Jay-Z, Twitter CEO Jack Dorsey Announce Bitcoin Development FundBitcoin's big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund.
San Francisco Man Sentenced For Embezzling $5M In Cash, CryptocurrenciesA San Francisco man was sentenced to six months in prison and ordered to pay restitution after admitting to a multi-million-dollar embezzlement of cash and cryptocurrency.
Ex-Girlfriend Of Silk Road Mastermind On Dating A Man Wanted By FBI"I think he knew he was going to get caught -- and end up being a martyr for his cause," says Julia Vie, the former girlfriend of Silk Road creator Ross Ulbricht.
Steve Wozniak Lawsuit Accuses YouTube Of Ignoring Cryptocurrency Scam While Collecting Ad RevenueFor months before a scam co-opting the accounts of several famous people on Twitter was revealed and quickly quashed last week, a similar scheme was being perpetrated on YouTube using images of Apple cofounder Steve Wozniak, Microsoft cofounder Bill Gates, Tesla founder Elon Musk and others, according to a lawsuit filed this week.
Feds Charge Famed Lobbyist Jack Abramoff With Fraud In Cryptocurrency CaseJack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday.
Zuckerberg Defends Facebook Libra Cryptocurrency Plan To Skeptical Lawmakers On House CommitteeFacebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators.
Facebook Says Libra Won't Launch Without US ApprovalFacebook CEO Mark Zuckerberg plans to tell Congress Wednesday that the company's planned Libra cryptocurrency won't launch unless all U.S. regulators approve.
Visa, Mastercard Shun Facebook's Libra Digital Currency PlanVisa and Mastercard on Friday announced their departure from Facebook's Libra project, a potentially fatal blow to the social network's plan for a worldwide digital currency.
Alleged Cryptocurrency Thief 'Psycho' Charged In Brazen Digital SchemeAn alleged digital hacker has been arraigned on charges stemming from a scheme to hijack a cryptocurrency exchange and drain at least $1.4 million from its accounts.
Mark Zuckerberg To Testify Before Congress Amid Scrutiny Of Facebook's Libra CryptocurrencyFacebook CEO Mark Zuckerberg will testify before a House committee later this month as Congress scrutinizes the tech giant's plans for a digital currency.
PayPal Exits Facebook Digital Payments Project LibraPayPal has pulled out of Facebook's digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system.
Visa, Mastercard Reconsider Partnership With Facebook Cryptocurrency Network 'Libra'A new report says partners in Facebook's cryptocurrency-based payments network, Libra, are wavering in their support amid a backlash from U.S. and European officials.
'Facebook Is Dangerous'; Senators Grill Silicon Valley Giant's ExecutivesFacebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers,
Treasury Chief: Facebook Cryptocurrency Plan Ripe For Illicit UseThe Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism.
Fed Chairman: Facebook's Cryptocurrency Libra 'Raises Many Serious Concerns'The Federal Reserve has set up a working group to evaluate Facebook's Libra cryptocurrency, Chairman Jerome Powell told the House Financial Services Committee during his testimony Wednesday.