Latest Blockchain News

US issues sanctions on a 2nd virtual currency mixing firm

Aug. 08, 2022 13:05 PM EDT

WASHINGTON (AP) — The Treasury Department has imposed sanctions on virtual currency mixer Tornado Cash, which has allegedly helped to launder more than $7 billion worth of virtual currency since its creation in 2019. Treasury’s Office of Foreign Assets Control says Tornado Cash's...

Developing nations seek to overcome energy, currency crises

Jul. 26, 2022 09:05 AM EDT

DHAKA, Bangladesh (AP) — Business leaders and officials from eight developing nations meeting in Bangladesh on Tuesday said more cooperation was needed among them to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions. Representatives...

3 charged with wire fraud in federal cryptocurrency case

Jul. 22, 2022 08:22 AM EDT

SEATTLE (AP) — A former employee of the cryptocurrency exchange platform Coinbase and two others were charged by the U.S. Securities and Exchange Commission for alleged insider trading valued at more than $1.1 million, according to a lawsuit filed Thursday in U.S. District Court in Seattle. ...

Bitcoin drops below $20,000 as crypto selloff quickens

Jun. 18, 2022 18:18 PM EDT

NEW YORK (AP) — Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most popular cryptocurrency had plunged as much as 9.7% to less...

Bank of Jamaica to launch nationwide digital currency

Jun. 07, 2022 11:22 AM EDT

SAN JUAN, Puerto Rico (AP) — The Bank of Jamaica is preparing to issue a nationwide digital currency for the first time in its history following recent approval from legislators. The move is expected to help many on the island of nearly 3 million who don’t have bank accounts,...

Digital currencies flow to campaigns, but state rules vary

Jun. 05, 2022 11:36 AM EDT

For congressional candidate Shrina Kurani, cryptocurrency is not only the future of money, it’s a transformative technology that could revolutionize campaign funding and attract a new generation of voters. She is among a vanguard of candidates courting campaign contributions in...

Landmark bill to limit cryptomining passes NY Legislature

Jun. 03, 2022 16:14 PM EDT

ALBANY, N.Y. (AP) — New York lawmakers have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the...

NFT insider trading scheme charges are a 1st, feds say

Jun. 01, 2022 16:30 PM EDT

NEW YORK (AP) — A former product manager at an online marketplace was arrested Wednesday in what federal authorities called the first ever digital asset insider trading scheme involving NFTs. Nathaniel Chastain, a former employee of a company that does business as OpenSea, was...

NFL partners with Mythical Games for blockchain-enabled game

May. 25, 2022 09:03 AM EDT

NEW YORK (AP) — The NFL and NFL Players Association are partnering with Mythical Games for the first blockchain-enabled NFL video game. The game — which will be called NFL Rivals — is slated to launch early next year. Players will run a team as a general manager and compete...