Latest Bitcoin News

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

May. 13, 2022 17:00 PM EDT

NEW YORK (AP) — It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Here's a look at some major developments in...

Crypto comes to Washington. Will the millions buy influence?

May. 12, 2022 13:13 PM EDT

WASHINGTON (AP) — Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race. Houchin assumed she would face a negative blitz, like the one that crushed her in 2016...

Bitcoin in 401(k) becomes reality for more, despite warnings

Apr. 26, 2022 11:08 AM EDT

NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings...

Insider Q&A: ProShares CEO Michael Sapir on bitcoin funds

Apr. 25, 2022 09:13 AM EDT

NEW YORK (AP) — Bitcoin's public profile grew six months ago when the first exchange-traded product tied to it hit the market. It took just two days for the fund, the ProShares Bitcoin Strategy ETF, to amass more than $1 billion. That’s even though the fund, which often goes by...

Energy-thirsty Bitcoin miners seek ways to dump fossil fuels

Apr. 21, 2022 15:03 PM EDT

HELENA, Mont. (AP) — For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant in rural Montana. But...

EXPLAINER: How cryptocurrencies work (and how they don't)

Apr. 21, 2022 00:47 AM EDT

NEW YORK (AP) — The first and most popular cryptocurrency, bitcoin, launched more than a decade ago. Yet for all the relentless buzz, relatively few are well versed in cryptocurrencies or the blockchain, the technology on which they're built. Despite the evangelizing by and rising...

Miami’s crypto craze on full display at bitcoin conference

Apr. 06, 2022 15:25 PM EDT

MIAMI (AP) — Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status. Dozens of companies are using the Bitcoin 2022 conference running Wednesday...

Crypto for Ukraine provides a flow of war-related assistance

Mar. 26, 2022 14:03 PM EDT

NEW YORK (AP) — Ukraine, which has waged a staunch defense against Russian invasion, says it has pioneered a new source of financial support: People around the world who have donated millions of dollars directly to its war effort via cryptocurrencies such as bitcoin. Since Feb. 26,...

Man convicted of drug charges must forfeit cryptocurrency

Mar. 14, 2022 09:02 AM EDT

BOSTON (AP) — A man convicted of drug charges in federal court in Boston has been ordered by a judge to forfeit about $2 million worth of Bitcoin, the first judicial forfeiture of cryptocurrency in the federal District of Massachusetts, prosecutors said. Binh Thanh Le, 25, of...

'HODL': A typo takes hold as a sound cryptocurrency strategy

Mar. 09, 2022 08:34 AM EST

Late in 2013, with bitcoin prices in the middle of a steep dip, a post appeared in an online forum featuring a misspelling that would become legendary: “I AM HODLING.” The mangling of the word “hold” captured a kind of irreverent blind faith of some early cryptocurrency...