Bitcoin has dipped back from record highs of almost $50,000, falling 5.6pc in some markets in overnight trading as investors took their profits from the digital coin.

The cryptocurrency has been on a gravity defying runs since last year. The digital coin’s price peaked early on Monday morning at over $49,700, before withdrawing slightly.

Elsewhere, there are questions over Tesla’s Governance as we reveal one of its top board members, who also signed off on its crypto investment, is an investor in several digital coin companies.