cryptocurrency

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin continued to slide after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%.Bitcoin, the world's largest digital currency by market value, was down more than 3% at $34,582.36 on Sunday, according to data from Coin Metrics. This year, Bitcoin has been trading in a narrow range as it…

California Governor Gavin Newsom signed an executive order on Wednesday that lays the groundwork for bolstering and regulating the cryptocurrency industry in the state (via CNBC). As outlined in the executive order, Newsom’s goal is “to create a transparent and consistent business environment for companies operating in blockchain,” that balances “the benefits and risks to consumers.” The executive order calls upon the California Governor’s Office of Business and Economic Development (GO-Biz) to collaborate with the…

California Governor Gavin Newsom speaks at a press conference in Oakland, California, on Wednesday, on Feb. 9, 2022.Medianews Group/east Bay Times Via Getty Images | Medianews Group | Getty ImagesTech investors and businesses in California have been betting on crypto for well over a decade. Now, the governor of the U.S. state with the largest economy is joining the party.California Gov. Gavin Newsom issued an executive order Wednesday on cryptocurrencies, laying out a road map for regulatory and consumer protections and…

The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S.The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions. Proof-of-work mining, which requires sophisticated gear and a whole lot of electricity, is used to create bitcoin, though ethereum — at least…

A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California.Justin Sullivan | Getty ImagesNvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards.Nvidia failed to disclose how cryptocurrency mining drove growth in the second and third fiscal quarters of 2018, which took place in 2017, the SEC said in a filing.The settlement represents the end to a saga in which…

Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.Luke MacGregor  | Bloomberg | Getty ImagesBitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market.Bitcoin was down more than 8% at $36,251.50 on Friday around 4:03 a.m. ET, according to CoinDesk data. On Thursday, bitcoin dipped below $36,000 before paring some of those losses.Other cryptocurrencies including ether and XRP were also…

Binance is the world's largest crypto exchange, handling billions of dollars in trading volumes on a daily basis.STR | NurPhoto via Getty ImagesBitcoin exchange Binance's move to participate in Elon Musk's $44 billion takeover of Twitter could boost digital currency evangelists' hopes for the development of a more "decentralized," crypto-friendly social media platform.Binance plans to invest $500 million in equity funding as part of a $7 billion financing pledge to support the Tesla CEO's bid to buy Twitter. Oracle…

The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised rates by half a point —the biggest hike in about 20 years — as expected.Bitcoin began climbing ahead of the end of the Federal Open Market Committee's meeting. The half-point hike was widely expected by many. Its surge accelerated after Fed Chair Jerome Powell ruled out the possibility of a 75-basis-point increase."A 75-basis-point increase is not something that the committee is actively considering," Powell said. "I think expectations are…

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called "Web3" start-ups.Benjamin Girette | Bloomberg | Getty ImagesBinance has been granted approval from regulators to operate its cryptocurrency exchange in France.The company is now listed as a registered digital asset service provider by the French stock market watchdog AMF, enabling it to offer trading and custody services for bitcoin and other cryptocurrencies.Binance is the largest…

NEW DELHI : India witnessed over 18 million cyber attacks and threats, at an average of nearly 200,000 threats every day, in the first three months of 2022, according to US-based cyber security firm, Norton. The company states in its Cyber Safety Pulse Report that the quarter spotted nearly 60,000 phishing attempts through this quarter, as well as over 30,000 tech support scams in this time. The company notes that deepfakes and cryptocurrency-related scams were among…