cryptocurrency

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McDonald's Accidentally Creates a Crypto Coin

Mention of 'grimacecoin' does the trick

(Newser) - Life in the world of cryptocurrency: A tweet about one joke coin that evolved into a real one has inadvertently created a second joke coin that has done the same thing. It's all thanks to McDonald's and Elon Musk. On Tuesday, Musk issued a request to McDonald's...

Melania Trump's Hat 'Collateral Damage' of Crypto Crash

Former first lady didn't scoop up as many tokens as hoped in auction of hat worn to greet Macron

(Newser) - The crisp white Herve Pierre hat that Melania Trump wore to greet French President Emmanuel Macron and his wife at the White House in April 2018 went up on the auction block this month—along with a watercolor and NFT showing her wearing it—in the hopes that the entire...

Elon Musk Has an Offer for McDonald's

It involves dogecoin and a Happy Meal

(Newser) - Elon Musk is again touting dogecoin , this time calling on McDonald's to accept the cryptocurrency for payment. "I will eat a happy meal on tv if @McDonalds accepts Dogecoin," the billionaire Tesla and SpaceX founder tweeted Tuesday, per the Wall Street Journal . Hours earlier, McDonald's had...

Wife of Cryptocurrency CEO Maintains She Watched Him Die

Jennifer Robertson talks about Gerald Cotten and his investors' missing money

(Newser) - Gerald Cotten's death spurred plenty of grief, and not just for his friends and family—one of whom is "finally sharing her side of the story." The CEO of what was then Canada's biggest cryptocurrency exchange died in India from complications of Crohn's disease in...

Walmart Is Getting Into an Unlikely New Sector

Retail giant files trademarks suggesting entry into the metaverse, with NFTs and cryptocurrency

(Newser) - Facebook isn't the only corporate behemoth wading into the metaverse . Now, Walmart appears to be dipping its toes in, filing multiple new trademarks at the end of last year that hint at plans to offer NFTs, a cryptocurrency, and virtual goods to consumers, reports CNBC . Although it's not...

NFT Sale Goes Awry: 'Just Like That, $250K Was Gone'

'Fat-finger' error led seller of Bored Ape item to mistakenly dump it for $3K

(Newser) - The Verge blames it on a misplaced decimal point. CNBC similarly lays the blame on a "fat-finger" error. However the asking price for a recently sold NFT came to be, it wasn't the seller's intention, and now he's out hundreds of thousands of dollars because of...

Lawmaker's Joke About Mongoose Crypto Coin Ends How You Think

The fictional coin now exists for real

(Newser) - At a congressional hearing on cryptocurrency this week, one skeptical lawmaker made a joke about a fictional mongoose coin. The result? It's no longer fictional. As Mashable reports, the weirdness began Wednesday during a hearing of the House Financial Services Committee. Democratic Rep. Brad Sherman, aiming to make a...

'Tremendous Victory' for Man Who Says He Invented Bitcoin

Business partner's family said Craig Wright owed them half of $50B fortune

(Newser) - Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury found that Wright did not...

It Was the 'Largest Crowdfunding Initiative' Ever. And It Failed

DAO with $46M in donations fails to purchase copy of US Constitution at auction

(Newser) - A group of cryptocurrency investors has failed to win a rare copy of the US Constitution despite pooling $46 million toward that goal in what Artnet News calls "the largest crowdfunding initiative of all time." An anonymous private collector purchased the first-edition copy of the Constitution, one of...

Police: Teenage Thief Got $36M in Cryptocurrency

Canadian scammer intercepted authentication request, investigators say

(Newser) - A cross-border investigation has led to the arrest of a teenager in Canada suspected of a cryptocurrency theft of more than $36 million US from a single person. Officials called it the largest cryptocurrency scam involving one person in Canadian history, CTV News reports. Police did not release the age...

2 Politicians Ask to Get Their Paychecks in Bitcoin

At least a payment or three, for Eric Adams and Francis Suarez

(Newser) - Update: The mayor-elect for New York City wants to be paid in Bitcoin. Democrat Eric Adams has requested his first three checks be paid in the world's largest cryptocurrency once he takes over the mayoral post in January, the BBC reports. Adams' request was a move to outdo that...

Frenzied Interpretations After Musk Shares Ancient Poem

There was no real context to the quoting of the Quatrain of Seven Steps

(Newser) - Talking heads are trying to figure out what the world's richest man meant in tweeting lines from an ancient Chinese poem on Tuesday. Elon Musk caused a stir—on Twitter, where the Tesla and SpaceX CEO counts 62 million followers, and on Chinese social media site Weibo, where he...

Squid Game-Inspired Scammers Make Off With $3M

Cryptocurrency SQUID, which generated a lot of headlines, could be bought but not sold

(Newser) - A cryptocurrency seemingly linked to Netflix blockbuster Squid Game turned out to be a scam that netted its creators more than $3 million. SQUID, touted as a "play-to-earn cryptocurrency," had surged in price in recent days, hitting a peak of $2,861 early Monday after outlets including the...

Aaron Rodgers Giving Away $1M in Bitcoin

The Green Bay Packers quarterback announces partnership with CashApp

(Newser) - Green Bay Packers quarterback Aaron Rodgers is investing in cryptocurrency in a big way. "I’m pumped to share that I’ve recently teamed with CashApp," he said in a video shared on Twitter on Monday, per Yahoo Sports . "They’ve enabled me to take part of...

ETF Launch Helps Push Bitcoin to a New High

Cryptocurrency tops $66K

(Newser) - Bitcoin jumped to a record Wednesday, topping $66,000 for the first time, as it rides a wave of excitement about getting further accepted by the financial establishment. Bitcoin was trading at $66,901.30, up 7.6%, as of 10:52am ET. It's roared back after sinking below...

Hoax Walmart Press Release Lifts Cryptocurrency 25%

Litecoin scam may be 'PR hoax of the decade'

(Newser) - Litecoin, a longstanding but relatively little-used cryptocurrency, surged in value Monday on reports that it had entered a partnership with Walmart—then dived back down again after the reports turned out to be a well-orchestrated hoax. Experts believe the 25% surge was the result of a "pump and dump"...

He Allegedly Hid Devices Under Floor at Work to Mine Bitcoin

Christopher Naples accused of running up more than $6K in electric bills for Suffolk County

(Newser) - A county employee in New York state is accused of stealing from the job, but with an oh-so-modern twist. Authorities in Suffolk County say IT supervisor Christopher Naples mined cryptocurrency on the job and ran up at least $6,000 in electric bills in the process, reports the New York ...

They Bought a Cruise Ship and Planned a Utopia. It Didn't Work

Inside the short life of the cruise ship Satoshi

(Newser) - To understand why three men bought themselves a cruise ship last fall, you need to know a little bit about "seasteading." It's the idea of moving to the sea, where, unbound by the land and the governments and regulations tied to it, people could experiment with new...

Happy &#39;B-Day,&#39; El Salvador
Happy 'B-Day,' El Salvador
Sep 7, 2021 8:19 AM CDT

Happy 'B-Day,' El Salvador

Starting Tuesday, bitcoin can be used as legal tender nationwide

(Newser) - Earlier this year, El Salvador became the first country to give bitcoin the green light as legal tender. And Tuesday is "B-day," the day that legislation goes into effect, with Salvadorans now able to use the cryptocurrency in any transaction. Residents in the country—which has had the...

Hacker Behind $610M Crypto Theft: I Had Good Intentions

Almost all of the stolen funds have been returned by 'Mr. White Hat'

(Newser) - It seems pleading worked. Poly Network, which urged hackers to return more than $610 million in cryptocurrency stolen from its decentralized finance platform this week in one of the largest ever cryptocurrency thefts, says almost all of the assets have been returned. In a Thursday tweet, the platform said the...

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