bitcoin

As of Monday, Atlanta Mayor Keisha Lance Bottoms had said the city hadn't decided whether it will pay the cyberattackers.

Time Is Running Out For Atlanta In Ransomware Attack

6:55pm March 28, 2018

by Vanessa Romo

The deadline to pay off the hackers who have crippled many of the city's online services is fast approaching. It's uncertain whether the city will pay to save its data; it may even be too late.

Rapper 50 Cent, Who Bragged About Owning Bitcoin, Now Denies It

3:20pm February 27, 2018

by Scott Neuman

Last month, the artist, whose is filing for bankruptcy, said he "forgot" he owned the cryptocurrency, which by some estimates would have been worth nearly $8 million.

Economy

Lloyds Says It Will Block Bitcoin Purchases On Its Credit Cards

6:24am February 05, 2018

by Scott Neuman

The largest British bank becomes the first to impose such a ban. Reports suggest that Lloyds fears that it could end up with unpaid debt if the cryptocurrency falls further.

World News

$400 Million Missing In Hack Of Japanese Digital Currency Exchange

4:11pm January 26, 2018

by Ian Wren

Japanese cryptocurrency exchange Coincheck shut down trading Friday, after hackers stole hundreds of millions of dollars in digital currency. Financial regulators said they were looking into the loss.

The Securities and Exchange Commission is warning investors about the potential for volatility and fraud in new cryptocurrency products.

Amid Bitcoin Frenzy, SEC Warns Against Risky Cryptocurrency Products

2:35pm January 25, 2018

by Ian Wren

The Securities and Exchange Commission is worried about the rise of new ways to invest in digital currencies like bitcoin. Regulators warn of potential "fraud and manipulation" in proposed funds.

50 Cent was among the first musicians to accept bitcoin for his work, starting with his 2014 album Animal Ambition.

50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions

3:50pm January 24, 2018

by Bill Chappell

50 Cent agreed to accept bitcoin from people buying his Animal Ambition album. The value of those sales has now skyrocketed: The rapper's holding is worth more than $7.5 million.

A man passes by a screen showing the prices of bitcoin at a virtual currency exchange office in Seoul, South Korea, on Tuesday.

Who's Trading Bitcoin? South Korea Wants To Know

10:25am January 23, 2018

by Scott Neuman

Seoul announced that beginning next week, all trading in cryptocurrencies such as Bitcoin and Ether must be traceable. Authorities also say digital currency exchanges in South Korea will be taxed.

Since mid-November, the value of bitcoin — shown in U.S. dollars, according to the exchange Coindesk — has rocketed up and plummeted. Grayed area denotes the daily price ranges, and the date range ends on Jan. 17.

Economy

Cryptocurrency Investors Worry, Wait After Bitcoin Price Drop

4:40pm January 18, 2018

by Asia Simone Burns

There are hundreds of digital currencies worldwide. The price of the largest, best known one just plummeted by 50 percent. Now, investors are watching for a boom — or a bust.

The Justice Department has charged Zoobia Shahnaz, 27, with bank fraud and money laundering. She allegedly converted money from credit cards into cryptocurrencies including bitcoin and transferred it abroad in support of ISIS.

Long Island Woman Charged With Using Bitcoin To Launder Money To Support ISIS

4:45pm December 15, 2017

by Laurel Wamsley

Zoobia Shahnaz, 27, allegedly bought more than $60,000 in cryptocurrency, got a $22,000 loan and then transferred the money abroad. The Justice Department says she intended to join ISIS in Syria.

People use the bitcoin ATM in Hong Kong, on Friday.

Bitcoin Futures Surge In First Day Of Trading

6:21am December 11, 2017

by Scott Neuman

January contracts for the skyrocketing digital currency opened at just under $15,500 on Sunday and had spiked to more than $18,000 hours later.