bitcoin

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GameStop Reveals a Big Buy in One-Sentence Press Release

Company purchased about $510M worth of bitcoin

(Newser) - Wednesday's big bitcoin headline belongs to GameStop, which bought about $510 million of the cryptocurrency. Per its one-sentence press release , it purchased 4,710 bitcoin; MarketWatch notes bitcoin's price is about $108,100, and was falling midday Wednesday. GameStop shares are trading down nearly 11% on the news...

2nd Crypto Investor Charged in Bizarre Kidnapping Case

Italian man says he was held for weeks by captors who wanted his Bitcoin password

(Newser) - A second cryptocurrency investor surrendered to police Tuesday in the alleged kidnapping of a man who said he was tortured for weeks inside an upscale Manhattan townhouse by captors seeking the password to access his Bitcoin account, the AP reports. William Duplessie, 32, faces charges of kidnapping, assault, unlawful imprisonment,...

Cops: Italian Visitor Kidnapped in NYC Over Bitcoin Password

Suspect is charged after victim escapes Manhattan apartment

(Newser) - Police in New York City have charged a man in a bizarre case that involves bitcoin and allegations of torture. Authorities arrested John Woeltz, described as a 37-year-old cryptocurrency investor, and accused him of holding a visitor from Italy prisoner in a Manhattan apartment for about two weeks, reports CBS...

For 2025 Bitcoin Pizza Day, a Fitting Milestone
Would You Pay $1B
for a Pizza?
May 22, 2025 1:36 PM CDT

Would You Pay $1B for a Pizza?

Happy Bitcoin Pizza Day, in honor of the man who did, sort of

(Newser) - It's May 22, otherwise known as Bitcoin Pizza Day . Meaning, it's the day to mourn the fate of software developer Laszlo Hanyecz, who famously paid 10,000 bitcoin for a pizza on this date back in 2010—the first real-world transaction involving the digital currency.
  • The 2025 anniversary
...

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...

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