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.

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.

Greek court backs extraditing Russian bitcoin suspect to US

Greece's Supreme Court is due to rule whether to allow the extradition of a Russian cybercrime suspect to the United States to stand trial for allegedly laundering billions of dollars using the virtual currency bitcoin.