bitcoin

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Mt. Gox Customers Are Getting Bitcoin Bonanza

Cryptocurrency has gone up 10K% since exchange shut down a decade ago

(Newser) - Former customers of the collapsed Mt. Gox bitcoin exchange will finally start getting their tokens back within days, which is fantastic news for them but could be a problem for other investors. The exchange shut down in early 2014 after multiple massive thefts and creditors have been waiting for more...

Happy Bitcoin Pizza Day
It's Bitcoin Pizza Day

It's Bitcoin Pizza Day

May 22 marks the anniversary of the first time cryptocurrency was used for real-world purchase

(Newser) - Happy Bitcoin Pizza Day to all who celebrate. Celebrate what, you might ask? Wednesday's "holiday" marks the anniversary of the day when, in 2010, Laszlo Hanyecz got two pizzas delivered to his house from Papa John's, which he paid for using Bitcoin, Quartz reports. (How exactly he...

'Bitcoin Jesus' Charged With Tax Fraud
'Bitcoin Jesus'
Arrested in
Spain

'Bitcoin Jesus' Arrested in Spain

Roger Ver accused of defrauding the US government out of $48M over 4 years

(Newser) - The early bitcoin investor who calls himself "Bitcoin Jesus" saw the potential in the cryptocurrency—whether he saw the Justice Department coming for him is less clear. Roger Ver, 45, was arrested in Spain over the weekend on charges of mail fraud and tax evasion; the DOJ says it...

A Big Moment for Bitcoin Is Happening This Week
Bitcoin's 'Halving'
Is Almost Here
THE RUNDOWN

Bitcoin's 'Halving' Is Almost Here

Quadrennial event is like the 'World Cup for crypto believers'

(Newser) - A huge day for bitcoin is almost here. The halving—or, as some call it, the "halvening"—happens roughly once every four years, and the next one is expected Friday night. The event halves the supply of bitcoin available to miners daily, and surges in the price of...

SBF Will Learn His Fate Today
SBF Will Learn His Fate Today
THE RUNDOWN

SBF Will Learn His Fate Today

Prosecutors are seeking up to 50 years

(Newser) - Former cryptocurrency kingpin Sam Bankman-Fried will be sentenced Thursday for crimes including wire fraud and conspiracy to commit wire fraud. There's no question that the 32-year-old will face years in federal prison but there's a big gap between recommendations from prosecutors and those from his defense lawyers, the...

Stocks Hold Steady Ahead of Big Inflation Update

Bitcoin surges to new record high

(Newser) - Stock indexes drifted to a mixed close Monday as Wall Street prepared for a report on inflation that could show how realistic its hopes for easier interest rates are.
  • The S&P 500 fell 5.75 points, or 0.1%, to 5,117.94, , coming off just its third losing
...

Bitcoin Surges to a Record High
Bitcoin Defies Expectations
as It Hits a Record High
the rundown

Bitcoin Defies Expectations as It Hits a Record High

Cryptocurrency reaches $69K

(Newser) - The roller coaster of bitcoin continues, this time with a high: The cryptocurrency reached a record-high price of $69,000 on Tuesday, reports the Wall Street Journal . The outlet cites Dow Jones Market Data, but the high mark differs slightly depending on the outlet. The New York Times , for example,...

Going on Trial: An Enduring Bitcoin Mystery

Craig Wright has long claimed to be creator 'Satoshi Nakamoto,' but court could settle the debate

(Newser) - One of the enduring mysteries of the cryptocurrency industry took center stage Tuesday in a London court where a trial could finally settle the debate over the identity of bitcoin's founder, the AP reports. Australian computer scientist Craig Wright entered the witness box at the High Court and testified...

SEC Reluctantly Approves New Bitcoin Funds

Agency says action 'did not approve or endorse bitcoin'

(Newser) - The Securities and Exchange Commission reluctantly approved the first exchange-traded funds that hold bitcoin Wednesday, saying that it is still deeply skeptical about cryptocurrencies and that it "did not approve or endorse bitcoin" in its decision. The SEC said it is finishing the approval of 10 exchange-traded funds for...

Bitcoin Price Spikes After SEC's X Account Hacked

Agency says post about ETF approval was 'unauthorized'

(Newser) - The Securities and Exchange Commission says a post from its X account that caused a spike in the price of bitcoin was the work of hackers. The post claimed that the SEC had granted approval for bitcoin exchange-traded funds, known ETFs, "for listing on all registered national securities exchanges,...

Roller Coaster Bitcoin Is Clocking Big Gains

Cryptocurrency is above $40K again, up 150% this year

(Newser) - Bitcoin is once again having a moment. On Monday, the world's largest cryptocurrency soared past $41,000 for the first time in over a year and a half—marking a 150% rise so far this year, per the AP . Volatile bitcoin rocketed from just over $5,000 at the...

How Billions of Stolen Bitcoin Stayed Hidden—Until a Slipup

Jimmy Zhong stayed under the radar for nearly a decade, until he made a banking error

(Newser) - The 2012 mystery of who stole a bundle of bitcoin that eventually ballooned to $3 billion in worth puzzled authorities for the better part of a decade, but in 2019, Jimmy Zhong finally made an error that led them to his doorstep. CNBC's investigative report delves into how Zhong...

Bitcoin Surges, Then Falls Thanks to a Bogus Tweet

Price surges 10% in minutes, then falls again, over misinformation involving the SEC

(Newser) - The world maybe didn't need another example of the volatility of cryptocurrency, but it got one anyway on Monday. The price of bitcoin jumped about 10% to nearly $30,000 in a matter of minutes, all thanks to a bogus news report, reports Insider . The price then quickly shed...

Bitcoin Miner Made $31M by Cutting Power Use in Texas

Energy credits paid better for Riot last month than mining

(Newser) - Riot Platforms mined about $8.9 million in bitcoin in August. But that's nothing compared with the company's haul in the same month for selling power back to the Texas grid after Riot reduced its electrical consumption by more than 95% during peak demand periods. "August was...

In Separate Hearings, Crypto 'Bonnie and Clyde' Plead Guilty

Ilya Lichtenstein, wife admit role in 2016 Bitfinex exchange hack

(Newser) - Hours before former President Trump's arraignment in Washington, DC, on Thursday, a couple dubbed cryptocurrency's "Bonnie and Clyde" appeared in back-to-back hearings in the same federal courthouse. New York tech entrepreneur Ilya Lichtenstein and his wife Heather Morgan both pleaded guilty to charges of money laundering conspiracy...

SEC Sues World's Biggest Crypto Exchange

Binance denies wrongdoing, but move rattles Bitcoin investors

(Newser) - It's another big jolt to the world of crypto: The Securities and Exchange Commission on Monday accused Binance, the world's largest cryptocurrency exchange, of engaging in a slew of shady financial practices, reports the Wall Street Journal . In all the SEC filed 13 charges against Binance and co-founder...

Feds: Twitter Hacker Left 'Impressive Trail of Destruction'

UK man pleads guilty to scheme that targeted accounts of 130-plus names, including Musk, Biden

(Newser) - A UK man arrested in Spain two summers ago and accused of hacking into the Twitter accounts of some big names—including the current owner of the platform himself—has pleaded guilty to the plot, which also involved the theft of a hefty amount of crypto. On Tuesday, the US...

Blogger: Each Mac Carries Hidden Bitcoin Manifesto

A tech blogger says Satoshi Nakamoto's original BTC white paper can be found in Macs dating from 2018

(Newser) - Tech blogger Andy Baio recently made a mysterious discovery while trying to fix his printer: Satoshi Nakamoto's 2008 Bitcoin white paper. In a blog post at Waxy.org , Baio writes that it appears as though the paper has been hidden as a PDF in "every copy of macOS...

Latest Crypto Failure Is Especially Troubling
Latest Crypto Failure
Touches 'Real' Bank System
the rundown

Latest Crypto Failure Touches 'Real' Bank System

Silvergate Bank, called a 'cornerstone' of the industry, is shutting down

(Newser) - It's a familiar story of late: Bitcoin and other cryptocurrencies were sinking in value on Thursday after a financial entity's high-profile collapse. In this case, the entity is Silvergate Bank. But this one is different from the collapse late last year of crypto exchange FTX, as Elizabeth Lopatto...

Wall Street Has the Post-Election Blues
Wall Street Has the
Post-Election Blues
MARKETS

Wall Street Has the Post-Election Blues

Dow drops 647 points, cryptocurrencies plummet

(Newser) - Wall Street closed sharply lower Wednesday, giving back a big chunk of the gains built in a three-day rally running up to Election Day. The S&P 500 fell 79.54 points, or 2.1%, to 3,748.57. The Dow Jones Industrial Average fell 646.89 points, or 2%,...

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