HARRISBURG, Pa. — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it. Proponents of the uniquely volatile commodity argue it is a…
TEHRAN, Iran — Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses. And while several factors are likely involved, some suspect cryptocurrency mining has played a role in the outages. Iran economy has been hobbled for years by international sanctions…
NEW YORK — Born from the ashes of the 2008 global financial crisis, bitcoin arrived after trust had withered in the financial system and in Washington’s ability to protect those who must participate in it. Now, it’s Washington’s very embrace of bitcoin that’s helping to send its price to records and lining the pockets of…
NEW YORK — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be phased by gravity or any…
WASHINGTON — A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — was sentenced on Thursday to five years in prison. Ilya Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange before…
NEW YORK — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the last…
