Bitcoin

Bitcoin and other new types of cryptocurrency exist only in the virtual world and are traded outside the traditional banking system on digital ledgers called blockchain, making them hard to regulate and enticing to rogue regimes and terror groups alike.

Crypto platforms begin cutting off Chinese users after government declares transactions illegal

Zach Halaschak · September 27, 2021 4:19 pm

A collection of bitcoin, litecoin, and ethereum tokens. The Financial Stability Oversight Council, chaired by Treasury Secretary Steven Mnuchin, has set up a working group on cryptocurrencies. The group comprising top federal regulators would examine the potential for speculation on cryptocurrencies to hurt consumers and for the digital currencies to be used for illicit purposes.(Chris Ratcliffe/Bloomberg)

Bitcoin spirals as China declares crypto transactions illegal

Zach Halaschak · September 24, 2021 1:54 pm

A collection of bitcoin, litecoin, and ethereum tokens. The Financial Stability Oversight Council, chaired by Treasury Secretary Steven Mnuchin, has set up a working group on cryptocurrencies. The group comprising top federal regulators would examine the potential for speculation on cryptocurrencies to hurt consumers and for the digital currencies to be used for illicit purposes.(Chris Ratcliffe/Bloomberg)

Treasury Department rolls out first-ever sanctions against cryptocurrency exchange

Zach Halaschak · September 21, 2021 4:40 pm

Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York's Times Square, Wednesday, April 14, 2021. Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company.

Coinbase quietly scraps ‘Lend’ product after SEC dustup

Zach Halaschak · September 20, 2021 8:10 pm

An American flag flies outside of a Walmart Inc. store in Secaucus, New Jersey, U.S., on Wednesday, May 16, 2018. Walmart is scheduled to release earnings figures on May 17.

Litecoin unstable after fake Walmart press release fools news outlets

Kaelan Deese · September 13, 2021 3:21 pm

FILE - This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday, April 16, 2014, the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February.

New York county IT supervisor accused of using taxpayer dollars to mine Bitcoin

Asher Notheis · September 9, 2021 3:59 pm

Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York's Times Square, Wednesday, April 14, 2021. Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company.

Federal regulators threaten Coinbase with lawsuit, CEO says

Zach Halaschak · September 8, 2021 5:02 pm

A Salvadoran boy stands next to a car as he waits in front of a small shop that accepts Bitcoin in San Salvador, El Salvador, Saturday, Sept. 4, 2021. The government of President Nayib Bukele, will inaugurate on September the Chivo ATM network, which will be used as the digital wallet of the cryptocurrency, pushing El Salvador as the first country to adopt BitCoin as a legal currency.

Bitcoin plunges on day El Salvador adopts it as national currency

Zach Halaschak · September 7, 2021 4:52 pm

Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler testifies on Capitol Hill in Washington, Tuesday, July 30, 2013, before the Senate Banking Committee as lawmakers examine how to mitigate systemic risk in financial markets through Wall Street reforms.

SEC boss says cryptocurrency can’t last long outside of regulation: ‘Finance is about trust’

Zach Halaschak · September 1, 2021 7:46 pm

Understanding Bitcoin requires a proper frame of reference.

Bitcoin touches $50K for first time in months in summer bounce back

Zach Halaschak · August 24, 2021 9:37 pm

Rep. David Schweikert, R-Ariz., joined at left by Rep. Tom Rice, R-S.C., makes a point as the House Ways and Means Committee continues its debate over the Republican tax reform package, on Capitol Hill in Washington, Wednesday, Nov. 8, 2017.

Cryptocurrency advocates rally for second push to fix tax provision that poses major threat

Nihal Krishan · August 11, 2021 10:08 am

Bipartisan infrastructure bill includes billions for tech

Christopher Hutton · August 6, 2021 3:00 am