MasterCard

Bitcoin has surpassed the $50,000 mark for the first time on Tuesday, after Tesla, BNY Mellon and Mastercard showed support for the cryptocurrency and "the city of Miami’s recent moves to adopt bitcoin, and rumors of Uber and Apple jumping aboard."

Credit card company Mastercard has announced that it will enable transactions with cryptocurrencies in the future - pushing the bitcoin price, which has been rising for weeks, even higher.

Bitcoin rose to a new all-time high of $48,481. This means that bitcoin is taking aim at the round mark of 50,000 US dollars for the first time.

The site made the announcement days after Discover, Mastercard, and Visa all stopped accepting payments from Pornhub over concerns the platform was hosting thousands of child porn and rape video clips. In its defense, Pornhub is questioning why the child porn controversy is threatening its business when illegal videos continue to circulate on mainstream social media sites such as Facebook. However, the founder of TraffickingHub, Laila Mickelwait, has long argued that Pornhub often ignored the child porn videos on its site, leaving victims to suffer while it profits from the traffic.

Visa and Mastercard opened investigations and put MindGeek's business relationship under scrutiny on Monday after a New York Times report indicated that child abuse and non-consensual sexual violence videos had been published on Pornhub.

According to the New York Times, Mastercard stated on Thursday that the investigations had confirmed "violations of our standards to ban illegal content" on Pornhub's website. MindGeek announced on Tuesday restrictions on uploads and downloads to Pornhub in view of the accusations in the New York Times report and the subsequent investigations by Visa and Mastercard.

According to Mastercard about 90% of its employees are currently working remotely, despite most offices being open for work. The chief executive Ajay Banga said that "I'm not planning on getting back to a pre-Covid growth scenario for another year. I think that could be sometime next year when a vaccine is readily available and readily distributed." All employees can "make the decision on when they feel comfortable returning to an office. They know their personal circumstances and needs".