Latest Cryptocurrency News
Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rally
NEW YORK (AP) — As money continues to pour into crypto following Donald Trump's reelection last week, bitcoin has climbed to yet another record high. The world's largest cryptocurrency topped $89,000 for the first time, briefly peaking at $89,995 early Tuesday, according to...
Caroline Ellison begins 2-year sentence for her role in Bankman-Fried's FTX fraud
DANBURY, Conn. (AP) — Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars. Ellison, 30, reported to...
Stocks and bitcoin jump after Trump's victory. So do worries about inflation as Dow surges 1,500
NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher Wednesday as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. Among the losers the market sees: the renewable-energy industry and...
Trump win ignites crypto frenzy that sends bitcoin to a record high
LONDON (AP) — The price of bitcoin hit a new high Wednesday and crypto-related shares rallied as investors bet that former President Donald Trump's victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing...
A courtroom of relief: FBI recovers funds for victims of scammed banker
WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. "I just can’t describe the weight lifted off of...
Nigeria releases American crypto executive after dropping money laundering case
WASHINGTON (AP) — An American cryptocurrency executive held in Nigeria for the past eight months has been released after authorities there announced they were ending his money laundering trial on health and diplomatic grounds. Tigran Gambaryan, Binance’s head of financial crime...
Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day
WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric. His speech will come 50 days before...
Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says
WASHINGTON (AP) — Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45% jump in losses from 2022. The FBI received nearly 70,000 complaints in 2023 by victims of...
Trump's new crypto business could create more conflicts if he's elected president
WASHINGTON (AP) — Donald Trump is promising to make America the “crypto capital of the planet” if he returns to the White House. Fulfilling that promise would likely pay off for him personally. Amidst his run for president, Trump has launched a new venture to trade...
Bibles, cryptocurrency, Truth Social and gold bars: A look at Trump's reported sources of income
Former President Donald Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come...
