All assets associated with the tag: bitcoin
Cryptocurrencies like Bitcoin and Ethereum have rebounded, a bit, after plunging during much of 2022. Is the so-called crypto winter over?
This is not the first crypto winter, as long-term fans of bitcoin can attest. There were massive corrections in 2018, the early part of 2020 and the summer of 2021 as well.
Bitcoin slumped to a two-year low and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance.
After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry.
Smart regulation is necessary, but it won't be enough. Furthermore, with every new crisis, cryptocurrency loses more credibility. This could lead regulators to crack down harder than they would have otherwise, stifling innovation in a still-evolving field. An industry that prides itself on decentralization shouldn't rely on the government to save it from itself. Let's take a look.
The price of one bitcoin fell 3% Thursday to about $23,000 after Tesla disclosed in its latest earnings report Wednesday that it sold about 75% of its bitcoin holdings during the second quarter to raise cash. Here's a look at what's happening.
Lockdowns caused by the Covid surge in China caused sales and profits to fall at Tesla compared to the first three months of the year, the first time since the pandemic surfaced in early 2020 that the company did not report a record profit.
There are hopes that the worst for crypto might be over. Bitcoin has gained more than 15% in the past week, and two other top cryptos have surged even more. Here's what's happening.
For most of the last several years, investors were interested in understanding the tax implications of their cryptocurrency holdings from the perspective of how their gains will be taxed. Now that cryptocurrency has declined in value, we turn our attention to the tax implications of cryptocurrency losses.
NEW YORK – The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies […]
Bitcoin on Sunday rose as much as 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Here's the latest.
By Anna Cooban, CNN Business Bitcoin and other cryptocurrencies have plunged, and one of the world’s biggest lenders of cryptocurrency has paused all […]
Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.
It's easy to watch crypto's day to day volatility, as well as fringe projects like Terra and Luna enter a "death spiral," and dismiss the blockchain technology and philosophy underpinning them. But the crypto faithful say that despite its problems, crypto isn't going away.
The hits just keep coming for the cryptocurrency market following last week’s collapse of TerraUSD. The stablecoin, created to maintain its value equal to the U.S. dollar, today is worth an estimated 11 cents – a drop in market value from nearly $19 billion to roughly $1.3 billion. How could this have happened, and what could it – along with the wider market selloff – mean for the future of crypto? We invite you to join us at 11 a.m. ET this Friday, May 20, for a discussion with key experts.
People who decided to try their hand at day trading during the rise of cryptocurrency are feeling the pain of the virtual currency's crash.
Families who decided to dabble as day traders during the rise of crypto are feeling the pain of the virtual currency's crash.
Matt Talhelm, WRAL reporter
The plunge in Coinbase's stock coincides with the massive drop in the value of bitcoin, ethereum and other cryptocurrencies over the past few months. Coinbase said in its earnings report that about 48% of its transaction revenue came from bitcoin and ethereum in the quarter.
The world's most valuable cryptocurrency was down 5% Monday after plunging again over the weekend. Bitcoin prices have now plummeted nearly 15% in the past week. At a price of just above $32,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point since July 2021.
The Securities and Exchange Commission is vastly expanding its fight against cryptocurrency fraud by hiring more than a dozen new employees to combat cybercrime, the agency said earlier this week.
Fidelity Investments announced earlier this week that it will offer bitcoin as an investment option in its 401(k) plans by the middle of this year. Here's how this will work.
Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions.
Dozens of companies are using the Bitcoin 2022 conference running Wednesday through Friday as a venue to network, pitch ideas and share announcements to the industry and beyond. Here's a look at what's happening.
Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers.
Treasury Secretary Janet Yellen said the federal effort would “promote a fairer, more inclusive, and more efficient financial system" while countering illicit finance and preventing risks to financial stability and national security.