Latest Cryptocurrency News

US prosecutors try to send warning to cryptocurrency world with KuCoin prosecution

Mar. 26, 2024 14:03 PM EDT

NEW YORK (AP) — A top U.S. prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws. U.S. Attorney Damian Williams said...

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

Mar. 25, 2024 13:00 PM EDT

KADUNA, Nigeria (AP) — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday. Nadeem Anjarwalla, the regional manager...

Montenegro court confirms mogul known as 'cryptocurrency king' to be extradited to South Korea

Mar. 20, 2024 11:54 AM EDT

PODGORICA, Montenegro (AP) — An appeals court in Montenegro on Wednesday confirmed that a South Korean mogul known as “the cryptocurrency king” will be handed over to his native country. Both South Korea and the U.S. had requested Do Kwon’s extradition from Montenegro. A...

A cryptocurrency mogul arrested in Montenegro faces extradition to South Korea after a court ruling

Mar. 07, 2024 10:38 AM EST

POGORICA, Montenegro (AP) — A Montenegrin court on Thursday ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year. ...

Not all bitcoin ETFs are the same. Here are some questions to consider before buying any

Jan. 25, 2024 08:02 AM EST

NEW YORK (AP) — Now that bitcoin funds are trading, which is the best to own? The answer is not necessarily the one that rises the most. The job of these funds is to track the price of bitcoin, whatever that is, in what can be a more convenient thing to own for many investors. ...

Pastor accused of defrauding investors of $3M via crypto scheme says he got help from 'the Lord'

Jan. 23, 2024 18:49 PM EST

DENVER (AP) — A Colorado pastor for an online church who is accused of defrauding investors of more than $3.2 million through a cryptocurrency marketplace he ran with his wife says “the Lord” helped him orchestrate the venture. Colorado's securities commissioner filed civil...

New funds will make investing in bitcoin easier. Here’s what you need to know

Jan. 11, 2024 10:57 AM EST

NEW YORK (AP) — Nearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors. The new exchange-traded funds, or ETFs, give investors an asset that closely tracks the price of...

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

Jan. 10, 2024 19:03 PM EST

NEW YORK (AP) — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it is still deeply skeptical about cryptocurrencies and that its decision did not mean it approves or endorses bitcoin. The SEC said it...