MIAMI — On Monday, Craig Wright, wearing a cream-colored suit and purple tie, concluded his fourth day of testimony in the civil suit launched against him by the estate of his former best friend and alleged business partner, David Kleiman. Ira Kleiman, David’s brother, and the attorneys representing the estate posit that David and Wright […]

The Central Reserve Bank of Peru (BCRP) is developing a central bank digital currency (CBDC), BCRP President Julio Velarde said Tuesday. “We have been working on a digital currency,” Velarde said at an online business forum in Peru. “We are involved in a lot of projects with several central banks.” The initiative follows a range […]

The 27 percent drop in bitcoin miner Marathon Digital’s shares on Nov. 15 was “overdone” and thus presents a buying opportunity, DA Davidson analyst Christopher Brendler said in a note. On Monday, Marathon disclosed in its 10-Q filing that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) to produce documents and […]

CORRECTION (Nov. 16, 10:06 UTC): A previous version of this story incorrectly stated that the threshold for transactions to be reported was $1,000. CORRECTION (Nov. 15, 22:41 UTC): An earlier version of this story incorrectly stated that Sen. Lummis’s bill had failed. President Joe Biden signed into law Monday the $1 trillion bipartisan infrastructure bill, […]

China’s National Development and Reform Commission (NDRC), said on Tuesday that in the next stage of its crypto mining crackdown it will consider “punitive electricity prices” for some crypto mines. The country’s top economic planning body might implement this measure for companies that mine crypto, but only pay residential electricity prices, said NDRC’s Meng Wei […]