cryptocurrency

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Bitcoin Closes In on $50K After Setting a Record

Cryptocurrency climbed 4% in 24 hours

(Newser) - After rising 4% in 24 hours, Bitcoin hit a record $49,714.66 on Sunday. It slipped slightly to $48,700 later in the morning, Reuters reports. For the year, Bitcoin has risen nearly 70%. Widespread acceptance of virtual currencies is a main driver of the increase. After long hesitating,...

Elon Musk Move Sends Bitcoin Soaring

Tesla invests $1.5B in cryptocurrency, may accept it as payment

(Newser) - The world's richest person in terms of dollars just made a big splash in the world of cryptocurrency, too. Elon Musk's Tesla has invested $1.5 billion in bitcoin and says it plans to begin accepting it as a form of payment, reports MarketWatch . The move gave an...

He&#39;s Down to Last 2 Guesses to Access $240M in Bitcoin
He's Down to Last 2 Guesses
to Access $240M in Bitcoin
in case you missed it
Jan 17, 2021 12:45 PM CST

He's Down to Last 2 Guesses to Access $240M in Bitcoin

'New York Times' looks at the problem of owners who have forgotten their passwords

(Newser) - It sucks when you can't remember your password to, say, your Amazon.com or Venmo account. It really sucks when the code that's right on the tip of your brain is keeping you from accessing millions of dollars' worth of bitcoin—and if you guess wrong too many...

It's Another Weird Headline for Steven Seagal

Former action star accused with illegally promoting cryptocurrency

(Newser) - Steven Seagal's "action hero" status may have waned a bit since the Under Siege days, but the actor still finds himself in the headlines quite a bit , often for odd or disturbing reasons. The latest headline is no exception: Seagal has been charged with unlawfully promoting cryptocurrency without...

Drug Dealer Learns Big Lesson on Where Not to Hide Bitcoin Codes

$60M now can't be accessed after Clifton Collins stashed codes in fishing rod case that's vanished

(Newser) - He should've stuck to his praise-winning honey. An Irish former beekeeper-turned-drug dealer is ruing the day he came up with the bright idea to stash the codes to accounts harboring close to $60 million in bitcoin in the aluminum cap of a fishing rod case—which, per the Guardian...

A Surprise Death, and Investors Think Something Is Fishy

Some believe cryptocurrency entrepreneur Gerald Cotten is still alive, want body exhumed

(Newser) - It was a story hard to fathom , even in the brave new world of cryptocurrency. In January, Canada's biggest crypto exchange announced that 30-year-old CEO Gerald "Gerry" Cotten had died unexpectedly. The twist: QuadrigaCX also said that Cotten was the only one who knew the passwords to encrypted...

5 Takeaways From Zuckerberg&#39;s House Hearing
5 Takeaways
From Zuckerberg's
House Hearing
the rundown
Oct 24, 2019 12:10 AM CDT

5 Takeaways From Zuckerberg's House Hearing

Waters told him Facebook should address 'failures' before launching cryptocurrency

(Newser) - Mark Zuckerberg faced a grilling from lawmakers on the House Financial Services Committee over Facebook's plans for a cryptocurrency —but the questioning went beyond the Libra project to include issues like the Cambridge Analytica scandal and Facebook's record on diversity. "We aren’t perfect, and we...

'Eye-Popping and Sickening': Massive Child Porn Site Busted

337 users arrested in 38 countries, founder is already in prison

(Newser) - A massive child porn site was shut down last year in a bust by US and Korean authorities first revealed Wednesday. Authorities say the Darknet market "Welcome to Video" contained more than 250,000 unique videos, 45% of which contained images previously unknown to authorities, and was run by...

Trump Slams Facebook's Libra Cryptocurrency

He says he's 'not a fan' of cryptocurrencies

(Newser) - President Trump declared Thursday that he is "not a fan" of Bitcoin and other cryptocurrencies—including Facebook's upcoming Libra currency . Cryptocurrencies "are not money" and their value is "highly volatile and based on thin air," Trump tweeted . "Similarly, Facebook Libra’s 'virtual currency'...

Winklevoss: This Makes Us &#39;Frenemies&#39; With Zuckerberg
What the New Facebook
Cryptocurrency Means
the rundown
Jun 18, 2019 10:35 AM CDT

What the New Facebook Cryptocurrency Means

Company announces Libra, which will be out next year

(Newser) - After a year of secret planning, Facebook announced Tuesday that it's getting into the cryptocurrency business. The new cryptocurrency, called Libra, is expected to be available in 2020, and Facebook has lined up more than two dozen big-name backers so far, reports TechCrunch . Many details are still to be...

Shocker for Cryptocurrency Clients: 'All of Your Money Is Gone'

After Quadriga CEO reportedly died, the mystery deepens

(Newser) - A CEO's untimely death, hard-to-crack passwords, and up to $190 million in missing cryptocurrency. These all underlie a mystery that Fortune calls the "implosion of Quadriga" after the December death of the QuadrigaCX coin exchange's chief, Gerald Cotten, at the age of 30, and now the FBI...

Crypto Investors' Woe: Widow Can't Open Founder's Laptop

Canadian Gerald Cotten had the only access to $190M in QuadrigaCX funds

(Newser) - The risks of investing in cryptocurrency have been well documented, but a new case out of Canada may be the weirdest example yet. It seems the founder of a crypto exchange died unexpectedly, and he was the only one who had access to most of the $190 million of his...

Shipwreck Packed With Gold May Be a Convoluted Scam

So much for the $132B slumbering on the ocean floor

(Newser) - It sounded too good to be true. Now, officials say it really might have been. In mid-July, the South Korea-based Shinil Group announced that it had discovered the wreck of the Russian Imperial Navy cruiser Dmitrii Donskoi and that the 200 tons of gold it was carrying when it sank...

'A Sinking Feeling': Men Get Letters About Their 'Secrets'

The FBI says it's a new breed of scam

(Newser) - "I know about the secret you are keeping from your wife and everyone else," the letter read. "More importantly, I have evidence of what you've been hiding." Jeff Strohl, resident of a wealthy Washington suburb, admits he wasn't too thrilled to read the July...

Bitcoin Used in 2010 to Buy 2 Pizzas Now Worth $82M

The cryptocurrency has gone up in price just a bit since then

(Newser) - Hallmark may need to update its official list of holidays . Tuesday was Bitcoin Pizza Day, or what Business Insider calls "the most celebrated day in crypto," marking the eighth anniversary of when programmer Laszlo Hanyecz made what's thought to be the very first purchase with bitcoin. That...

He Became a Billionaire, Dies on Way to Rehab at 54

Matthew Mellon bet big on cryptocurrencies, but battled an OxyContin addiction

(Newser) - Matthew Mellon, the banking heir whose cryptocurrency investment paid off big-time, has died in Cancun, Mexico. He was 54. A family rep issued the following statement to Page Six : "Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three...

Single Donation Fulfills Every Request on DonorsChoose

'We never had this dream because it would have been too crazy to even say'

(Newser) - The scope of the donation—and the effects it will have on US students—is almost hard to fathom. "I kind of dared myself to send an email pitching an idea 10 times bigger than I've ever pitched before," Charles Best, founder of DonorsChoose.org, tells the...

Trump Throws Cold Water on Venezuelan Cryptocurrency

The president has banned all Americans from using the so-called 'petro' coins

(Newser) - The Venezuelan government hopes its oil-backed cryptocurrency will help right the nation's flailing economy, but a move by President Trump may complicate the bid to outmaneuver US sanctions. Trump on Monday issued an executive order immediately banning all use by Americans of Venezuela's "petro" currency. Per the...

Bitcoin Plummets After Google Ad Ban

Google is doing away with cryptocurrency-related ads

(Newser) - Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets. The new policies, which also ban other complex financial products, were announced Wednesday and will go into effect in June. The move follows a similar step...

In Pacific NW, an 'Intensifying Guerilla Warfare' Over Bitcoin

Mid-Columbia Basin's space, hydroelectric power has made it top site for bitcoin mining in US

(Newser) - You'd think any old region would do for a bitcoin mining business : Just set up a computer, solve a bunch of sophisticated math puzzles, and start raking in that sweet virtual currency. But as Paul Roberts' deep dive on Politico notes, that kind of computer power can require "...

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