Latest Cryptocurrency News

El Salvador to repurchase more of its debt

Nov. 29, 2022 19:41 PM EST

SAN SALVADOR, El Salvador (AP) — El Salvador’s government announced Tuesday that it will make a second buyback of its sovereign debt bonds maturing in 2023 and 2025 as it tries to calm market concerns that it could default on its debt. The government set the maximum for the...

Asian shares rise except Japan as markets eye China protests

Nov. 28, 2022 21:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. ...

BlockFi files for bankruptcy, latest crypto company to fail

Nov. 28, 2022 16:16 PM EST

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit....

Fidelity Charitable launches NFT raffle amid crypto downturn

Nov. 28, 2022 15:42 PM EST

NEW YORK (AP) — Fidelity Charitable is getting into NFTs, the digital images that are registered on the blockchain, despite a torrent of bad news from the adjacent world of cryptocurrencies. The nation's largest grantmaker is sponsoring a raffle that ends Tuesday, where...

$740M in crypto assets recovered in FTX bankruptcy so far

Nov. 23, 2022 17:54 PM EST

NEW YORK (AP) — The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the company's coffers. The...

Editorial Roundup: United States

Nov. 23, 2022 11:59 AM EST

Excerpts from recent editorials in the United States and abroad: Nov. 16 The Washington Post on post-FTX cryptocurrency: The supposedly responsible face of cryptocurrency turns out to have been anything but punctilious in his dealings — which should be...

NY gov signs novel law that limits cryptomining, for now

Nov. 22, 2022 21:54 PM EST

ALBANY, N.Y. (AP) — New York is taking a first-in-the-nation step to tap the brakes on the spread of cryptocurrency mining, under legislation that Gov. Kathy Hochul signed Tuesday. The measure comes amid growing scrutiny of the cryptocurrency industry following this month's...

US: 2 Estonians arrested in $575M cryptocurrency fraud

Nov. 22, 2022 10:39 AM EST

SEATTLE (AP) — Police in Estonia have arrested two men accused in a $575 million cryptocurrency fraud, U.S. authorities said Monday. An indictment unsealed in U.S. District Court in Seattle charged Estonian citizens Sergei Potapenko and Ivan Turogin, both age 37, with wire fraud...

NOT REAL NEWS: A look at what didn't happen this week

Nov. 18, 2022 10:39 AM EST

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Split-ticket voting in Arizona...

Exec who cleaned up Enron calls FTX mess 'unprecedented'

Nov. 17, 2022 11:24 AM EST

NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning...