Cryptocurrency

Our Deirdre Bosa is in Las Vegas at a financial service conference and reports how there is new competition on the horizon for the digital payment industry with new services from Uber, Ebay and Facebook to name a few.

Bitcoin’s price rose sharply over the weekend, recovering from a plunge just days earlier, after Chinese President Xi Jinping gave a speech embracing blockchain technology and calling on his country to advance development in the field.

Facebook’s CEO, Mark Zuckerberg, did not find many “friends” among lawmakers on Capitol Hill during his testimony Wednesday regarding Facebook’s cryptocurrency project. Ylan Mui reports.

Facebook’s cryptocurrency plans looked shaky this week after a handful of high-profile members bowed out of the project. But while libra slowly gets off the ground, China is looking to launch an alternative.

Online travel company Booking Holdings has dropped out of Facebook’s Libra Association, the company told CNBC Monday. Booking joins a growing list of firms who have exited the embattled cryptocurrency project.

Facebook announces its own digital currency making a big push for it to go mainstream but how does exactly Libra work? We speak with CNET Senior Reporter, Ben Fox Rubin, who gives us a quick tutorial.

Wall Street analysts reacted with great fanfare after Facebook finally revealed the details of its long awaited cryptocurrency, Project Libra, on Tuesday. Most analysts believe the crypto project will give the company a major boost and continue pushing Facebook to further greatness.

Fidelity Digital Assets, a new company created by the investing giant last year, is already working with wealthy families and hedge funds on cryptocurrency trading and custody.

Andrea Day reports on how cryptocurrency mining software could be used to hack into corporate networks.

Bitcoin is now down 20 percent this week, falling to its lowest level in more than a year.

Goldman Sachs is dropping its plan to open a trading desk for cryptocurrencies. Business Insider reports. It says the firm sees the regulatory environment as ambiguous.

Bitcoin is now sizing up to be what could be the biggest market bubble of all time.

The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank.

In a massive rebound from a 20 percent plunge last week, bitcoin surges to a record high above $11,700.