Currencies

Bitcoin hits new record high as warnings grow louder

Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day, as warnings grew over the risks of investing in the highly volatile and speculative instrument.

Bitcoin buyers: 'Be ready to lose all your money,' UK regulator says

The head of one of Britain’s leading financial regulators put a warning out to bitcoin buyers late Thursday, saying the cryptocurrency is a “very volatile commodity,” and those who chose to invest should be prepared to “lose all their money.”

Shun bitcoin, invest in blockchain?

Bitcoin is a controversial investment: While many people have profited as the cryptocurrency has soared from relative obscurity to an investment worth over $16,000 as of Friday morning, many economists and business leaders continue to warn of a coming collapse.

Global stock markets drop after Fed rate hike

Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment.

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.