Latest Bitcoin News

Chinese banks promise to step up cryptocurrency ban

Jun. 21, 2021 07:49 AM EDT

BEIJING (AP) — China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban...

At El Salvador's Bitcoin Beach, a glimpse of crypto economy

Jun. 11, 2021 00:21 AM EDT

EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. ...

El Salvador makes Bitcoin legal tender

Jun. 09, 2021 15:14 PM EDT

SAN SALVADOR, El Salvador (AP) — El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The...

US recovers most of ransom paid after Colonial Pipeline hack

Jun. 07, 2021 19:59 PM EDT

WASHINGTON (AP) — The Justice Department has recovered most of a multimillion-dollar ransom payment made to hackers after a cyberattack that caused the operator of the nation's largest fuel pipeline to halt its operations last month, officials said Monday. The operation...

El Salvador president wants Bitcoin as legal tender

Jun. 06, 2021 23:13 PM EDT

SAN SALVADOR, El Salvador (AP) — El Salvador President Nayib Bukele announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country's congress that would make the cryptocurrency legal tender in the Central American...

California man gets 2 years in prison for laundering Bitcoin

May. 29, 2021 16:22 PM EDT

SANTA ANA, Calif. (AP) — A Southern California man who pleaded guilty to illegally operating kiosks where customers could buy Bitcoin with cash, or sell Bitcoin in exchange for cash has been sentenced to two years in federal prison. Kais Mohammad, 37, of Yorba Linda,...

Editorial Roundup: U.S.

May. 26, 2021 14:42 PM EDT

Excerpts from recent editorials in the United States and abroad: May 24 The Guardian on a line being crossed in Belarus: In recent months, Europe has watched impotently from the sidelines as Alexander Lukashenko brutally...

Editorial Roundup: Texas

May. 24, 2021 10:24 AM EDT

Austin American-Statesman. May 21, 2021. Editorial: Want more Texans back at work? Help them get child care Chuck Cohn sees both ends of the problem at his South Austin child care center. Parents need to line up child care so they can get back to...

Stocks end a wobbly day mixed; S&P 500 posts a weekly loss

May. 21, 2021 16:46 PM EDT

Wall Street racked up more losses Friday on a choppy day of trading that left the major indexes mixed and the S&P 500 with its second straight weekly decline. The S&P 500 ended 0.1% lower after having been up 0.7% in the early going. The benchmark index, which...

Asian shares mixed after retreat on Wall Street

May. 19, 2021 23:59 PM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday after benchmarks closed broadly lower on Wall Street in a third day of retreat. The price of Bitcoin and other cryptocurrencies declined further. Stocks rose in Tokyo and Sydney but fell in Hong Kong and Shanghai. ...