Latest Cryptocurrency News

In Cuba, caution and confusion meet eased US sanctions

May. 24, 2022 11:50 AM EDT

HAVANA (AP) — Marylín Álvarez seemed to be just the sort of person that eased American sanctions on Cuba were meant to help. With the aid of money sent by a cousin living in the United States, she began transforming the entrance to her ground-floor apartment into a tiny cafe...

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...

CEO of FTX crypto exchange buys big stake in Robinhood

May. 12, 2022 17:48 PM EDT

NEW YORK (AP) — The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he bought the shares thinking they were an attractive investment and that he...

Crypto meltdown prompts Yellen to call for new regulation

May. 12, 2022 15:24 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its...

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...

England's crypto club takes plunge into the unknown

May. 12, 2022 04:46 AM EDT

So, an American consortium has bought an English soccer team with the ultimate aim of winning the Premier League title. Nothing especially new there, right? Well, when it comes to the recent purchase of Crawley Town, an unheralded club located 28 miles (44 kilometers)...

Rhode Island man gets 3 years for cryptocurrency fraud

May. 11, 2022 21:32 PM EDT

NEW YORK (AP) — A 25-year-old Rhode Island man who federal prosecutors say defrauded more than 170 people who poured millions of dollars into his cryptocurrency investment business was sentenced in New York City on Wednesday to more than three years in prison and ordered to pay more than $2.8...

Coinbase loses half its value in a week as crypto slumps

May. 11, 2022 18:56 PM EDT

SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the...

How to avoid ‘rug pulls,’ the latest cryptocurrency scam

May. 11, 2022 11:45 AM EDT

A new type of scam has emerged in the hype-filled world of cryptocurrency: the “rug pull.” The scam, which gets its name from the expression “pulling the rug out,” involves a developer attracting investors to a new cryptocurrency project, then pulling out before the project...

SEC: Nvidia failed to disclose crypto as revenue generator

May. 06, 2022 11:36 AM EDT

NEW YORK (AP) — Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that cryptomining was a significant source of revenue growth from the sale of graphics processing units that were produced and marketed for gaming. ...