Latest Cryptocurrency News
A courtroom of relief: FBI recovers funds for victims of scammed banker
WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. "I just can’t describe the weight lifted off of...
New York judge rejects state efforts to shutter bitcoin mine over climate concerns
NEW YORK (AP) — A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact. The decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in...
Bitcoin ticks closer to $100,000 in extended surge following US elections
NEW YORK (AP) — Bitcoin extended its streak of record highs after ticking above $99,000 for the first time. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the...
Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
NEW YORK (AP) — U.S. stocks climbed Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher after flipping between gains and losses several times during the day. Banks,...
SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down
Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies and other financial markets, will step down from his post on Jan. 20. Gensler pushed changes that he said protected investors, but the industry and many Republicans bristled...
Duct-taped banana sells for $6.2 million at art auction
NEW YORK (AP) — A piece of conceptual art consisting of a simple banana, duct-taped to a wall, sold for $6.2 million at an auction in New York on Wednesday, with the winning bid coming from a prominent cryptocurrency entrepreneur. “Comedian,” by Italian artist Maurizio...
What to know about Howard Lutnick, Trump's pick for commerce secretary
WASHINGTON (AP) — President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is...
Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
WASHINGTON (AP) — A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — was sentenced on Thursday to five years in prison. Ilya Lichtenstein masterminded one...
Bull doge! Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE
NEW YORK (AP) — Wow, much bull market. Dogecoin, the cryptocurrency whose mascot is a super-cute dog that muses things like “much wow,” has been racing higher in value since Donald Trump won the presidential election last week. It got another bump after Trump named Tesla's Elon...
Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rally
NEW YORK (AP) — As money continues to pour into crypto following Donald Trump's reelection last week, bitcoin has climbed to yet another record high. The world's largest cryptocurrency topped $89,000 for the first time, briefly peaking at $89,995 early Tuesday, according to...
