Latest Cryptocurrency News

El Salvador to build cryptocurrency-fueled "Bitcoin City"

Nov. 21, 2021 11:18 AM EST

LA LIBERTAD, El Salvador (AP) — In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano. Bukele used a gathering of Bitcoin enthusiasts Saturday night to...

Rare first printing of US Constitution sells for record $43M

Nov. 19, 2021 15:20 PM EST

NEW YORK (AP) — A rare first printing of the U.S. Constitution sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction. The buyer, hedge fund manager Kenneth Griffin, will loan the document to the Crystal Bridges Museum...

Barcelona, Man City drop club crypto sponsors amid concerns

Nov. 19, 2021 15:19 PM EST

LONDON (AP) — Concerns about two cryptocurrency companies led to two of Europe's leading soccer clubs, Barcelona and Manchester City, dropping short-lived sponsorship agreements on Friday. Premier League champion City suspended a deal with 3Key Technologies after...

Amid crypto's Wild West, Binance says a sheriff is needed

Nov. 17, 2021 07:37 AM EST

NEW YORK (AP) — The cryptocurrency market gets likened to the Wild West by critics, and now a key player is asking for sheriffs to come to town. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global...

Q&A: Binance CEO on bubbles, meme coins and crypto's swings

Nov. 17, 2021 07:34 AM EST

NEW YORK (AP) — The CEO of Binance, the world's largest cryptocurrency exchange, doesn't try to explain why some cryptocurrencies that started purely as a joke have surged so much in price. He also doesn't want to say if the exuberance for meme coins like Dogecoin is...

Charities see more crypto donations. Who is benefiting?

Nov. 15, 2021 17:24 PM EST

As the biggest cryptocurrencies flirt with record high values, they're increasingly becoming bigger sources of revenue for charities. However, the number of charities accepting the virtual currencies, known for their volatility, remains limited. Bitcoin, the world's...

Miami mayor says residents will get cryptocurrency proceeds

Nov. 11, 2021 17:57 PM EST

MIAMI (AP) — Miami's mayor says he plans to distribute the proceeds from the city's cryptocurrency to residents. Mayor Francis Suarez said Thursday during an interview with a cryptocurrency news site that he was planning to convert the millions of dollars in proceeds...

Civic groups slam El Salvador's bill on outside funding

Nov. 10, 2021 18:31 PM EST

SAN SALVADOR, El Salvador (AP) — Civic groups and activists criticized Wednesday a proposal by President Nayib Bukele’s to ban foreign donations or funding for non-governmental organizations that supposedly carry out political activity in El Salvador. The groups said...

From cryptocurrency to cash: Ways to bank your digital coin

Nov. 10, 2021 07:01 AM EST

Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money. But there are new services on the horizon that could...

A Mississippi Coast casino is getting a cryptocurrency ATM

Nov. 07, 2021 00:02 AM EDT

GULFPORT, Miss. (AP) — It’s been three years since the first legal sports bet was placed in Mississippi at the Beau Rivage Resort and Casino and as predicted, it’s brought a younger crowd to the Coast casinos. Scarlet Pearl Casino in D’Iberville has seen a much...