El Salvador's adoption of bitcoin as legal tender may have been a watershed moment for cryptocurrencies. But in the United States, even though you can use crypto to buy and sell products or services, don't think for a minute that makes it just like cash -- at least not if you want to avoid trouble with the IRS.
Read More »Tag Archives: Bitcoin
$600 million gone: The biggest crypto theft in history
Washington (CNN Business)-Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry's history.
Read More »EXPLAINER: How cryptocurrency fits into infrastructure bill
WASHINGTON (AP) — What does Bitcoin have to do with roads and bridges?
Read More »
Deciphering Cryptocurrency
Chip Rutan watched in recent weeks as the value of cryptocurrencies plummeted. To him, it was all part of the up and down cycles he has witnessed since he first bought cryptocurrencies about four years ago. “This is kind of the pattern that it always has been,” said Rutan, owner of Rutan Productions in New ...
Read More »
A short history of cryptocurrencies
Today, there are thousands of cryptocurrencies, but they can all trace their origins to one, Bitcoin, which was created in 2008. Here is a look at some of the basics about cryptocurrencies, largely based on information found at Schwab.com, an international financial services company, and Coinbase.com, an online cryptocurrency exchange and information platform. The beginning ...
Read More »Some locals say a bitcoin mining operation is ruining one of the Finger Lakes. Here’s how.
Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming and wine tasting. But for many residents of this bucolic region, there’s a new activity this season — protesting a gas-fired power plant that they say is polluting the air and heating the lake.
Read More »Bitcoin ticks back up to $34,000 after a dizzying 48 hours
Bitcoin returned above the $30,000 mark on Wednesday, highlighting the extreme volatility that has plagued cryptocurrencies in recent months.
Read More »Bitcoin drops below $30,000 as relentless China crackdown weighs
Bitcoin on Tuesday fell below $30,000 for the first time since January,briefly erasing gains for the year and adding to losses sparked a day earlier when China's central bank deepened a crackdown on cryptocurrencies.
Read More »Bitcoin tumbles 10% in wake of deepening China crackdown
Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin liquidity for the losses.
Read More »China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas
China has long been home to more than half the world’s bitcoin miners, but now, Beijing wants them out ASAP.
Read More »
Sheetz to begin accepting cryptocurrency payments at select stores
Sheetz will begin accepting digital currencies like Bitcoin, Ether, Litecoin and Dogecoin through digital currency payment company Flexa.
Read More »
Is it big time for Bitcoin? Deal with Sheetz seen as a step toward mainstream acceptance
As purveyors of Bitcoin seek out mainstream acceptance, the cryptocurrency – arguably the best-known in a diverse field – may have just gotten a boost in Pennsylvania.
Read More »