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Bitcoin falls from $50,000 following hotter-than-expected inflation data

Bitcoin falls from $50,000 following hotter-than-expected inflation data
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Xi Jinping Vows More Severe Corruption Purges After Year of Disappearing Chinese Ministers

Chinese dictator Xi Jinping ordered the Communist Party to engage in a more intense campaign against the "cancer" of corruption.

Qin gangLi shangfuMeng hongweiPhoenixtv fu xiaotianKevin frayer gettyChinese communist partyChina communist partyCentral commission of discipline inspectionInterpol world congressCommunist partyCentral commissionDiscipline inspectionMao zedong eraForeign minister qin gangPresident xi jinpingGetty images

Crypto Scam Exposed: US Seizes Digital Currency in Connection to Southeast Asia Investment Fraud

US authorities froze a Chinese businessman's $500,000 account due to links to investment scams.

United kingdomUnited statesQuincy jonWang yichengInterpol world congressCyber crime investigation bureauAsia economic exchange trade associationUs secret serviceTech timesScam exposedDigital currencySoutheast asia investment fraudGetty imagesService special agent heidi robleThai asia economic exchange trade associationJoshua levy

New IRS Rule Takes Aim at Bitcoin, Cryptocurrency Tax Reporting, Drawing Ire From Industry Groups

The Biden administration proposed guidelines requiring cryptocurrency brokers to record digital asset sales and exchanges to the IRS and taxpayers.

New yorkUnited statesCommittee on taxationInterpol world congressRevenue serviceSupreme courtManhattan instituteCommodity futures trading commissionExchange commissionFederal reserveUs supreme courtStakes aimCryptocurrency tax reportingDrawing ire from industryGetty imagesInternal revenue service

US Cryptomining s Energy Consumption Affects Rising Utility Bills?

U.S. cryptomining's energy consumption affects rising utility bills, says, lawmakers. Here's what their investigation revealed.

New yorkUnited statesSouth carolinaRochester institute of technologyChris mcgrath gettyElizabeth warrenGriffin davisEric hittingerNew york timesEnvironment protection agencyGreenidge generation holdingsInterpol world congressTech timesEnergy consumption affect rising utilityLawmakers say investigationGetty images