Bitcoin

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.

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.

Niall Ferguson, historian and author of ‘The Ascent of Money,’ weighs in on concerns of a potential bitcoin bubble.

The U.S. Federal Reserve will be keeping a watchful eye on bitcoin and other cryptocurrencies, Fed chair nominee Jerome Powell said before Congress on Tuesday.

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.

Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week.

Bitcoin futures began trading on the Chicago Board Options Exchange (CBOE) on Sunday, a move seen as a milestone for the cryptocurrency.

Ethereum is trading above $600 for the first time this week. The digital currency has jumped 98% in value in the last month and more than 7,250% since this time last year, according to Coinbase.