Latest Cryptocurrency News

Thousands protest against Bukele government in El Salvador

Sep. 15, 2021 19:19 PM EDT

SAN SALVADOR, El Salvador (AP) — Thousands of people gathered in El Salvador's capital Wednesday for the first mass march against President Nayib Bukele, who protesters say has concentrated too much power, weakened the independence of the courts and may seek re-election. ...

Man gets over 7 years in prison in cryptocurrency scam

Sep. 15, 2021 18:01 PM EDT

NEW YORK (AP) — An Australian man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology. U.S. District...

Billionaire Cohen to invest in new crypto trading firm Radkl

Sep. 14, 2021 15:37 PM EDT

NEW YORK (AP) — A cryptocurrency company launched by partners of a major Wall Street trading firm said Tuesday that it has snagged the support of billionaire investor Steven A. Cohen, as big names from the traditional financial world continue to embrace the industry surrounding crypto. ...

FACT FOCUS: Walmart quashes cryptocurrency partnership claim

Sep. 13, 2021 17:23 PM EDT

NEW YORK (AP) — Walmart denied any partnership with the digital currency Litecoin after a fake news release led to a brief flurry of inaccurate reports from national news outlets and social media users on Monday. A news release claiming a partnership between Walmart and...

NY county worker charged in digital currency mining scheme

Sep. 08, 2021 17:42 PM EDT

RIVERHEAD, N.Y. (AP) — An employee cost a New York county at least $6,000 in electricity bills by allegedly secretly installing dozens of machines at his workplace in a cryptocurrency scheme, authorities said Wednesday, announcing charges against him. Suffolk County...

Glitches still plague bitcoin rollout in El Salvador

Sep. 08, 2021 17:30 PM EDT

SAN SALVADOR, El Salvador (AP) — Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the cryptocurrency bitcoin continued struggling to perform transactions Wednesday, a day after El Salvador made it legal tender. ...

UK watchdog calls out Kardashian West's Instagram crypto ad

Sep. 08, 2021 10:51 AM EDT

LONDON (AP) — A British financial regulator concerned about the lack of rules for online promotion of cryptocurrencies has called out celebrity influencer Kim Kardashian West’s use of her Instagram account to pitch Ethereum Max to her followers. Charles Randell, chair...

Early stumble as El Salvador starts Bitcoin as currency

Sep. 07, 2021 19:51 PM EDT

SAN SALVADOR, El Salvador (AP) — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the...

Bitcoin brings hopes, doubts for Salvadorans sending money

Sep. 06, 2021 10:01 AM EDT

MIAMI (AP) — El Salvador is betting that this week's pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President...

Cryptocurrency promoter pleads guilty in $2 billion fraud

Sep. 02, 2021 20:15 PM EDT

SAN DIEGO (AP) — A Los Angeles man pleaded guilty Wednesday to participating in what prosecutors called a “textbook Ponzi scheme” that defrauded cryptocurrency investors worldwide of more than $2 billion. Prosecutors said Glenn Arcaro, 44, sat atop the North...