If it seems everyone is talking about bitcoin these days, you're onto something. The digital currency has been hitting record highs and neared $100,000 this past week, having doubled in value throughout 2024. Launched in 2009, bitcoin is the first cryptocurrency, meaning that it's a digital currency and does not rely on banks to verify transactions. Bitcoin's surge – up about 130% this year – is one of the "Trump trades," market moves that have kicked in since former President Donald Trump's victory in the Nov. 5 election. Trump has dabbled in cryptocurrency – releasing crypto-based digital trading cards – and Trump Media and Technology Group , which operates Truth Social, is reportedly close to acquiring crypto trading firm Bakkt. The Trump family launched its own crypto firm, World Liberty Financial, in September. Investors have wagered Trump's support for bitcoin and other digital assets will lead to fewer restrictions on the industry. During the presidential campaign, Trump said he would make America the “world capital for crypto and bitcoin.” Trump has tapped Tesla CEO and SpaceX founder Elon Musk to co-lead, with Vivek Ramaswamy, the new Department of Government Efficiency, or D.O.G.E. It's an acronym for cryptocurrency called Dogecoin, which Musk supported as it became a phenomenon in 2021. Been hit with the bitcoin buzz, but don't quite understand it? Here's some bitcoin basics. What is ‘Doge’?: Explaining the meme and cryptocurrency after Elon Musk's appointment to D.O.G.E. What is bitcoin? Bitcoin is a digital asset, launched in 2009 by a person or group known as Satoshi Nakamoto and designed to have a cap of 21 million bitcoin tokens. Bitcoin is created as crypto miners use their computing work to validate bitcoin transactions on its decentralized blockchain network, essentially a digital ledger meant to prevent fraud. As the crypto miners work, they earn bitcoin. So far, about 19 million tokens have been released. In April, bitcoin underwent a "halving," which kicks in about every four years to reduce the rate at which new bitcoins are created and released into circulation. As the bitcoin cap of 21 million tokens nears, demand likely increases, according to Investopedia . Currently, a bitcoin is worth about $98,000. But the ownership of fractional shares of bitcoin is common, notes NerdWallet . Cryptocurrency: Legislation likely coming under Trump administration, ex-SEC chief says What are bitcoin ETFs? It's Trump's interest in bitcoin alone that's led to bitcoin's climb. Earlier this year, the U.S. Securities and Exchange Commission voted to allow the sale of bitcoin-based exchange-traded funds , or ETFs, to the public. That action allowed more investors to get into bitcoin in a similar manner to how they invest in stocks, bypassing crypto exchanges. How does bitcoin work? Like the dollar, bitcoin can be used as currency , but it's virtual and isn't controlled by banks or governments. While an entire bitcoin is priced at nearly $100,000, you can own partial shares of each coin. The smallest share of each bitcoin is called a Satoshi – after the cryptocurrency's creator – equal to a hundred millionth of one bitcoin, according to NerdWallet . You can buy bitcoin on a crypto exchange such as Binance.US , online stockbrokers including Fidelity and E-Trade, and trading apps like Robinhood . If you buy bitcoin on a crypto exchange, you will create a "crypto wallet" to hold your bitcoin. If you invest in those bitcoin ETFs the SEC approved earlier this year, online brokers will hold your bitcoin in your brokerage account as any other investment. What can I buy with bitcoin? Pretty much anything. For instance, you can get a bitcoin debit card , which you load with a certain amount of your cryptocurrency holdings. That can be used as you would any debit card. Beyond that, many companies now accept cryptocurrency for purchases including AT&T, Microsoft, Rolex, Time Inc., and Tesla, notes Investopedia . You can buy "art," too. That banana duct-taped to a wall , which sold last week for $6.2 million? The buyer paid in crypto. Bitcoin: How to buy the cryptocurrency What concerns are there about bitcoin and cryptocurrencies? Back in 2018, investment guru Warren Buffett predicted that cryptocurrencies such as bitcoin, will likely "come to a bad ending." His stance hasn't really changed, reported Nasdaq.com . But many point to the surge in bitcoin's valuation as a sign the cryptocurrency has arrived. Anthony Scaramucci , founder of Skybridge and a former White House director of communications, has said Bitcoin could exceed $170,000 by mid-2025, and Ark Invest CEO Cathie Wood has predicted Bitcoin will hit $1.48 million by 2030, Fortune reported . However, crypto exchanges can fail. The 2022 bankruptcy of the FTX cryptocurrency exchange resulted in customers losing $8 billion; founder Sam Bankman-Fried was sentenced to 25 years in prison in March. Bitcoin values dipped after that, but have since risen to new heights – because, supporters say, as more people invest in bitcoin and other cryptocurrencies, the currencies become more stable. Volatility can be seen as an advantage for those in search of future earnings – or as a disadvantage for those seeking somewhat stable investments. "Remember that bitcoin and crypto are highly volatile , and may be more susceptible to market manipulation than securities," notes Fidelity Investments in a primer for investors. "Crypto holders do not benefit from the same regulatory protections applicable to registered securities , and the future regulatory environment for crypto is currently uncertain." Maybe think about investing in bitcoin as you would joining the wave of online bettors. "If you decide to buy Bitcoin, it's a good rule of thumb to invest only what you can afford to lose," writes NerdWallet's Kevin Voigt , "and take measures to protect your assets." Contributing: Daniel de Visé, Jessica Guynn, Max Hauptman, Jonathan Limehouse and Bailey Schulz of USA TODAY, and Reuters. Follow Mike Snider on X and Threads: @mikesnider & mikegsnider . What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day

Stormont minister Maurice Morrow told an official he would not raise the issue with the Northern Ireland Executive, despite similar measures being considered in England and Wales. A file on planning arrangements for the jubilee celebrations reveals a series of civil service correspondences on how Northern Ireland would mark the occasion. It includes a letter sent on January 11 2001 from an official in the Office of the First Minister/Deputy First Minister (OFMDFM) to the Department of Social Development, advising that a committee had been set up in London to consider a programme of celebrations. The correspondence says: “One of the issues the committee is currently considering is the possibility of deregulating liquor licensing laws during the golden jubilee celebrations on the same lines as the arrangements made for the millennium. “It is felt that the golden jubilee bank holiday on Monday 3 June 2002 is likely to be an occasion on which many public houses and similar licensed premises would wish to stay open beyond normal closing time.” The letter said a paper had been prepared on the issue of extending opening hours. It adds: “You will note that paragraph seven of the paper indicates that the devolved administrations ‘would need to consider deregulation separately within their own jurisdictions’. “I thought that you would wish to be aware that this issue is receiving active consideration for England and Wales and to consider whether anything needs to be done for Northern Ireland.” Some months later a “progress report” was sent between officials in OFMDFM, which again raised the issue of licensing laws. It says: “I spoke to Gordon Gibson, DSD, about Terry Smith’s letter of 12 January 2001 about licensing laws: the matter was put to their minister Maurice Morrow (DUP) who indicated that he would not be asking the NIE (Northern Ireland Executive) to approve any change to current licensing laws in NI to allow for either 24 hour opening (as at the millennium) nor a blanket approval for extended opening hours as is being considered in GB. “In both cases, primary legislation would be required here and would necessitate consultation and the minister has ruled out any consultation process.” The correspondence says individual licensees could still apply for an extension to opening hours on an ad hoc basis, adding “there the matter rests”. It goes on: “DSD await further pronouncements from the Home Office and Gibson and I have agreed to notify each other of any developments we become aware of and he will copy me to any (existing) relevant papers. “Ministers may well come under pressure in due course for a relaxation and/or parity with GB.” The document concludes “That’s it so far...making haste slowly?” Emails sent between officials in the department the same month said that lord lieutenants in Northern Ireland had been approached about local events to mark the jubilee. One message says: “Lord lieutenants have not shown any enthusiasm for encouraging GJ celebrations at a local level. “Lady Carswell in particular believes that it would be difficult for LLs to encourage such activities without appearing political.”

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DUP minister rejected suggestion licensing laws could be relaxed for jubileeMichigan rolls to 112-64 victory over Western KentuckyWORCESTER, Mass. (AP) — Max Green's 16 points helped Holy Cross defeat Regis (MA) 82-46 on Sunday. Green also had nine rebounds and six assists for the Crusaders (8-5). Aidan Richard scored 13 points, going 4 of 6 (3 for 5 from 3-point range). Declan Ryan went 6 of 8 from the field to finish with 12 points. Jamir Harvey finished with 11 points, seven rebounds and four steals for the Pride. Aamyr Sullivan added nine points and five assists for Regis (MA). Dan Grasso finished with six points. Holy Cross took the lead with 19:46 left in the first half and did not relinquish it. The score was 36-20 at halftime, with Richard racking up 10 points. Holy Cross extended its lead to 82-43 during the second half, fueled by a 15-2 scoring run. Green scored a team-high 11 points in the second half as their team closed out the win. Holy Cross hosts Loyola (MD) in its next matchup on Thursday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .