Until the middle of last year, most cryptocurrency mining took place in China. Then authorities pulled the plug. So Chinese bitcoin miners began moving their gear to U.S. towns like Kearney, Nebraska.
In a recent interview with NPR, S.E.C. Chairman Gary Gensler says one of his top priorities is protecting amateur investors as his agency unveils a number of tough new rules and investigations.
Washington policymakers will soon start deciding on new rules for cryptocurrencies, setting up a fight between supporters and critics of the $2.5 trillion market.
A hamster named Mr. Goxx enters one of two tunnels in the his cage, which determines whether he will buy or sell. As of Friday, his portfolio is up nearly 20%, according to his Twitter account.
Bitcoin mining has taken a lot of heat for being harmful to the environment since it requires massive amounts of electricity to generate the invisible currency.
Weeks after setting a record high, the price for Bitcoin has fallen dramatically along with other cryptocurrencies over factors ranging from inflation to, yes, Elon Musk.
The DOJ calls this "the government's largest-ever seizure of cryptocurrency in the terrorism context." It also seizes websites ISIS allegedly used to sell fake face masks during the pandemic.
What's the point of money? The answer might seem obvious: we need it to get paid for our work, and to buy the things we need. But there's also a deeper way to look at the role of money in our lives.
Facebook's plans for a new digital currency have sent Chinese monetary officials scrambling. Since 2014, China's central bank has been looking into launching a cryptocurrency too.
The aid group Mercy Corps believes that the new Libra currency could help funnel aid to the poor. But critics wonder why the charity has teamed up with a controversial company.
The country is responding to its currency's alarmingly rapid devaluation with an unlikely solution — by devaluing it further. But many economists are not impressed.
The search giant also announced new restrictions on advertisements for other financial products. The ban on cryptocurrency-related ads follows a similar move by advertising competitor Facebook.
The Securities and Exchange Commission has sent dozens of subpoenas in recent months to cryptocurrency companies that promote "initial coin offerings."
Japanese cryptocurrency exchange Coincheck shut down trading Friday, after hackers stole hundreds of millions of dollars in digital currency. Financial regulators said they were looking into the loss.
The Securities and Exchange Commission is worried about the rise of new ways to invest in digital currencies like bitcoin. Regulators warn of potential "fraud and manipulation" in proposed funds.
