Cryptocurrencies Crashed This Week; Digital Coins Are Still The FutureIt hasn't been a great week for digital currencies. Bitcoin is trading nearly 40% below its record price of $64,000 following a sudden crash sparked by regulatory moves in China.
U.S. Treasury Plans Tax Changes to Boost IRS Monitoring of Cryptocurrency UseThe Biden administration is taking steps to ensure Americans who pay for goods or services with cryptocurrencies don’t sidestep the tax man.
Coinbase Soars In Market Debut, Valued Near $86 BillionSan Francisco-based Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Oakland A's Selling 6-Person Luxury Suites For A BitcoinRiding the growing popularity of cryptocurrency, the Oakland Athletics have announced that fans can purchase a 6-person luxury box for the upcoming season for a single bitcoin.
Jay-Z, Twitter CEO Jack Dorsey Announce Bitcoin Development FundBitcoin's big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund.
Daly City Man Reports Being Scammed Out Of $27,000 In BitcoinPolice in Daly City are investigating an incident that occurred last week in which a man was reportedly duped out of approximately $27,000 in Bitcoin.
Ex-Girlfriend Of Silk Road Mastermind On Dating A Man Wanted By FBI"I think he knew he was going to get caught -- and end up being a martyr for his cause," says Julia Vie, the former girlfriend of Silk Road creator Ross Ulbricht.
Steve Wozniak Lawsuit Accuses YouTube Of Ignoring Cryptocurrency Scam While Collecting Ad RevenueFor months before a scam co-opting the accounts of several famous people on Twitter was revealed and quickly quashed last week, a similar scheme was being perpetrated on YouTube using images of Apple cofounder Steve Wozniak, Microsoft cofounder Bill Gates, Tesla founder Elon Musk and others, according to a lawsuit filed this week.
PayPal Exits Facebook Digital Payments Project LibraPayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.
Fed Chairman: Facebook's Cryptocurrency Libra 'Raises Many Serious Concerns'The Federal Reserve has set up a working group to evaluate Facebook's Libra cryptocurrency, Chairman Jerome Powell told the House Financial Services Committee during his testimony Wednesday.
Facebook Announces Plans To Launch Digital Currency 'Libra' Next YearFacebook is unveiling plans to create a new digital currency similar to Bitcoin for global use.
Report: Facebook Looks to Launch Its Own CryptocurrencyThe Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.
Couple Arrested In Bitcoin Theft, 1 Suspect Still At-LargeA woman and two men allegedly stole a computer that contained Bitcoin worth $10,000 after a family refused to pay more for the trio's services.
Menlo Park High-End Jewelry Store First In World To Accept CryptocurrencyStephen Silver is known for selling rare, ultra-high end jewelry and watches. It is the first jewelry store in the world that accepts in cryptocurrency.
Bitcoin Goes on Wild Ride and It May Only Get CrazierBitcoin volatility has created a circus-like atmosphere. Some companies have added the word "bitcoin" or related terms to their names to get in on the action. Crazy thing is, it's worked.