Latest Bitcoin News

Cars drive on an unlit street during a blackout in Tehran, Iran, Wednesday, Jan 20, 2021. Speculation has gripped social media in Iran that Bitcoin is to blame for a series of recent power blackouts across the country. The government launched a major crackdown on Bitcoin processing centers which use immense amounts of electricity and are a huge burden on the power grid. (AP Photo/Ebrahim Noroozi)

Iran, pressured by blackouts and pollution, targets Bitcoin

Jan. 22, 2021 1:04 AM EST

TEHRAN, Iran (AP) — Iran's capital and major cities plunged into darkness in recent weeks as rolling outages left millions without electricity for hours. Traffic lights died. Offices went dark. Online classes stopped. With toxic smog blanketing Tehran skies and the country buckling under the pandemic and...

This undated photo shows Mike Venuto, co-portfolio manager of the Amplify Transformational Data Sharing ETF. The ETF is a $391 million fund that focuses on companies that trade and develop uses for bitcoin and other digital currencies, as well as the technology behind the currency, known as the blockchain. (Courtesy Mike Venuto via AP)

Insider Q&A: Bitcoin's massive rise and what comes next

Jan. 11, 2021 2:45 PM EST

CHARLOTTE, N.C. (AP) — The digital currency Bitcoin rocketed to a record high last week above $40,000 a coin. This comes after the currency languished for two years, plummeting from the previous high of $19,000 reached back in December 2018, when Bitcoin was subject to another round of media hype and...

FILE - In this Wednesday, Aug. 20, 2014 file photo, Jon Rumion, background left, talks with Michael Cargill at Central Texas Gun Works in Austin, Texas. Bitcoin has crossed the $40,000 mark, extending on a huge rally that started three months ago, Thursday, Jan. 7, 2021. (AP Photo/Eric Gay, File)

Bitcoin crosses $40K mark, doubling in less than a month

Jan. 7, 2021 6:12 PM EST

CHARLOTTE, N.C. (AP) — First it went through $20,000. Then 10 days later, it broke through $25,000, and then, with barely taking a breath, it crossed $30,000. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing's new with the digital currency in the month since it crossed...

FILE- In this Dec. 21, 2017, file photo, a Bitcoin logo is shown is displayed on an ATM in Hong Kong. The price of bitcoin rose above $20,000 for the first time Wednesday, Dec. 16, 2020 as the speculative digital currency reached levels not seen since when bitcoin became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty, bitcoin has benefited from the pandemic which has push other commodities like gold, silver, platinum up to multi-year highs. But despite its high price, the currency remains a niche investment for most of the public, and remains extremely volatile. (AP Photo/Kin Cheung, File)

Bitcoin surges past $20,000, erasing 3 years of deep losses

Dec. 16, 2020 5:40 PM EST

CHARLOTTE, N.C. (AP) — The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty,...

FILE - In this Oct.4, 2017 file photo, police officers escort Alexander Vinnik, center as they leave a courthouse at the northern Greek city of Thessaloniki. The Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay 100,000 in fines in a case of suspected cryptocurrency fraud. (AP Photo/Giannis Papanikos, File)

Russian sentenced to French prison for bitcoin laundering

Dec. 7, 2020 10:42 AM EST

PARIS (AP) — A Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison for money laundering and ordered to pay 100,000 euros (more than $120,000) in fines in a case of suspected cryptocurrency fraud. A court acquitted Alexander Vinnik of...

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