cryptocurrency

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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%,...

Detroit Says It Will Be Largest US City to Accept Crypto

City says residents will be able to pay taxes in cryptocurrency starting next year

(Newser) - After the massive surge in bitcoin and other cryptocurrencies that followed Donald Trump's election win, more good news for those with a crypto wallet: Detroit says residents will have the option to pay taxes and other city fees in cryptocurrency starting next year, CBS News reports. In a news...

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...

Trump Crypto Launch Flops Amid Outage, Doubts

So far, World Liberty Financial has raised around $12M of an expected $300M

(Newser) - The cryptocurrency project Donald Trump announced last month officially launched on Tuesday, but sales of the WLFI tokens fell a long way short of expectations. CNBC reports that World Liberty Financial expected to raise around $300 million in the initial sale. But by Wednesday afternoon, only around 821 million of...

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...

SBF's Ex Could Get Years Behind Bars at Sentencing
Judge: SBF's Ex Can't
Avoid Prison Time
UPDATED
Sep 24, 2024 3:33 PM CDT

Judge: SBF's Ex Can't Avoid Prison Time

Caroline Ellison sentenced to 2 years

(Newser) - Caroline Ellison was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by the FTX fraud. US District Judge Lewis A. Kaplan said Ellison's cooperation in the case was "very, very substantial" and praised her testimony. But he said a prison sentence...

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 "...

Trump Used to Call Crypto a 'Scam.' Now, 'I Have to Do It'
Trump Unveils His
Latest Venture: Crypto
THE RUNDOWN
Sep 18, 2024 8:00 AM CDT

Trump Unveils His Latest Venture: Crypto

Former president introduces World Liberty Financial, his new cryptocurrency venture

(Newser) - "Crypto is one of those things we have to do," Donald Trump said in an X livestream on Monday, flanked by sons Donald Trump Jr. and Eric Trump. "Whether we like it or not, I have to do it." The GOP presidential nominee has now officially...

Trump Family Launching a New Business Next Week

Former president will speak on sons' cryptocurrency project on Monday

(Newser) - Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by his sons Donald Jr. and Eric. "We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said...

Looming Large in 2024 Races: Piles of Crypto Cash

Public Citizen reports on the 'unprecedented' surge

(Newser) - A report by the public advocacy group Public Citizen reveals a remarkable stat about political fundraising in 2024: Nearly half of all the money donated by corporations has come from cryptocurrency companies. That $119 million, mostly from the companies Coinbase and Ripple, has a unique quality: It is funneled to...

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 Makes Pitch to Crypto Industry

Harris holds first fundraiser since taking control of Democratic nomination

(Newser) - As president, Donald Trump was critical of the cryptocurrency industry. But the Biden administration's efforts to protect Americans from crypto scams and keep digital currency from financing crime have not gone down well with backers of the currency, including Silicon Valley political donors. Fearing new regulations, environmental protections, and...

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...

Reward for Info on Missing 'Cryptoqueen' Goes Way Up

Ruja Ignatova is accused of scamming OneCoin investors out of more than $4.5B

(Newser) - A reward for information on one of the few women ever featured on the FBI's Ten Most Wanted list has climbed 20-fold, despite claims that the missing "Cryptoqueen" was murdered. Ruja Ignatov, a Bulgarian-born German citizen accused of running a $4.5 billion cryptocurrency scam, has been missing...

Former FTX Exec Sentenced for 'Astonishing' Crimes

Ryan Salame handled illegal campaign contributions for Sam Bankman-Fried

(Newser) - One of Sam Bankman-Fried's top deputies at collapsed cryptocurrency exchange FTX was sentenced Tuesday—and US District Court Judge Lewis Kaplan gave Ryan Salame a stiffer sentence than prosecutors had asked for. Calling the 30-year-old's crimes "astonishing," Kaplan sentenced him to 7.5 years in federal...

Brothers Who Went to MIT Stole $25M in Crypto in 12 Seconds: DOJ

Anton and James Peraire-Bueno hit with charges related to wire fraud, money laundering

(Newser) - Anton and James Peraire-Bueno went from graduating from MIT to facing more than 20 years behind bars. The brothers, one of whom lives in New York and the other in Boston, were arrested Tuesday on federal charges alleging they stole $25 million in cryptocurrency in just 12 seconds in a...

Biden: Crypto Firm Can't Own Land Near Wyoming Base

Chinese-backed firm ordered to sell site, remove all equipment

(Newser) - President Biden issued an order Monday blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a "national security risk." The order forces the divestment of property operated as a crypto mining facility near the Francis E....

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