Latest Cryptocurrency News

Critics question utility's bitcoin-mining data center

Oct. 24, 2021 17:50 PM EDT

ST. LOUIS (AP) — Missouri's largest utility has set up a data center at the site of one of its coal-fired power plants that it is using to mine the Internet for bitcoins. Ameren Corp. officials say the data center could also help stabilize demand for electricity that...

Asian shares mixed after Evergrande sale deal called off

Oct. 20, 2021 23:59 PM EDT

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong and Tokyo but rose in most other regional markets. China...

Bitcoin tops $66,000, sets record as crypto goes mainstream

Oct. 20, 2021 16:29 PM EDT

NEW YORK (AP) — Bitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currency's rise. One Bitcoin was valued at $66,096, as of 4:15 p.m. Eastern time,...

As Bitcoin goes mainstream, Wall Street looks to cash in

Oct. 19, 2021 11:55 AM EDT

NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have...

Bitcoin investing could get boost from exchange-traded fund

Oct. 18, 2021 14:51 PM EDT

NEW YORK (AP) — Interested in Bitcoin but don’t want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol “BITO”...

Bitcoin-mining power plant raises ire of environmentalists

Oct. 16, 2021 12:43 PM EDT

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power...

Company behind Tether 'token' fined $41M by US regulators

Oct. 15, 2021 19:04 PM EDT

The company behind a digital token called Tether has agreed to pay $41 million to settle charges that it misled investors by claiming the token was fully backed at all times by U.S. dollars and other fiat currencies. The Commodity Futures Trading Commission said Friday it...

El Salvador explores bitcoin mining powered by volcanoes

Oct. 15, 2021 17:48 PM EDT

BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador’s Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency bitcoin. The pilot project has...

At south Mississippi church, members can give cryptocurrency

Oct. 11, 2021 08:41 AM EDT

ST. MARTIN, Miss. (AP) — A south Mississippi church is allowing parishioners to give offering or pay tithes using cryptocurrency. Back Bay Baptist Church in St. Martin launched the new method of giving late last month, WLOX-TV reported. The church...

How to invest in cryptocurrency without buying any

Oct. 06, 2021 07:09 AM EDT

Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold. But it’s also...