15, 2024
by Anthea Cachia

Projections were published on Tuesday as part of the European Commission’s 2024 winter economic forecast

Going beyond the basics: How BOV is investing in the future well-being of its people

February 9, 2024
by BN Writer

One year post its Voluntary Occupational Pension Scheme launch, BOV remains committed to being an employer of choice