Latest Bitcoin News

Host of new worries pushes bitcoin to 4-month low

Jun. 13, 2018 3:43 PM EDT

NEW YORK (AP) — The price of bitcoin fell to a four-month low of $6,370 on Wednesday, days after South Korean digital currency exchange Coinrail said hackers had stolen over $37 million, or almost a third of the virtual currency it had stored. After Coinrail announced the theft, the price of bitcoin...

Bitcoin at 2-month low after South Korean exchange hacked

Jun. 11, 2018 1:26 AM EDT

SEOUL, South Korea (AP) — A South Korean cryptocurrency exchange said Monday hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low. Coinrail said hackers stole cryptocurrencies over the weekend including Pundi X, Aston...

Man vying for beard prize to plead guilty on drug charges

May. 30, 2018 3:04 PM EDT

MIAMI (AP) — A Frenchman arrested when he arrived in the United States for a world beard-growing championship will plead guilty in federal court on drug charges. The Miami Herald reported that Gal Vallerius is charged with drug conspiracy and money laundering in South Florida federal court. Investigators...

Wyoming courts tech behind cryptocurrency to entice business

May. 23, 2018 2:06 PM EDT

CHEYENNE, Wyo. (AP) — Block Chain Gang LLC, Crypto Cowboy, Something Something Blockchain LLC: Based on the names of dozens of new companies registering to set up shop in Wyoming, the state's effort to lure the latest tech craze appears to be paying off. Proponents say blockchain — the ledger where...

Buffett says stocks remain best investment option for most

May. 7, 2018 2:46 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett recommends that investors stick with simple stock index funds — not bonds and especially not bitcoins. Buffett discussed a variety of topics during an interview on CNBC Monday after he spent Saturday answering questions before thousands of Berkshire...

The Latest: Warren Buffett says economy remains strong

May. 7, 2018 8:15 AM EDT

OMAHA, Neb. (AP) — The Latest on investor Warren Buffett's comments on investing and other topics (all times local): 6:30 a.m. Investor Warren Buffett says the economy remains strong and business has been improving lately. Buffett told CNBC that the reports he gets from Berkshire Hathaway's many businesses...

Power-sucking Bitcoin 'mines' spark backlash

Apr. 24, 2018 4:34 AM EDT

Bitcoin "miners" who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern border a couple of years ago to tap into some of the nation's cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region....

Report: Iran officially bans use of cryptocurrencies

Apr. 23, 2018 1:32 PM EDT

TEHRAN, Iran (AP) — Iran's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to prevent money laundering and terrorism, a newspaper reported Monday. The move is seen as part of Tehran's efforts to control the currency market after the rial hit an all-time low...