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Cryptocurrencies

Crypto Comes to Washington. Will the Millions Buy Influence?

WASHINGTON (AP) — Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month... 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

Bitcoin’s New Puzzle: How to Ditch Fossil Fuels and Go Green

HELENA, Mont. (AP) — For the past year a company that “mines” cryptocurrency had what seemed the ideal location for... 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

Wall Street Eyes Rebound, European Stocks Surge on Diplomacy

NEW YORK (AP) — Wall Street futures rebounded Wednesday and European shares rose sharply as investors eyed diplomatic efforts to... 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

AP Sources: Biden to Issue Executive Order on Cryptocurrency

WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark... 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

Justice Dept. Announces $3.6B Crypto Seizure, Two Arrests

WASHINGTON (AP) — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.5 billion — and the... 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

2022-02-01 21:18:53
by Tom Ramstack
New York Lawsuit to Decide Regulation of Cryptocurrency

NEW YORK — A key lawsuit pending in New York is moving toward a judgment expected to influence the extent... 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

2022-01-13 00:39:49
by Reece Nations
Former Twitter CEO Jack Dorsey Launches Bitcoin Legal Defense Fund

SAN FRANCISCO — Former Twitter CEO Jack Dorsey on Wednesday announced the creation of a nonprofit legal defense fund geared... 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

2021-12-14 20:47:38
by Tom Ramstack
Senate Examines Stablecoins as Replacement for Bitcoins

WASHINGTON — A Senate panel discussed strategies Tuesday for the U.S. government to participate in the growth of cryptocurrencies but... 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

2021-11-24 18:28:47
by Reece Nations
Bitcoin Miners Flocking to Texas for Cheap Energy May Bring Grid Problems

AUSTIN, Texas — Texas’ alluring low energy costs are drawing bitcoin miners from out of state despite the vulnerable condition... 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

2021-10-13 13:17:18
by Reece Nations
Cryptocurrency Enforcement Team Announced as White House Mulls Oversight

WASHINGTON -- The Biden administration is taking steps to address the growing threat of cybercrime while considering whether to issue... 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

China Declares All Cryptocurrency Transactions Illegal

BEIJING (AP) — China's central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up... 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

2021-07-29 20:28:16
by Victoria Turner
Centralized Digital Bank Currencies: The Future of Digital Money Says IMF Chief

After working for over a decade on modernizing its payment system, the Bahamas is now home to the world’s first... 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

2021-05-12 12:48:34
by Kate Michael
Could the U.S. Be Close to Creating a Digital Dollar?

WASHINGTON — While cryptocurrencies have dominated the news, another type of digital currency is being considered by the central banks... 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

Clayton’s SEC Sets Up Cryptocurrency Firms to Fail

Cryptocurrency may still seem like a strange, foreign concept in many American households – but the technology has reached the... Read More

Cryptocurrency may still seem like a strange, foreign concept in many American households – but the technology has reached the point where it is entering the everyday economy. The price of Bitcoin has hit a record-high, G7 officials are pushing... Read More

2020-12-10 15:46:16
by Sean Trambley
Rep. Emmer Urges SEC to Provide Clarity for Digital Securities

WASHINGTON – This week, Rep. Tom Emmer, D-Minn., sent a letter to the Securities and Exchange Commission urging them to... Read More

WASHINGTON – This week, Rep. Tom Emmer, D-Minn., sent a letter to the Securities and Exchange Commission urging them to address the issue of broker-dealer custody of digital securities. Rep. Emmer's letter urges the SEC to take three important actions:... Read More

House Panel Asks Whether Legislation Can Keep Cash as King

WASHINGTON — At some uncertain point in the future, printing cash may be a waste of money. As Americans increasingly... Read More

WASHINGTON — At some uncertain point in the future, printing cash may be a waste of money. As Americans increasingly rely on credit cards, online transfers, mobile apps and cryptocurrencies to complete transactions, a House panel debated Thursday the promise... Read More

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