Bitcoin Coverage

Bitcoin has rallied by 25% - is the crypto winter over?

Cryptocurrencies like Bitcoin and Ethereum have rebounded, a bit, after plunging during much of 2022. Is the so-called crypto winter over?

Cryptocurrency calamity: Is the worst 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 falls to 2-year low after collapse of FTX Trading

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.

Cryptocurrency industry faces onslaught of regulation from feds

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.

Cryptocurrency crisis: Federal regulation isn't solution the industry needs

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.

What to do with bitcoin: Tesla dumps a big chunk if its holdings - should you?

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.

Tesla takes earnings hit from COVID, sells 75% of bitcoin holdings

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.

Crypto world is making a big comeback, but will it last?

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.

Crypto crash, crypto investing and your taxes: A look at impact on investors' taxes

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.

Crypto winter time: Prices plunge, companies collapse, skepticism soars

NEW YORK – The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies […]

Crypto rebound: Bitcoin rallies 7.6% back above $20,000

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.

Bitcoin meltdown deepens: Price falls; big lender halts withdrawals, swaps, transfers

By Anna Cooban, CNN Business Bitcoin and other cryptocurrencies have plunged, and one of the world’s biggest lenders of cryptocurrency has paused all […]

Crypto scams are costly - topping $1B since 2021, feds report

Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says.

Crypto crash: Is it dead or entering a 'golden era'? Investors differ ...

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.

What's future for cryptocurrency? Kenan Institute webinar to discuss latest trends

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.

Investors suffer big losses in crypto crash

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.

People investing in cryptocurrency feel pain of recent 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

Bitcoin crash is also crushing Coinbase - stock plunges to new low

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.

Bitcoin bust: Value plummets more than 50% below all-time high

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.

SEC goes on hiring spree in effort to combat cryptocurrency fraud

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 to offer bitcoin as 401(k) option - here's how it will work

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.

Cryptocurrency regulation needed to reduce risks, Treasury secretary says

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions.

Crypto party: Thousands gather for big blockchain showcase in Miami - you can watch

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.

Fed chair: Digital currencies require new rules to protect consumers

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.

Cryptocurrency crackdown: Biden wants Fed to create its own digital currency

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.