Cryptocurrencies

October 14, 2019 at 3:00 pm

Despite defections, Facebook officially launches Libra

NEW YORK (AP) — Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from...

Business

October 11, 2019 at 2:00 pm

Visa, Mastercard shun Facebook’s Libra digital currency plan

NEW YORK (AP) — Visa and Mastercard on Friday announced their departure from Facebook's Libra project, a major setback to the social network's plan for...

Business

October 4, 2019 at 12:41 pm

PayPal bails on Facebook-led Libra cryptocurrency dream

PayPal Holdings has pulled out of the Libra Association, a blow to Facebook's efforts to develop a digital currency. "PayPal has made the decision to...

Business

October 1, 2019 at 4:24 pm

Report: Facebook’s Libra falters as key partners waver

SAN FRANCISCO (AP) — A new report says partners in Facebook's cryptocurrency-based payments network, Libra, are wavering in their support amid a backlash from U.S....

Business

September 20, 2019 at 11:44 am

Consultant extorted $8 million from Seattle cryptocurrency startup, feds charge

They "carried out an old-fashioned shakedown, to be paid off with 21st century cryptocurrency,” said the U.S. Attorney after the two were arrested.

The FBI raided this house in the Beacon Hill neighborhood of South Seattle on Monday, July 29, 2019 to arrest Paige A. Thompson, a 33-year-old software engineer accused in a massive data breach of Capital One information.

August 28, 2019 at 8:01 pm

Capital One hacking suspect indicted, authorities say she was mining cryptocurrency

Paige Thompson, a former Amazon software engineer who was living in Seattle's Beacon Hill neighborhood, faces penalties of up to 25 years in prison on...

August 3, 2019 at 11:01 am

SEC chief’s crypto skepticism sets up Facebook clash over Libra

The scene was straight out of the era of Bitcoin mania: a man on an Amtrak train to New York speaking loudly into his mobile...

Business

A collection of bitcoin, litecoin and ethereum tokens. Photographer: Chris Ratcliffe/Bloomberg

July 26, 2019 at 10:15 am

IRS is tracking down 10,000 cryptocurrency owners to pay back taxes

The IRS has begun sending letters to taxpayers who potentially failed to report income and pay taxes on cryptocurrency transactions, the agency said Friday.

Business

June 28, 2019 at 6:00 am

Facebook’s Libra could set table for the next financial catastrophe | Jon Talton

This mother of cryptocurrencies represents a clear and present danger to the financial system.

June 25, 2019 at 8:07 am

Cryptocurrencies need close scrutiny, monitor warns

FRANKFURT, Germany (AP) — An international financial monitor warned world leaders Tuesday that wider use by retail shoppers of cryptocurrencies like Libra, unveiled last week...

Business

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