cryptocurrency

WATCH: Yellen calls for new regulations amid Crypto decline

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal.

Conventional economists sound alarm over cryptocurrency’s volatility

By Paul Solman, Lee Koromvokis

There are now thousands of cryptocurrencies, and every day it seems a new non-fungible token, or NFT, is marketed. But is “digital mania” just another historic bubble bound to burst? Our economics correspondent Paul Solman explores the digital asset boom.

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Treasury Secretary Yellen calls for cryptocurrency regulation to reduce risk, fraud

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.

Biden signs order for government oversight of cryptocurrency

By Fatima Hussein, Associated Press

The executive order had been widely anticipated by the finance industry and others who have compared the cryptocurrency market with the Wild West.

WATCH: Senate Agriculture committee hearing on risks and regulations in digital assets

By News Desk

The Senate Agriculture committee held a hearing Wednesday on risks, innovation and regulations in digital assets.

Justice Department announces seizure of $3.6 billion in laundered cryptocurrency, 2 arrests

By Eric Tucker, Associated Press

The Justice Department has announced 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.

El Salvador makes Bitcoin legal tender

By Marcos Aleman, Associated Press

The digital currency will be able to be used in any transaction and any business will have to accept payment in Bitcoin, with the exception of those lacking the technology to do so.

Record-breaking sale of digital creation makes history in art and cryptocurrency markets

By Jeffrey Brown, Jaywon Choe

Christie’s, the auction house, sold a work of art Thursday for a record-breaking $69.3 million for a piece that exists only digitally. The sale, reportedly made to an investor known by a pseudonym, is seen by many as history-making development…

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Bitcoin crosses $50,000 price for first time

By Matt Ott, Associated Press

The same Bitcoin just one year ago would have cost $10,000. The price is up almost 200% in the last three months alone.

U.S. seizes digital currency accounts used by militant groups

By Eric Tucker, Associated Press

The Justice Department has seized millions of dollars from cryptocurrency accounts used by militant organizations based abroad, including the Islamic State group and al-Qaida. Officials are describing it as the largest-ever seizure of digital currency funds related to terrorism.