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News Articles: Bitcoin

At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Tagged as: 

  • Business

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

July 26, 2022
|
By:
  • David Gura
Tesla has pulled back from its $1.5 billion investment in Bitcoin, which it announced in early 2021. Here, a Bitcoin ATM is seen last year inside a New York City store.

Tagged as: 

  • Business

Tesla cashes out $936 million in Bitcoin, after a year of crypto turbulence

Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by "Bitcoin impairment."

July 21, 2022
|
By:
  • Bill Chappell
A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology's security is vulnerable.

Tagged as: 

  • Business

Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds

A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.

June 22, 2022
|
By:
  • Martin Kaste
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura
Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.

Tagged as: 

  • Business

Crypto billionaire says Fed is driving current downturn

FTX CEO Sam Bankman-Fried says that, until investors get used to higher interest rates, risk assets, including cryptocurrency, won't recover.

June 19, 2022
|
By:
  • David Gura
A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.

Tagged as: 

  • Business

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

June 17, 2022
|
By:
  • David Gura
A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.

Tagged as: 

  • Business

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

June 17, 2022
|
By:
  • David Gura
File photo of several dozen pills containing fentanyl. They are circular and blue, with one side showing a capital letter M and the other side showing the number 30.

Tagged as: 

  • Law

Charges filed in alleged international fentanyl drug ring that killed two Navy officers in Georgia

Put on hold by the COVID-19 pandemic, a federal case against two foreign nationals is proceeding after charges were first filed in 2019.

June 02, 2022
|
By:
  • Benjamin Payne
A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets.

Tagged as: 

  • Business

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

May 14, 2022
|
By:
  • David Gura
A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets.

Tagged as: 

  • Business

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

May 14, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange in New York City on Friday. Stocks slumped again on Monday as fears about inflation are proving hard to tamp down.

Tagged as: 

  • Business

A brutal sell-off on Wall Street continues as stocks sink for a 3rd day in a row

Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.

May 09, 2022
|
By:
  • David Gura
A Bitcoin logo is displayed on an ATM in Hong Kong in 2017. More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin.

Tagged as: 

  • Your Money

Fidelity will start offering bitcoin as an investment option in 401(k) accounts

Fidelity said it has signed up one employer that will add the offering to its plan later this year. The U.S. government has warned the industry to exercise extreme care when offering cryptocurrencies.

April 26, 2022
|
By:
  • The Associated Press
A yard sign protesting the proposed cryptocurrency mine in the town of Forsyth.

Tagged as: 

  • Business

Bitcoin mines come to rural Georgia communities. They're bringing opportunities — and tensions

Cryptocurrencies are money that only exist in the internet. Still, they have to be made by computers somewhere, and the pitch to let that be somewhere close to you can be very persuasive.

April 07, 2022
|
By:
  • Lars Lonnroth
El Salvador's El Zonte is now popularly known as "Bitcoin Beach," for being the first town to use the cryptocurrency as a form of payment for services, products and salaries.

Tagged as: 

  • World

El Salvador's leader wants to go in even bigger on bitcoin

After making the cryptocurrency legal tender, President Nayib Bukele plans to launch bitcoin-backed bonds to raise $1 billion for the country.

March 27, 2022
|
By:
  • Carrie Kahn
Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker's Choice store in Salem, N.H. (AP Photo/Charles Krupa, File)

Tagged as: 

  • Your Money

With federal rules unclear, some states carve their own path on cryptocurrencies

As cryptocurrency become more mainstream, some states are introducing legislation to standardize crypto as a form of payment.

March 10, 2022
|
By:
  • Anthony Tellez
  • Load More

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