Cryptocurrencies

WASHINGTON — Cryptocurrency industry leaders gathered at the White House Friday for a first-ever meeting with President Donald Trump and Treasury Department officials on how to leverage bitcoin and other blockchain investments as national assets. They are asking for new... Read More

WASHINGTON — President Donald Trump will host the White House’s first-ever “crypto summit” on Friday, a session expected to be attended by prominent founders, CEOs and investors from the cryptocurrency universe, as well as members of the President’s Working Group... Read More

WASHINGTON — Copies of letters released Friday by the Federal Deposit Insurance Corporation are being interpreted by the cryptocurrency industry to mean the bank regulator was trying to interfere with development of the market. The FDIC sent the letters to... Read More

LONDON (AP) — The price of bitcoin hit a new high Wednesday 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 above $75,000... Read More

WASHINGTON — Financial experts told a congressional subcommittee Wednesday that cryptocurrency is ready to be incorporated into traditional markets and industries through pending federal legislation. If the proposals to expand use of cryptocurrency are approved by Congress, it could become... Read More

WASHINGTON — There may be a bipartisan cryptocurrency regulation coming. But of course, there are partisan differences over how to protect consumers while maintaining an industry-friendly environment.  Cryptocurrencies, and the blockchain foundation these currencies run on, have experienced greater volatility... Read More

WASHINGTON — A Senate committee on Thursday nearly eliminated uncertainties about whether the government will regulate the cryptocurrency industry soon as lawmakers reviewed the collapse of digital financial firm FTX. FTX’s cryptocurrency exchange held assets of more than 1 million... Read More

WASHINGTON — The Biden administration released a slew of reports Friday detailing how the government should regulate cryptocurrencies, and even create a central bank digital currency. The reports state regulators should continue to use their powers to aggressively pursue enforcement... Read More

WASHINGTON — Washington, D.C., is accusing billionaire corporate mogul Michael Saylor of evading $25 million in local income taxes in a whistleblower lawsuit filed last week. The District of Columbia’s attorney general says Saylor fraudulently claimed he lived in Florida... Read More

WASHINGTON — As Congress contemplates sweeping oversight legislation to cryptocurrency, industry leaders are welcoming those potential guardrails. It’s important to “strike the right balance of acting quickly in the United States to establish this clarity and also the appropriate guardrails... Read More

WASHINGTON — Four of the largest crypto mining companies are facing questions about their environmental impacts from the House Committee on Energy and Commerce. “The energy consumption and hardware required to support [proof of work–based] cryptocurrencies may, in some instances,... Read More

WASHINGTON — Eleven people were charged in a $300 million cryptocurrency Ponzi scheme targeting Americans and people abroad Monday by the Securities and Exchange Commission. They were charged of fraud for their blockchain networking company, Forsage, promoting itself as the... Read More

LOS ANGELES, Calif. — A cryptocurrency CEO pleaded guilty to fraud Friday, according to a statement from the Department of Justice. Michael Alan Stollery, 54, of Reseda, California, was the CEO of Titanium Blockchain Infrastructure Services Inc. TBIS raised $21... Read More

WASHINGTON — Federal employees with crypto-assets shouldn’t be working on new rules and regulations that could influence the value of those assets, according to a new legal advisory from the Office of Government Ethics. This comes as multiple agencies across... Read More

SACRAMENTO, Calif. — Regulating cryptocurrencies has been top of mind for many lawmakers and regulators across the country as prices fluctuate and scams become even more common. In California, the Department of Financial Protection and Innovation has been cracking down... Read More

WASHINGTON — Charlene Fadirepo, who has worked in banking for about two decades, is one of the millions of Americans who started investing in cryptocurrencies when stuck at home at the start of the pandemic. “As a traditional banker, once... Read More

WASHINGTON (AP) — Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures. It’s unclear, though, whether the bill proposed by Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., can clear Congress,... Read More

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... Read More

HELENA, Mont. (AP) — For the past year a company that “mines” cryptocurrency had what seemed the ideal location for its thousands of power-thirsty computers working around the clock to verify bitcoin transactions: the grounds of a coal-fired power plant... Read More

NEW YORK (AP) — Wall Street futures rebounded Wednesday and European shares rose sharply as investors eyed diplomatic efforts to end Russia's attack on Ukraine, while Asian markets sank after Chinese inflation accelerated. Futures for Wall Street’s S&P 500 index... Read More

WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concerns in... Read More

WASHINGTON (AP) — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.5 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016... Read More

NEW YORK — A key lawsuit pending in New York is moving toward a judgment expected to influence the extent the booming cryptocurrency market can remain largely unregulated. The Securities and Exchange Commission argues that Bitcoin, Ethereum and other cryptocurrencies... Read More

SAN FRANCISCO — Former Twitter CEO Jack Dorsey on Wednesday announced the creation of a nonprofit legal defense fund geared towards defending Bitcoin developers from litigation. Dorsey announced the fund in a mailing list for Bitcoin developers and said its... Read More

WASHINGTON — A Senate panel discussed strategies Tuesday for the U.S. government to participate in the growth of cryptocurrencies but to avoid economic calamities. Financial advisors told the Senate Banking, Housing and Urban Affairs Committee they face a daunting task.... Read More

AUSTIN, Texas — Texas’ alluring low energy costs are drawing bitcoin miners from out of state despite the vulnerable condition of the electrical grid. Cryptocurrency mining is an energy-intensive process in which new cryptocurrencies are entered into circulation by using... Read More

WASHINGTON -- The Biden administration is taking steps to address the growing threat of cybercrime while considering whether to issue an executive order on issues surrounding the illicit use of cryptocurrency. A White House National Security Council spokesperson said in... Read More

BEIJING (AP) — China's central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the... Read More

After working for over a decade on modernizing its payment system, the Bahamas is now home to the world’s first central bank digital currency called the “sand dollar.” For this archipelago of 700 Caribbean islands, moving to a mobile payment... Read More

WASHINGTON — While cryptocurrencies have dominated the news, another type of digital currency is being considered by the central banks of dozens of countries including the United States. Starkly different from crypto, these electronic currencies would have the full backing... Read More