Cryptocurrencies suffered a total outflow of value equivalent to $207 million during the first week of the year, according to a report by digital assets hedge fund CoinShares, indicating a persistent bearish outlook that may lead to an ever-heavier loss over the year. This is the fourth straight week of outflows, now totaling $465 million…

The Department of Justice has taken action to return more than $154 million in funds allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation by one of its employees who subsequently converted it to Bitcoin. According to the civil forfeiture complaint in the Southern District of California, the stolen funds were discovered on Dec….

The Department of Justice has taken action to return more than $154 million in funds allegedly stolen from a subsidiary of Tokyo-based Sony Group Corp. by one of its employees, who is accused of subsequently converting the stolen money to Bitcoin. According to the civil forfeiture complaint in the Southern District of California, the stolen…

Executives of six cryptocurrency companies urged Congress on Wednesday to clarify regulations, relax restrictions, and bring about tailor-made legislation for the booming $3 trillion sector. Washington is still figuring out how to manage the decade-old digital asset market in which almost 16 percent of Americans have made at least one transaction. A partisan divide was…