Latest Blockchain News

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...

Nevada governor wants lawmakers to study 'Innovation Zones'

Apr. 26, 2021 16:08 PM EDT

CARSON CITY, Nev. (AP) — Gov. Steve Sisolak said Monday he will scale back his proposal to let technology companies establish zones where they could exercise powers similar to those of local government. Instead of asking lawmakers to pass a resolution to approve the proposal this session,...

Auction brings Hall of Famer Ted Williams to NFT market

Apr. 18, 2021 16:50 PM EDT

BOSTON (AP) — Teddy Ballgame is about to become Teddy Blockchain. Hall of Famer Ted Williams is coming to the digital memorabilia market with a release of nine different cards that follow the No. 9’s career from skinny rookie to Cooperstown inductee. The collectors'...

USC's Evan Mobley declares for NBA draft in unique way

Apr. 16, 2021 22:30 PM EDT

LOS ANGELES (AP) — Evan Mobley is leaving Southern California after one season to enter the NBA draft. The 7-footer revealed his long-expected decision in a unique way. He posted a 21-second NFT (nonfungible token) on Twitter on Friday that he autographed and is...

Eastern Caribbean dollar goes digital, a help for unbanked

Apr. 08, 2021 14:49 PM EDT

SAN JUAN, Puerto Rico (AP) — The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people without bank accounts. The Eastern Caribbean Central Bank said its “DCash” is the first such blockchain-based currency...

Sports cards have gone virtual, and in a big way

Mar. 31, 2021 12:02 PM EDT

SILVER SPRING, Md. (AP) — Maybe the Luka Doncic rookie basketball card that recently sold at auction for a record $4.6 million was a bit rich for your blood. Perhaps you’d be interested in a more affordable alternative — say, a virtual card of the Dallas Mavericks forward currently...

Dapper Labs, creators of NBA Top Shot, get $305M in funding

Mar. 30, 2021 09:03 AM EDT

SILVER SPRING, Md. (AP) — Canadian blockchain technology company Dapper Labs has secured $305 million in private funding — some of it from current and former NBA players, including Michael Jordan — to scale up its virtual NBA trading card site, the company said Tuesday. ...

How two friends made art history buying a $70M digital work

Mar. 26, 2021 12:11 PM EDT

It took a few minutes for Vignesh Sundaresan and Anand Venkateswaran to realize that they'd parted with $69.3 million for a digital artwork stored in a JPEG file, coincidentally securing their place in art history. “We weren’t sure we won,” said Venkateswaran,...