The operator of AurumXchange, a virtual currency exchange, had been charged with five counts of money laundering and two counts of willfully failing to file a tax return.
The White House crypto-czar reports that the federal government currently owns about 200,000 bitcoins.
Establishing a bitcoin reserve was one of several crypto-related promises President Donald Trump made on the campaign trail last year.
Mainstream players such as Visa and PayPal are making investments in projects involving stablecoins, a different type of cryptocurrency whose price is never meant to rise or fall.
Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming Trump administration, which could translate into more regulatory clarity but also leeway.
Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record, set in March. Other cryptocurrencies also soared.
The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies.
The world’s largest cryptocurrency jumped 4% this week and briefly surpassed $68,800 Tuesday, according to CoinMarketCap.
Fort Wayne-based STAR, which has 13 banking offices in the Indianapolis market, said it sees a business opportunity in Bitcoin and plans to add additional cryptocurrency services as demand warrants.
The Office of the Comptroller of the Currency, which regulates federally chartered U.S. banks, has recently given banks the go-ahead to engage in certain types of cryptocurrency transactions.
Tesla is in a unique position to accept digital currencies for payment, since the automaker does not rely on a network of independently owned dealerships to sell its vehicles unlike traditional car companies such as General Motors and Ford.
The ruse included bogus tweets from former President Barack Obama, Democratic presidential front-runner Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk.
New bitcoins are created during the digital process of verifying transactions. Here’s how it works.
Cryptocurrency might not be coming to a bank near you—yet. But bitcoin ATMs are springing up across central Indiana and the nation, and some tech leaders say that, within a decade, cryptocurrency could be more life-altering than the internet.
The effort, dubbed “Operation Cryptosweep,” is being coordinated by the North American Securities Administrators Association.
Sells Group is finding unique ways to combine cryptocurrency and blockchain technology with some of its more traditional digital marketing offerings.
Indiana’s first Bitcoin ATM, which recently debuted at an Irvington e-cigarette emporium called World of Vapor, is either a glimpse of Indiana’s cyber-money future or an anachronism. Or perhaps both.
