Currencies

Markets

Bitcoin price jumps to $50K in recovery

Bitcoin's bounce back comes as companies including PayPal, Coinbase, Wells Fargo, JPMorgan Chase, Amazon, Walmart, and AMC Entertainment have all made announcements in recent weeks encouraging the world's largest cryptocurrency's mainstream adoption.

Politics

EXPLAINER: How cryptocurrency fits into infrastructure bill

A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS. It could open the way for tighter regulation of cryptocurrency — something the Biden administration is moving toward as it also pushes for tax compliance.