Getting To Know The Bitcoin Currency
Bitcoin as a currency is not a new concept. This is a tool that has been in use since the invention of paper. In fact, it can be credited with creating the first completely decentralized online transaction. When you hear about people making transacti.....»»
New York Passes a Bill To Limit Bitcoin Mining
New York lawmakers have passed a bill that would temporarily ban new bitcoin mining operations. Early on Friday, state senators voted 36-27 to pass the legislation. It's now bound for the desk of Governor Kathy Hochul, who will sign it into law or ve.....»»
GOP senators want to ban China’s digital currency from US apps and app stores
Sen. Tom Cotton says China will use digital yuan to "spy on anyone who uses it." Enlarge (credit: Getty Images | Diyun Zhu) Three Republican senators are proposing a law to prohibit app stores from carrying apps that accept pa.....»»
Top Fed Official Warns About US Falling Behind in Digital Dollar Race
A top Federal Reserve official gave a stark warning to House lawmakers on Thursday: Move too slow in issuing a central bank digital currency and the dollar's global dominance could eventually be in jeopardy. From a report: "We shouldn't take the doll.....»»
Bizarre bill proposed to prevent Chinese currency "spying" on US
Senators who claim that Americans are at risk of somehow buying apps using China's digital yuan currency, have introduced a bill to show they're doing something about it.Senators Tom Cotton (R-AR), Marco Rubio (R-FL), and Mike Braun (R-IN) have launc.....»»
US Bill Would Bar Google, Apple From Hosting Apps That Accept China"s Digital Yuan
Republican Senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China's digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system coul.....»»
China Makes a Comeback in Bitcoin Mining Despite Government Ban
While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year. From a report: The US accounted for 37.84% of global hashrate.....»»
Can introducing a central bank digital currency improve social welfare?
While cash is issued in the form of physical paper and coins, central bank digital currency (CBDC) involves recording transaction information in a digital ledger kept by the central bank. A study published in Economic Inquiry examines how introducing.....»»
Bitcoin a safe haven during national economic crises, but not during COVID-19 pandemic, research finds
Research by a Kingston University economist provides fresh evidence for Bitcoin being a safe haven for finance during a nation's economic crisis. The cryptocurrency proves volatile during a global crisis, however, as seen during the COVID-19 pandemic.....»»
Bitcoin Has No Future as a Payments Network, Says FTX Chief
Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto's most influential chief executives. From a report: Sam Bankman-Fried, founder of the digital asset exchange FTX, said th.....»»
Germany Affirms Crypto Sold After One Year Is Tax-free
Crypto investors in Germany won't pay tax on sales of digital assets such as bitcoin and ether -- as long as they're held for more than one year. From a report: Germany's Federal Ministry of Finance shared the ruling in a 24-page document, which form.....»»
Bitcoin plunges to lowest price since 2020 amid broader sell-off
The "stablecoin" Tether briefly lost its peg to the dollar on Thursday morning. Enlarge (credit: R.Tsubin / Getty) The price of one Bitcoin briefly fell below $27,000 on Thursday morning, the lowest price for the cryptocurrenc.....»»
El Salvador"s Bitcoin Losses Swell To 28% As Bukele Buys More
An anonymous reader quotes a report from Bloomberg: President Nayib Bukele's Bitcoin gambit is becoming onerous for cash-strapped El Salvador but that isn't stopping him from adding to his stockpile. Bukele's bought 2,301 Bitcoins for the government.....»»
El Salvador buys more bitcoin after ratings agency downgrades its debt
Meanwhile, the leading algorithmic "stablecoin" has broken its peg to the dollar. Enlarge / Nayib Bukele, president of El Salvador. (credit: Kellys Portillo/APHOTOGRAFIA/Getty Images) Bitcoin's price has plunged in recent days.....»»
"Crypto Muggings": Thieves in London Target Digital Investors By Taking Phones
Thieves are targeting digital currency investors on the street in a wave of "crypto muggings," police have warned, with victims reporting that thousands of pounds have been stolen after their mobile phones were seized. From a report: Anonymised crime.....»»
Bitcoin value drops by 50% since November peak
The slide in the value of cryptocurrencies comes as stock markets around the world have also fallen......»»
Cryptocurrency Markets Drop $200B, Bitcoin Down 50% Since November
40 days ago Bitcoin sold for $47,454. It's price now is $34,007 — a drop of 28%. About a third of that drop happened this week, as "Bitcoin, ethereum and other major cryptocurrencies have fallen sharply," Forbes reports, "wiping around $200 bi.....»»
Bitcoin Is Coming to Your 401(k). But Your Employer Probably Won’t Let You Invest in It
Fidelity opened the door for a future of crypto retirement savings. But the decision has been met with pushback, including from the U.S. Department of Labor A version of this article was published in TIME’s newsletter Into the Metav.....»»
New York Closes In On Bitcoin Mining Crackdown
A New York bill that would ban new bitcoin mining operations is "swiftly making its way through the state capitol in Albany," reports CNBC. Some industry insiders fear that the bill, which calls for a two-year moratorium on certain cryptocurrency min.....»»
Australia is investigating a digital currency, or e-dollar, but its benefits seem slight and the risks to privacy large
We are used to thinking of money as notes and coins, the kind most of us hold in our wallets. But most money—in Australia it's 96.3%—is digital, held by financial institutions and moved around via bank transfers, debit cards and credit cards......»»
Warren Buffett wouldn"t pay $25 for all the Bitcoin in the world, but he does like Activision Blizzard
Berkshire Hathaway CEO/Chairman Buffett has made his feelings toward crypto clear in the past; he once called Bitcoin "rat poison squared." At his company's annual shareholder meeting on Saturday, Buffett once again rallied against digital currencies.....»»