bitcoin

Economy

Bitcoin Is Plunging. What To Know About The Wild Ride In Cryptocurrencies

5:49pm May 20, 2021

by David Gura

Weeks after setting a record high, the price for Bitcoin has fallen dramatically along with other cryptocurrencies over factors ranging from inflation to, yes, Elon Musk.

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Alipay and WeChat QR codes for online payment are displayed at a vegetable stall in Nantong in China's eastern Jiangsu province. Now China's central bank is preparing to test a digital currency.

Economy

China To Test Digital Currency. Could It End Up Challenging The Dollar Globally?

8:10pm January 13, 2020

by Scott Horsley

Bitcoin promises users anonymity, but transactions using China's digital currency would be tracked by its central bank. Experts say it could someday rival the dollar in international payments.

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Fans used to cool bitcoin data miners are hooked up in a bitcoin data center in Virginia Beach, Va., in February.

Economy

Bitcoin Is Bouncing Around Again. Here Are Some Possible Causes

5:19pm November 28, 2018

by James Doubek

Bitcoin is known to be volatile. But recently it has suffered a rash of notable losses. Analysts are looking to the amount of computing power used and the split of a rival cryptocurrency for answers.

Bernie Moreno at his Mercedes-Benz dealership in a Cleveland suburb. Moreno is an evangelist for blockchain, the technology behind the cryptocurrency Bitcoin. He wants to turn Cleveland into a tech hub with blockchain at the core.

From Believeland To Blockland — Cleveland Aims To Be A Tech Hub

5:54am November 23, 2018

by Jeff St. Clair

Some civic leaders in Cleveland want the local economy to embrace blockchain, the technology behind bitcoin. It will only work if the average citizen grasps what this new cryptocurrency is all about.

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Some of the cattle grazing on the Persson Ranch are tracked using blockchain technology, which may allow consumers to know where their meat comes from and more.

National

Where's The Beef? Wyoming Ranchers Bet On Blockchain To Track It

9:35pm August 15, 2018

by Kamila Kudelska

By tagging cattle and updating their data about their free-range, grass-fed quality of life using blockchain, some ranchers are hoping to solve paper tracking pitfalls and sell their beef for more.

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Politics & Government

North Carolina Won't Allow Candidates To Accept Cryptocurrencies

10:57am August 01, 2018

by Associated Press

Candidates for political office in North Carolina will not be allowed to accept campaign donations in Bitcoin or other cryptocurrencies.

Massena, N.Y., Town Supervisor Steven O'Shaughnessy says the community is hungry for jobs, and cryptocurrency miners could represent a huge opportunity. "They need lots of power," he says. "And we can provide that."

National

Cryptocurrency Miners Make Big Promises In Small Towns

5:02am May 28, 2018

by David Sommerstein

Massena, N.Y., has hemorrhaged factory jobs over the past decade. Now, digital currency mining firms have come to town, promising jobs and investment.

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Cryptocurrency mining has come to Georgia. U.S.-based company Bitfury has been accounting for much of the buzz.

World News

How The Tiny Nation Of Georgia Became A Bitcoin Behemoth

8:37am April 23, 2018

by Andrew North

The former Soviet nation of Georgia now consumes more power in mining cryptocurrencies than the United States. What's going on?

As of Monday, Atlanta Mayor Keisha Lance Bottoms had said the city hadn't decided whether it will pay the cyberattackers.

Time Is Running Out For Atlanta In Ransomware Attack

6:55pm March 28, 2018

by Vanessa Romo

The deadline to pay off the hackers who have crippled many of the city's online services is fast approaching. It's uncertain whether the city will pay to save its data; it may even be too late.

Rapper 50 Cent, Who Bragged About Owning Bitcoin, Now Denies It

3:20pm February 27, 2018

by Scott Neuman

Last month, the artist, whose is filing for bankruptcy, said he "forgot" he owned the cryptocurrency, which by some estimates would have been worth nearly $8 million.