Latest Cryptocurrency News

CEO selling NFTs of Confederate monuments he took down

Aug. 07, 2022 09:05 AM EDT

RICHMOND, Va. (AP) — After removing the Robert E. Lee monument in Richmond and nearly two dozen other statues across the city and state, Devon Henry is seeking to raise money for charity by selling digital artwork inspired by their removal in the cryptocurrency market. ...

New crypto oversight legislation arrives as industry shakes

Aug. 03, 2022 17:32 PM EDT

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to...

Robinhood cuts 23% of its workforce as fewer users trade

Aug. 02, 2022 19:58 PM EDT

NEW YORK (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. CEO Vlad Tenev said the company, whose easy-to-use app helped bring a new...

How the Federal Reserve's rate hikes affect your finances

Jul. 27, 2022 18:04 PM EDT

WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling. Credit card rates have grown more burdensome, and so have auto loans. Savers are finally receiving yields that are actually visible, while crypto assets are reeling. The Federal Reserve's move Wednesday to...

Bitzero to buy old North Dakota missile site for data center

Jul. 25, 2022 18:05 PM EDT

BISMARCK, N.D. (AP) — A crypto mining company plans to redevelop a northeastern North Dakota anti-ballistic missile site abandoned in the 1970s into data center that may be used for the mining of bitcoin and other digital currencies, Gov. Doug Burgum announced Monday. Bitzero...

Film producer pleads guilty in fraud investment scams

Jul. 22, 2022 19:02 PM EDT

ATLANTA (AP) — A movie producer has pleaded guilty to several counts of fraud and money laundering arising from his fraudulent promotion of two cryptocurrency investment schemes, federal prosecutors said. Ryan Felton, 48, entered the plea on the fourth day of his jury trial in his...

New York man convicted in cryptocurrency fraud scheme

Jul. 22, 2022 08:53 AM EDT

BOSTON (AP) — The founder of a cryptocurrency and virtual payment services company has been convicted by a federal jury of defrauding investors out of $6 million and spending some of the money on antiques, artwork and jewelry. Randall Crater, 51, of East Hampton, New York, was...

3 charged with wire fraud in federal cryptocurrency case

Jul. 22, 2022 08:22 AM EDT

SEATTLE (AP) — A former employee of the cryptocurrency exchange platform Coinbase and two others were charged by the U.S. Securities and Exchange Commission for alleged insider trading valued at more than $1.1 million, according to a lawsuit filed Thursday in U.S. District Court in Seattle. ...

Feds: 1st cryptocurrency insider trading case snares 3

Jul. 21, 2022 20:50 PM EDT

NEW YORK (AP) — A former Coinbase product manager and his brother, along with a Houston man, were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case. The brothers — Ishan Wahi and Nikhil Wahi — were...

California to allow cryptocurrency campaign donations

Jul. 21, 2022 19:21 PM EDT

SACRAMENTO, Calif. (AP) — Candidates for state and local offices in California will soon be able to accept cryptocurrency campaign donations. The Fair Political Practices Commission voted Thursday to approve new rules allowing the donations for digital currencies such as Bitcoin. ...