The Biden administration is calling for more oversight as the adoption of cryptocurrencies grows, saying they pose significant risks.
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.
As cryptocurrency become more mainstream, some states are introducing legislation to standardize crypto as a form of payment.
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.
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.
Libra will be controlled by a nonprofit group in which Facebook will share responsibilities with companies ranging from Mastercard and PayPal to Uber and eBay.
Bitcoin is known to be volatile. But recently it has suffered a rash of notable losses. Analysts are looking to the amount of computing power used and the split of a rival cryptocurrency for answers.
Tech Bureau Corp., which owns the Zaif cryptocurrency exchange, says the security breach occurred last week, and was discovered several days later.
The former Soviet nation of Georgia now consumes more power in mining cryptocurrencies than the United States. What's going on?