cryptocurrency

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'Predatory Sparrow' Pulls Off $90M Iranian Crypto Heist

Israel-tied group claims responsibility for hack

(Newser) - An Iranian cryptocurrency exchange has been relieved of tens of millions of dollars from its coffers, and a group linked to Israel is now claiming responsibility for the hack. On Wednesday, Gonjeshke Darande (which translates to "Predatory Sparrow") said it had breached the Nobitex exchange, with the Elliptic...

Most of Trump's Net Worth Isn't in Real Estate Any More
It's a Surprise Shift
in Trump's Net Worth
in case you missed it
Jun 15, 2025 11:05 AM CDT

It's a Surprise Shift in Trump's Net Worth

Forbes reports he now has more in cryptocurrency than real estate

(Newser) - The latest assessment of President Trump's net worth by Forbes pegs it at $5.5 billion, and the figure comes with a surprise: For the first time, most of Trump's worth does not stem from his real estate empire. Instead, it's in cryptocurrency. Key details:
  • The magazine
...

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...

Trump's Controversial Crypto Dinner Is Here

President will dine with top holders of his memecoin, despite protests from critics

(Newser) - President Trump will be dining at his DC golf club on Thursday, and he won't be alone. With him will be the 220 top holders of his memecoin $TRUMP , reports Reuters .
  • One of those guests will be Justin Sun, a crypto entrepreneur who is the top $TRUMP investor of
...

Coinbase Says Criminals Are Demanding $20M Ransom

Crypto exchange is offering $20M bounty for information leading to their arrest

(Newser) - Coinbase, the largest cryptocurrency exchange based in the US, said Thursday that criminals had improperly obtained personal data on the exchange's customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info. Coinbase CEO Brian Armstrong said in a post on...

Witnesses Stop Kidnapping of Crypto Boss' Family

Masked men flee after struggle with couple on busy Paris street

(Newser) - A kidnapping attempt targeting the daughter and young grandson of a cryptocurrency executive was foiled Tuesday morning in Paris' 11th district. According to police sources and local media, three masked men jumped from a white van around 8:20am and tried to seize the pair, who are reportedly related...

Crypto Boss 'Made Millions While Customers Lost Billions'

Celsius Network founder Alexander Mashinsky gets 12 years on fraud charges

(Newser) - Celsius Network founder Alexander Mashinsky was sentenced Thursday to 12 years in prison for defrauding customers out of millions of dollars in a crypto lending scheme that collapsed in 2022 . US District Judge John G. Koeltl described the crimes as "extremely serious," noting that Mashinsky, 59, personally...

Crypto Entrepreneur's Father Freed After Kidnapping: France

Hostage unit carried out successful raid, officials say

(Newser) - French officials said police rescued the father of a wealthy cryptocurrency entrepreneur in a nighttime raid after he was taken hostage for ransom, the latest alleged criminal effort in France to extort people involved in the management of digital assets. The man was kidnapped Thursday morning in Paris, the prosecutor'...

Scammers Cost Seniors Nearly $5B Last Year

Americans lost $16.6B to online scams overall, per FBI report

(Newser) - Americans lost a record $16.6 billion to online scams last year, according to new data highlighting a surge in cybercrime targeting older adults and cryptocurrency investors. This is up from $12.5 billion in 2023, according to new findings on cybercriminals via the FBI's annual Internet Crime...

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:...

SEC Drops Case Against Largest US Crypto Exchange
SEC Drops Case
Against Crypto Giant
Feb 21, 2025 11:36 AM CST

SEC Drops Case Against Crypto Giant

Coinbase exchange says now is the 'time to build'

(Newser) - Coinbase says the Securities and Exchange Commission has dismissed its case against the cryptocurrency platform , per the AP . The move, not yet confirmed by the SEC, signals a further shift away from what the Wall Street Journal calls "years of hard-line enforcement against the crypto market." The Trump...

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...

Investors Lost More Than $2B on Trump Coin

But some early buyers made a fortune

(Newser) - The cryptocurrency token President Trump launched days before his inauguration made a lot of money for a few dozen early investors, but hundreds of thousands of others lost money on the $Trump memecoin. The New York Times reports that according to crypto forensics firm Chainalysis, some 810,000 buyers lost...

A Specific Worry Grows Over Trump's Crypto Coin

Critics say foreign buyers looking to 'curry favor' with the president can easily do so

(Newser) - Just before he became president again, Donald Trump launched a cryptocurrency coin called $TRUMP, one that has made him billions on paper. The launch of what's known as a memecoin has critics pointing to potential ethical issues, and one in particular appears to be gaining traction—the role of...

Trump Launches Meme Coin, Makes a Fortune on Paper
Trump Launches Meme Coin,
Makes a Fortune on Paper
the rundown
Jan 19, 2025 8:01 AM CST

Trump Launches Meme Coin, Makes a Fortune on Paper

President-elect now selling $Trump, and critics question the ethics just ahead of inauguration

(Newser) - Donald Trump surprised the world of crypto this weekend by launching his own cryptocurrency token, a development that has made him richer on paper by tens of billions of dollars while raising ethical questions just ahead of his inauguration, reports Politico .
  • The launch: The president-elect launched $Trump on Truth Social
...

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...

'Cryptocurrency King' Extradited to US

Do Kwon faces fraud charges over collapse of Luna, TerraUSD

(Newser) - Montenegro extradited a South Korean mogul known as "the cryptocurrency king" to the United States on Tuesday. The move followed a decision of its justice ministry earlier this month to accept a US request, while refusing a South Korean handover plea, the Balkan country's authorities said. Police said...

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...

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