Latest Bitcoin News

Bitcoin trial: Defendant wins dispute over $50B in Bitcoin

Dec. 06, 2021 17:37 PM EST

NEW YORK (AP) — Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury...

Insider Q&A: Explaining the fast growth of stablecoins

Dec. 06, 2021 10:57 AM EST

WASHINGTON (AP) — Among the fastest-growing forms of cryptocurrency are stablecoins, which use blockchain technology like Bitcoin and ethereum. Stablecoins are distinct, though, because they are pegged to a government-backed currency, like the dollar, or to gold. With each digital token valued...

El Salvador to build cryptocurrency-fueled "Bitcoin City"

Nov. 21, 2021 11:18 AM EST

LA LIBERTAD, El Salvador (AP) — In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano. Bukele used a gathering of Bitcoin enthusiasts Saturday night to...

Amid crypto's Wild West, Binance says a sheriff is needed

Nov. 17, 2021 07:37 AM EST

NEW YORK (AP) — The cryptocurrency market gets likened to the Wild West by critics, and now a key player is asking for sheriffs to come to town. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global...

Q&A: Binance CEO on bubbles, meme coins and crypto's swings

Nov. 17, 2021 07:34 AM EST

NEW YORK (AP) — The CEO of Binance, the world's largest cryptocurrency exchange, doesn't try to explain why some cryptocurrencies that started purely as a joke have surged so much in price. He also doesn't want to say if the exuberance for meme coins like Dogecoin is...

Charities see more crypto donations. Who is benefiting?

Nov. 15, 2021 17:24 PM EST

As the biggest cryptocurrencies flirt with record high values, they're increasingly becoming bigger sources of revenue for charities. However, the number of charities accepting the virtual currencies, known for their volatility, remains limited. Bitcoin, the world's...

Civic groups slam El Salvador's bill on outside funding

Nov. 10, 2021 18:31 PM EST

SAN SALVADOR, El Salvador (AP) — Civic groups and activists criticized Wednesday a proposal by President Nayib Bukele’s to ban foreign donations or funding for non-governmental organizations that supposedly carry out political activity in El Salvador. The groups said...

From cryptocurrency to cash: Ways to bank your digital coin

Nov. 10, 2021 07:01 AM EST

Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money. But there are new services on the horizon that could...

Treasury report calls for stricter oversight of stablecoins

Nov. 01, 2021 16:53 PM EDT

WASHINGTON (AP) — The Biden administration is calling on Congress to pass legislation that would strengthen government regulation of stablecoins, a form of cryptocurrency that has soared in popularity in the past year. In a 22-page report issued Monday, the Treasury...

Asian shares mixed after Evergrande sale deal called off

Oct. 20, 2021 23:59 PM EDT

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong and Tokyo but rose in most other regional markets. China...