CRYPTOCURRENCY

While more people have started to learn about options in the crypto world, it also lets scammers create new opportunities to seize some of your coins.

NEW YORK — (AP) — Cryptocurrency company Circle said Thursday that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month. Circle owns and operates USD Coin, the second-most-popular stablecoin in the industry, with more than $54 billion sitting in that coin. The new Euro Coin will be backed entirely by euros held in euro-denominated bank accounts, Circle said. The company is launching Euro Coin amid turmoil for cryptocurrencies. It has been the flight to safety for crypto.”Circle's Euro Coin will be tradeable on some of major crypto exchanges, including Binance, starting on June 30.

The cryptocurrency company Circle says it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month.

Placeholder while article actions loadCryptocurrency exchange Coinbase announced it would cut 18 percent of its workforce Tuesday as fears of a recession mount and crypto values plummet, shedding sometimes thousands of dollars per share by the day. Choose your plan ArrowRight The cuts will affect roughly 1,100 workers, leaving the firm with a staff of roughly 5,000. Coinbase’s stock fell 5.4 percent in morning trading, and crypto shares continued to see volatility: Bitcoin lost 4.9 percent to trade near $22,000. The leading cryptocurrency has lost more than two-third of its value in the past seven months. Coinbase will also cover four months of health insurance for U.S. employees and four months of mental health care for international employees, Armstrong said.

Crytpo was going to make them rich. Instead, therapists say they are seeing a rise in people who became depressed and addicted.

"Well that was obviously really embarrassing," the company wrote on Twitter.

Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, according to Cathie Wood.

Treasury Minister John Glen says "stablecoins" could be used as a means of payment.

Adults under 45 are far more likely than older adults to invest in cryptocurrency.

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

President Biden is expected to sign an executive order on cryptocurrency regulation this week.

Its government has raised more than $38 million in cryptocurrency in less than six days.

Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash.

FTX has built up a war chest of funds at a time when crypto prices have sunk considerably.

If you don’t report crypto activity and face an IRS audit, you may be hit with interest, penalties or even criminal charges, according to tax experts.

Investors are fleeing riskier assets from tech stocks to cryptocurrencies as the Federal Reserve weighs whether to launch a U.S. digital currency.

"New York is the center of the world, and we want it to be the center of cryptocurrency," the city's new mayor said.

Bitcoin plummeted by more than 7% in the last 24 hours, and ether dived more than 9%, according to CoinDesk.

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

Cryptocurrency and the blockchain are obscure, but they're getting widely popular for payment or investment.

"Significant skewness in ownership" of bitcoin suggests future wealth will fall "disproportionately to a small set of participants," researchers said.

How to regulate digital assets has been a thorny issue, with companies operating under a patchwork of state and federal oversight. Tennessee Rep. John Rose, for example, asked industry executives how Congress could prevent innovation from leaving the United States and happening offshore. “I’m optimistic that on the regulatory side, we’re not that far from that point,” said Sam Bankman-Fried, CEO of trading exchange FTX. Alesia Haas, chief financial officer of Coinbase Global, said the U.S. government should create a new regulatory framework for digital assets. “Our existing regulatory system does not work effectively for the open, decentralized networks that crypto has created,” she said in written testimony.

Cryptocurrency start-ups have raised record funding this year.

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

Amplified by bots and influencers, millions of posts on social media networks peddle false ideas about climate change.

On early Monday morning, the value of a Squid coin collapsed from a high of just over $2,860 to effectively zero.

Crypto-Shiba Inu Rising FILE - This mobile phone app screen shot shows the logo for Dogecoin, in New York, Tuesday, April 20, 2021. Shiba was up another 10% at midday on Monday and has doubled in value in the past week. Even with its recent meteoric rise — it's up about 900% in the past month — each Shiba coin costs just a tiny fraction of one cent. If you bought $1,000 worth of Shiba in late September, your 20 million coins would now be worth around $9,000. While Shiba is the current white-hot cryptocurrency, you can’t trade it through more traditional brokers — yet.

Cryptocurrency has officially gone to the dogs.

FTX is one of the world's largest digital currency exchanges, competing with the likes of Coinbase, Binance and Kraken.

Coinbase is getting into payroll as part of an expansion into traditional financial services.

Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data.

There are a wide range of open positions in the cryptocurrency industry seeking candidates with varying experience levels and skillsets.

Investing in cryptocurrencies is picking up, and can be a beneficial part of a long-term portfolio.

A Palm Bay couple lost more than $70,000 in cryptocurrency in a SIM hijacking scheme.

Think about when people could only use cash, and then checks came around. It felt wild, that a piece of paper could be worth money.

Britain's Financial Conduct Authority said that Binance Markets Limited "is not permitted to undertake any regulated activity in the U.K."

Cryptocurrency crashes often happen on weekends. The volatility draws scrutiny from regulators weighing the future of digital currency.

Joseph Blount told senators that authorizing the payment to hackers was the right thing to do to bring an end to the pandemonium and fuel shortages.

Pipeline-Cybersecurity Attack Tanker trucks are parked near the entrance of Colonial Pipeline Company Wednesday, May 12, 2021, in Charlotte, N.C. The operator of the nation’s largest fuel pipeline has confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems. Colonial Pipeline’s CEO Joseph Blount told the Journal that he authorized the payment after the ransomware attack because the company didn’t know the extent of the damage. Colonial Pipeline CEO Joseph Blount will face the Senate Homeland Security Committee on Tuesday, one day after the Justice Department revealed it had recovered the majority of the $4.4 million ransom payment the company made in hopes of getting its system back online. The company decided soon after the attack to pay ransom of 75 bitcoin, then valued at roughly $4.4 million.

Cybersecurity Colonial Pipeline Deputy Attorney General Lisa Monaco announces the recovery of millions of dollars worth of cryptocurrency from the Colonial Pipeline Co. ransomware attacks as she speaks during a news conference with FBI Deputy Director Paul Abbate and acting U.S. Attorney for the Northern District of California Stephanie Hinds at the Justice Department in Washington, Monday, June 7, 2021. Georgia-based Colonial Pipeline, which supplies roughly half the fuel consumed on the East Coast, temporarily shut down its operations on May 7 after a gang of cybercriminals using the DarkSide ransomware variant broke into its computer system. Colonial officials have said they took their pipeline system offline before the attack could spread to its operating systems, and decided soon after to pay ransom of 75 bitcoin — then valued at roughly $4.4 million — in hopes of bringing itself back online as soon as it could. Ransomware attacks — in which hackers encrypt a victim organization's data and demand a hefty sum for returning the information — have flourished. Weeks after the Colonial Pipeline attack, a ransomware attack attributed to REvil, a Russian-speaking gang that has made some of the largest ransomware demands on record in recent months, disrupted production at Brazil’s JBS SA, the world's largest meat processing company.

The Justice Department has recovered the majority of a multimillion-dollar ransom payment to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month.

President Biden's proposed 39.6% top marginal income tax rate would affect single and married filers with over $452,700 and $509,300 of income, respectively.

A film frame allegedly showing the autopsy of an extraterrestrial that crash-landed in Roswell, New Mexico has an opening bid of $1 million.

Divorce settlements are never easy, and cryptocurrency only makes the process more complex. Financial experts weigh in on what divorcees need to know.

Bitcoin and other cryptocurrencies bounced back Thursday, recovering some of the losses seen during a major sell-off a day earlier.

The price of the famously volatile digital currency Bitcoin fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies.

Bitcoin is about 37% lower than its all-time high of $64,829.14 which was hit in mid-April as negative newsflow has dampened sentiment.

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

Some of the ‘meme coins’ that were donated tanked in value by nearly 40%

The IRS is seeking the records of Americans who engaged in business with or through Kraken, a digital currency exchanger headquartered in San Francisco, California. “This John Doe summons is part of our effort to uncover those who are trying to skirt reporting and avoid paying their fair share.”Cryptocurrency, as generally defined, is a digital representation of value. On April 1, 2021, a federal court in the District of Massachusetts granted an order authorizing the IRS to serve a similar John Doe summons on Circle, a digital currency exchange headquartered in Boston. Today’s order from the Northern District of California grants the IRS permission to serve what is known as a “John Doe” summons on Kraken. The United States’ petition does not allege that Kraken has engaged in any wrongdoing in connection with its digital currency exchange business.

Dogecoin has had its day.

It was a big day for the crypto space with Coinbase making its public debut. Investors discuss what it could mean for the company and broader crypto markets.

Cryptocurrency exchange Coinbase went public on Wednesday in a direct listing that opened at $381 per share, valuing the company at $99.6 billion.

Former Seminole County Tax Collector Joel Greenberg faces a federal judge for the first time since his case started drawing national attention.

As April 15 draws near, let's focus our collective anger on the millions of tax cheats who don't pay what they owe.

Coinbase said Thursday that it will begin trading on April 14, following regulatory approval of its direct listing from the SEC.

Cryptocurrency exchange Coinbase has reached an implied $68 billion valuation ahead of its highly anticipated direct listing on the Nasdaq. The latest valuation is based on a volume-weighted average share price Coinbase cited in a revised S-1 filing released Wednesday. The company reported private shares trading at $343.58 apiece for the first quarter of 2021 ended March 15, which increases the company's valuation 13-fold. According to PitchBook data, the company was last valued at $8 billion in October 2018. The revised regulatory filing also shows that the company has more than 196 million shares outstanding for the first quarter of 2021, resulting in the latest valuation figure.

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France. Bitcoin's value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin's price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. It is only the second time that bitcoin's value has surpassed a $1 trillion after hitting that milestone for the first time on Feb. 19. Bitcoin's market capitalization held above $1 trillion for a few days, before falling below that mark.