Latest Blockchain News

Binance crypto exchange hit by latest digital currency hack

Oct. 07, 2022 10:31 AM EDT

Binance, the world’s largest cryptocurrency exchange, may have lost more than $100 million following a hack of its Binance Smart Chain blockchain network. A reddit post by Binance discussing the incident said that the company temporarily suspended transactions and the transfer of...

Treasury recommends exploring creation of a digital dollar

Sep. 16, 2022 12:29 PM EDT

WASHINGTON (AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said on Friday that after...

EXPLAINER: Ethereum is ditching its 'miners.' Why?

Sep. 15, 2022 18:19 PM EDT

SAN FRANCISCO (AP) — A complex software change to the cryptocurrency ethereum holds the potential to dramatically reduce its energy consumption — and resulting climate-related pollution. But the transition known as "the merge" is not going to do the trick by itself. With the...

Crypto firms say US sanctions limit use of privacy software

Aug. 26, 2022 14:45 PM EDT

WASHINGTON (AP) — The Treasury Department is facing pushback from the cryptocurrency industry over sanctions imposed on a firm accused of helping to launder billions of dollars — with some funds going to North Korean hackers. Earlier this month, the Treasury Department imposed...

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. ...