NEW YORK — The price of Bitcoin fell as much as 29% Wednesday after the China Banking Association warned member banks of risks associated with digital currencies. Other digital currencies suffered sharp declines as well. Bitcoin's volatility was on full display: The decline had narrowed to below 10% in early...
Planning to Buy a Tesla? Musk Says He’ll Soon Take Bitcoin in Payment
SILVER SPRING, Md. — Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday. The California-based electric car maker headed by Elon Musk revealed the...
Bitcoin Value Surges Past $20,000 for First Time After Long Losing Streak
CHARLOTTE, N.C. — The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty, bitcoin...
Bitcoin scavenger hunt comes to Fresno, One Resident Just Found $1,000
[aggregation-styles] FOX26 FRESNO, Calif. (FOX26) — An anonymous man has created a modern day scavenger hunt by leaving bitcoin cash prizes for people to find in cities all over California. The clues can be found on his Instagram page and this week, Bitcoin Man came to Fresno. The man behind...
Facebook Plans Its Own Currency for 2 Billion-Plus Users
SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...