cryptocurrency

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Crypto Exchange Valued at $87B in Stock Market Debut

Bank stocks were mixed despite strong earnings reports

(Newser) - Most US stocks rose Wednesday following an encouraging start to what’s expected to be a thunderous earnings reporting season, but major indexes still ended mixed as drops in several tech heavyweights including Apple and Facebook weighed them down. The S&P 500 fell 0.4%, to 4,124.66...

He Used Bitcoin to Try to Buy Killer Chemical: 'I Plan to Use It Soon'

Jason Siesser of Missouri apparently had had a difficult breakup that may have spurred purchase

(Newser) - A Missouri man was sentenced Tuesday to 12 years behind bars after prosecutors say he tried to buy off the dark web a dangerous chemical weapon that could kill hundreds, using cryptocurrency for his purchase. Per court documents cited in a Justice Department release , Jason William Siesser, now 46, pleaded...

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...

Someone Bought a $500K House They Can Only Pretend to Live In

Latest non-fungible token, or NFT, is a home on Mars to be viewed via images or augmented reality

(Newser) - Non-fungible tokens have become all the rage in recent days, with one artist selling his NFT earlier this month for a record $69.3 million . Now, the new cryptocurrency—a unique digital file linked to a blockchain, which often includes such content as artwork, videos, and even social media posts—...

Ocean Spray Guy Is Selling Viral Video as an NFT
Ocean Spray Guy Is
Selling Viral Video as an NFT
THE RUNDOWN
Mar 17, 2021 7:35 PM CDT

Ocean Spray Guy Is Selling Viral Video as an NFT

But Elon Musk has decided against selling a tweet

(Newser) - More than 80 million people have watched a TikTok video in which Idaho man Nathan Apodaca swigs from a bottle of Ocean Spray while skateboarding to Fleetwood Mac's "Dreams." The viewers didn't pay a penny, but they will now have a chance to buy the original...

Feds Say Massive North Korea Hack Was Revenge for Movie

Country's agents are 'world's leading bank robbers,' prosecutors say

(Newser) - North Korean operatives are the "world's leading bank robbers," federal prosecutors said Wednesday, announcing charges against three computer programmers in the regime's "General Reconnaissance Bureau." Jon Chang Hyok, Kim Il, and Park Jin Hyok are accused of taking part in cyberattacks that stole and...

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...

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...

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