Currencies

Bitcoin and taxes: What you need to know

If you are one of the many individuals who owns bitcoins, or is thinking about buying into the emerging technology, one important thing to note is that the Internal Revenue Service (IRS) does not in fact treat the burgeoning digital currency as a currency.

Venezuela seeing bitcoin boom amid economic crisis

A growing number of Venezuelans are turning to bitcoin to make ends meet amid the country’s economic crisis, including John Villar, who in the last month has bought has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his startup business — all in bitcoin.

Bitcoin margins raised by CME in preparation for volatility

The CME has increased its margin requirements for bitcoin futures to 43% ahead of the launch, up from 35%. “Margins for CME bitcoin futures are being increased to 43% for launch as a result of the normal review of market volatility to ensure adequate collateral coverage,” according to a release from the CME.

The Latest: Greek court backs Russian suspect's extradition

The Latest on the Greek ruling on the extradition of Russian cybercrime suspect Alexander Vinnik (all times local): 2:30 p.m. Greece's Supreme Court has ruled in favor of a request to extradite a Russian cybercrime suspect to the United States to stand trial for allegedly laundering billions of dollars using the virtual currency bitcoin.