Tesla gave Bitcoin its most significant corporate endorsement to date with a $1.5bn investment in the world’s most popular cryptocurrency. The rise extends a rally in the volatile digital asset that delivered over 300% gains in 2020.

The Financial Conduct Authority (FCA), the UK financial regulator, has banned the sale and promotion of derivatives of cryptocurrencies, including bitcoin, to amateur investors.

Reddit day traders have sent Gamestop’s share price soaring in an attempt to defy Wall Street investors.

Bitcoin’s price soars to a record high, as investors believe it could be used as a medium to store wealth.

Since the start of the pandemic, bitcoin’s value has increased by 700% and it exceeded $40,000 for the first time earlier this month. This recent surge reflects growing confidence among mainstream investors, financiers and central banks in the future of bitcoin and similar cryptocurrencies within the global financial architecture.