Stocks are off to a mostly lower start on Wall Street Thursday, a day after the S&P 500 and the Dow Jones Industrials approached the record highs they set this summer. The S&P 500 was off 0.2% in the early going, and technology companies were weighing most heavily on the index. IBM slumped 6.5% after reporting quarterly revenue that fell shy of analysts’ forecasts. Among other companies reporting earnings, Tesla rose 1.5% after reporting record profits despite parts shortages and shipping delays, European markets were also lower and Asian markets ended mixed. Crude oil prices fell about 1%.
NEW YORK (AP) — Bitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currency's rise.
NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.
An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant.
BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin.
The Ripple Nelnet Renewable Energy Fund will invest in solar projects that will offset 1.5 million tons of carbon dioxide over 35 years, the equivalent of eliminating the use of 154 million gallons of gasoline, the companies said.
Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold.
BRUSSELS (AP) — The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire.
BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
Sep.24 -- China has issued its strongest signal yet on its determination to crack down on the cryptocurrency industry. The People’s Bank of Ch…
Here are answers to 10 of the most pressing questions many people have about cryptocurrencies.
Virtual currencies are taxed as property, or as an investment, when you sell them. To make matters more confusing, using them to buy something technically counts as selling.
It may sound crazy, but crypto fashion makers are making serious money. Buzz60’s Tony Spitz has the details.
Rick Horrow joins and explains why the NFL is considering playing games in Germany.
Rick Horrow joins and explains if college athletes will get paid anytime soon.
Credit card companies want to get involved in the cryptocurrency conversation by offering rewards in digital currencies…but should you get one…
The measure would make Nebraska the second state to create a formal charter for “cryptobanks," allowing them to help facilitate transactions. The first state was Wyoming, which chartered its first institution in September.
Find out which countries have donated the most money to COVAX, plus which U.S. states have lifted COVID-19 restrictions, and more of this week…
"Tiger King" star Carole Baskin has launched her own cryptocurrency, called $CAT, allowing fans to buy merchandise from her Florida animal sanctuary.
For the second time this week, the cryptocurrency Dogecoin has hit a milestone. And this time around, it may be thanks to Tesla CEO Elon Musk.