bitcoin

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Man Blames Apple for $600K Bitcoin Theft

Scam cryptocurrency app was downloaded from the 'trusted' App Store

(Newser) - Apple says its App Store is "the world's most trusted marketplace for apps," where each submission is carefully reviewed. Still, one app on iOS was able to steal $1.6 million in bitcoin from at least five people, reports the Washington Post . On Feb. 1, Phillipe Christodoulou...

First Prize Is a Partial Bitcoin. Third Prize: a Burrito

Chipotle online contest will dole out $100K worth of the cryptocurrency on Thursday

(Newser) - The connection may not be apparent—its stores don't accept bitcoin payments—but Chipotle is marking National Burrito Day with a bitcoin giveaway. The Mexican food chain is putting up $100,000 in the cryptocurrency, as well as $100,000 in burritos, CNN reports. Contestants who go to BurritosOrBitcoin....

Monday Wasn't a Great Day for Elon Musk

Tesla CEO loses $15B as company shares, and Bitcoin, slide

(Newser) - Holding on to the title of world's richest person is tricky business. Elon Musk, who took the crown earlier this year, has given it back to Jeff Bezos, reports Bloomberg . Musk lost $15 billion on Monday alone as Tesla's stock slid nearly 9%. That knocked Musk's net...

Bitcoin Price Tops $50K for the First Time

More companies are getting behind digital currency

(Newser) - The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. The price of Bitcoin has risen almost 200% in the past three months, and its volatility was on display Tuesday. After rising above...

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...

Digging Bitcoin Fortune Out of Trash Is Worth $70M to Man

Computer engineer offers to share the spoils, but city doesn't want him tearing up the landfill

(Newser) - The 7,500 bitcoins James Howells had on an old hard drive were worth about $9 million when he realized he'd thrown the drive into the trash in the summer of 2013. That was bad enough, but the virtual currency now is worth about $273 million, CNN reports. "...

7 Years Ago, She Spent 10 Bitcoins on Sushi
7 Years Ago, She Spent
10 Bitcoins on Sushi
OPINION
Dec 26, 2020 6:23 AM CST

7 Years Ago, She Spent 10 Bitcoins on Sushi

By today's value, Kashmir Hill would have spent about a quarter of a million dollars on dinner

(Newser) - Bitcoin is going gangbusters this year, rising to more than $24,000 per coin, and the huge rally has Kashmir Hill reflecting on a certain sushi dinner she had seven years ago. In a New York Times op-ed, Hill recalls how she forked over 10 bitcoins in 2013 to treat...

Hacker Claims Twitter Employee Did 'All the Work for Us'

It's unclear if private messages were exposed in Wednesday's attack

(Newser) - Much remains unclear about Wednesday's hack on Twitter, the biggest-ever on the site. But Motherboard talks to two hackers who say a Twitter employee gave them access. "We used a rep that literally done (sic) all the work for us," one said. The other said the employee...

Twitter Accounts of the Rich and Famous All Hacked at the Same Time

The victims include Barack Obama, Elon Musk, and Kanye West

(Newser) - Big-name Twitter accounts belonging to Barack Obama, Joe Biden, Elon Musk, Kanye West, and many others were hacked Wednesday in an elaborate cyberscam that relieved victims of over $110,000. Looks like crypto-scammers took over the accounts for more than two hours, posting tweets that urged people to send money...

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...

Twitter CEO After Tour: I'm Moving to Africa

Jack Dorsey will spend up to half of 2020 on the continent

(Newser) - Jack Dorsey is moving to Africa. The Twitter and Square CEO announced his plan in a Wednesday tweet after wrapping up a nearly three-week tour of the continent, with stops in Ghana, Nigeria, Ethiopia, and South Africa. "Sad to be leaving the continent...for now," he wrote, adding,...

'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...

Judge Orders Man to Hand Over Billions in Bitcoin
Judge Orders Man to
Hand Over Billions in Bitcoin
the rundown
Aug 28, 2019 9:58 AM CDT

Judge Orders Man to Hand Over Billions in Bitcoin

Craig Wright has claimed to be Satoshi Nakamoto

(Newser) - A new twist in the mystery of Craig Wright and Satoshi Nakamoto, the alias of the creator of bitcoin. There was much hullabaloo in May 2016, when Wright—whom Wired had months earlier identified as likely being Nakamoto—said he was indeed the man behind the curtain . But just days...

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'...

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...

Email Bomb Threats Were a Hoax—and a 'Terrible Strategy'

Extortion warnings sent around the US, Canada demanded $20K in bitcoin

(Newser) - Chaos ensued across the US, Canada, and New Zealand Thursday after schools, businesses, government buildings, media outlets, and other venues were hit with a wave of email threats that warned of bombs going off at each target if $20,000 in bitcoin wasn't paid up, USA Today reports. Police...

'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...

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