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After $243M Crypto Heist, a Crucial Mistake
After $243M Crypto Heist,
a Crucial Mistake
longform
May 3, 2025 5:00 PM CDT

After $243M Crypto Heist, a Crucial Mistake

New York Times Magazine details the incredible chain of events

(Newser) - It's a story about two incredible crimes—the $243 million theft of cryptocurrency from a single person, and the brazen kidnapping of a wealthy couple in Connecticut. And as Mitch Moxley explains in a New York Times Magazine story, the crimes last year were connected, though it took awhile...

Trump Gives Crypto Market a Boost With 'Reserve' Plan

President says he's moving ahead with creation of reserve, though details are scant

(Newser) - President Trump again jolted the world of bitcoin and cryptocurrency over the weekend with a surprise announcement that he would move ahead with plans to create a "Crypto Strategic Reserve." The news sent crypto prices soaring, though the details about the reserve remain very much in flux. Coverage:...

Man Wants to Buy Dump Where Key to $750M Is Buried

Welsh man James Howells has been trying to get hard drive back for more than a decade

(Newser) - When the price of bitcoin surged to around $1,000 in late 2013, James Howells realized that he'd accidentally thrown away an old hard drive with the key to more than 7,500 bitcoins, then worth around $7.5 million. The stash is now worth around $750 million, and...

Another Great Crash May Loom


Another
Great Crash
May Loom
analysis
Jan 12, 2025 4:00 PM CST

Another Great Crash May Loom

Annie Lowrey in the Atlantic warns of how crypto could cripple the mainstream financial markets

(Newser) - These are heady days for believers in bitcoin, with the price skyrocketing above $100,000 after Donald Trump's election victory. They're likely to become headier still in the near future, given Trump's promises to make the US the "crypto capital" of the world, writes Annie Lowrey...

Bitcoin Hits a Big Milestone as Post-Election Rally Continues
Bitcoin Hits a Big Milestone
Dec 5, 2024 1:30 AM CST

Bitcoin Hits a Big Milestone

Cryptocurrency tops $100K for first time

(Newser) - Bitcoin has topped the $100,000 mark for the first time as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on, the AP reports. The milestone comes just hours after the president-elect signaled a lighter regulatory approach to the crypto...

Crypto's 'Clyde' Gets 5 Years, Asks for Leniency for 'Bonnie'

Ilya Lichtenstein stole bitcoin worth $7.6B at current market prices

(Newser) - A computer expert who stole bitcoin worth billions of dollars at current prices—and then spent years laundering the hacked cryptocurrency with help from his wife—was sentenced Thursday to five years in prison. Ilya Lichtenstein masterminded one of the largest-ever thefts from a virtual currency exchange before he and...

Bitcoin Hits $80K as Industry Anticipates 'a Golden Era'
Bitcoin Reaches
Record $80K
Nov 10, 2024 1:50 PM CST

Bitcoin Reaches Record $80K

Industry welcomes Trump's election as kicking off 'a golden era'

(Newser) - The cryptocurrency industry, already buoyed by the election of recent convert and investor Donald Trump, had a milestone to celebrate Sunday when bitcoin climbed to the $80,000 mark for the first time. Smaller coins also posted big gains, CNBC reports. Memecoins dogecoin and Shiba Inu rose 17% and 31%,...

Trump Media, Tesla, Bitcoin Are Surging
Stock Market Surges
Amid Trump Win
Nov 6, 2024 6:05 AM CST

Stock Market Surges Amid Trump Win

His promise of low corporate tax rates boosts investor confidence

(Newser) - The dollar spiked, bitcoin hit a record high, and US stock futures soared early Wednesday at the prospect of another Donald Trump presidency and a possible red sweep of Congress. Futures on the Dow Jones Industrial Average soared 1,254 points, or about 2.9%. The last time the Dow...

Alleged Hacker Didn't Help His Case With Online Searches

'How can I know for sure if I am being investigated by the FBI' was one of Eric Council Jr.'s queries

(Newser) - In January, the price of bitcoin saw a temporary surge after a fake Securities and Exchange Commision post online. Now, an Alabama man has been arrested for his role in that post. The AP reports that Athens resident 25-year-old Eric Council Jr. was taken into custody on Thursday, for allegedly...

Guy Identified by HBO Film as Bitcoin Inventor: Nope, Not Me

Canadian Peter Todd denies being person who created the cryptocurrency

(Newser) - The creator of an HBO documentary that began streaming on Tuesday had promised to shed light on one of the biggest mysteries in cryptocurrency—the true identity of Satoshi Nakamoto, the pseudonym for the unknown inventor of bitcoin. Now that Cullen Hoback's Money Electric: The Bitcoin Mystery is officially...

Documentary Promises to Reveal Bitcoin Mystery

Soon-to-stream HBO film sets off much speculation in world of crypto

(Newser) - An HBO documentary that begins streaming on Tuesday promises to resolve one of the biggest mysteries in the world of cryptocurrency—the creator of bitcoin. Emmy-winning filmmaker Cullen Hoback tells CNN he and his team not only discovered the true identity of the person—or persons—known by the pseudonym...

Donald Trump Walks Into a Bar, Buys Round With Bitcoin

Former president makes a point about cryptocurrency in New York City

(Newser) - If Donald Trump once thought crypto was a "scam," he's all in now. On Wednesday, before his evening rally on Long Island, the former president made a pit stop in New York City at Greenwich Village's PubKey bar, which the Wall Street Journal describes as "...

Once Again, Bitcoin Fails a Test
Once Again,
Bitcoin Fails a Test
OPINION
Aug 9, 2024 9:36 AM CDT

Once Again, Bitcoin Fails a Test

WaPo columnist Megan McArdle says crypto isn't the 'digital gold' everyone believed it was

(Newser) - Cryptocurrency has long been touted by advocates as a way to keep government out of your wallet and tamp down on financial corruption, as well as hedge against inflation and global disasters. "Then came Monday," writes Megan McArdle in an op-ed for the Washington Post , referencing this week'...

Trump Now Hawking $500 Bitcoin Sneakers

Former president is calling himself the 'Crypto President'

(Newser) - Donald Trump headlined the Bitcoin Conference in Nashville, Tennessee, on Saturday, joining independent presidential candidate Robert F. Kennedy Jr., comedian Russell Brand, and US Sens. Marsha Blackburn and Bill Hagerty, among others, to dish about cryptocurrency. Trump one-upped the others in his offline enthusiasm, however: The former commander in chief...

Trump Sees a Surge in Wealth, 2024 Chances

He just gained $1.2B in Trump Media stock and a really good chance at the presidency, as crypto soars

(Newser) - In a few short days, the assassination attempt on former President Trump has boosted his wealth and his chance of securing the presidency for a second time. The Economist's prediction model now has Trump with a 75% chance of winning the November election, CBS News reports. "[T]he events...

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
May 22, 2024 5:41 AM CDT

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
May 2, 2024 2:00 AM CDT

'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
Apr 18, 2024 11:50 AM CDT

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
Mar 28, 2024 6:52 AM CDT

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...

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