Bitcoin

U.S. 01/19/22, 02:54

Bitcoin continued to drop on Tuesday, Jan. 18, extending its slide after hitting a record high in November 2021. Data from CoinDesk shows that the world’s largest cryptocurrency by market value fell more than 1% in morning trading, hovering around the $41,500 level.  According to Fox Business, Bitcoin hit an all-time high ...

Central America 09/07/21, 15:58

El Salvador officially adopted Bitcoin as legal tender this Tuesday, Sept. 7, and announced the purchase of 400 cryptocurrencies worth nearly $21 million as a reserve, New York Post reported. Salvadorans will be able to pay for goods and services and even taxes with Bitcoin. Bitcoin transactions will be exempt from ...

Tech 05/29/21, 03:55

BIT Mining Limited, a China-based corporation supported by state-run enterprises with a history of cyber-attacks and a close link to the Chinese Communist Party (CCP), invested over $25 million in a bitcoin mining operation in Texas according to National Pulse. The Texas Mining Center is a cooperation project between Chinese firm ...

Business 05/20/21, 17:35

Bitcoin and ethereum recorded their biggest one-day plunge since last March on Wednesday, May 19,  with the cryptocurrency market capitalization losing nearly $1 trillion. Cryptocurrency prices plummeted as China restricted financial and payment organizations from providing bitcoin services, according to Reuters. Bitcoin fell to $30,066, its lowest level since late January, when ...

Business 05/03/19, 16:29

Bitcoin, the volatile digital currency value of which soared to nearly $20,000 per coin in 2017 and soon crashed to a small fraction of that value, has again risen to over $5,000 in past few weeks. Investors and proponents of cryptocurrencies view bitcoin as both the leader and barometer for digital ...

Business 05/03/19, 07:15

The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin's value stable. Bitcoin and similar cryptocurrencies have been susceptible ...

Business 03/14/19, 23:10

Mark Karpeles, who headed Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking, was found guilty Friday of manipulating electronic data but cleared of embezzlement and breach of trust charges.The Tokyo District Court handed down a prison sentence of two years and six months, suspended for ...

Europe 02/28/19, 09:55

The lawyers for a Russian suspected of bitcoin fraud and wanted by three countries said Thursday that the man's health is deteriorating due to a hunger strike, and criticized the Greek courts for detaining him for more than the maximum 18 months allowed.Lawyer Zoe Konstantopoulou said Alexander Vinnik, 39, has ...

Business 09/20/18, 01:38

Hackers have stolen 6.7 billion yen ($60 million) worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday.Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours last week, and some digital currencies got unlawfully relayed from what's called a "hot wallet," ...

Tech 09/19/18, 07:58

LONDON (AP) — British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the "Wild West."