INSIDER
Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
Read full article: Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prisonA computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison.
Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rally
Read full article: Bitcoin neared $90,000 in a new record high. What to know about crypto's post-election rallyAs money continues to pour into crypto following Donald Trump’s reelection, bitcoin has climbed to yet another record high.
Trump win ignites crypto frenzy that sends bitcoin to a record high
Read full article: Trump win ignites crypto frenzy that sends bitcoin to a record highThe price of bitcoin has hit a new high as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies.
An Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjury
Read full article: An Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjuryA London judge who found that an Australian computer scientist falsely claimed to be the mysterious creator of the bitcoin cryptocurrency says he will refer the case to British prosecutors for possible perjury charges.
Bitcoin's latest 'halving' has arrived. Here's what you need to know
Read full article: Bitcoin's latest 'halving' has arrived. Here's what you need to knowThe “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again.
UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claims
Read full article: UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claimsBritain’s high court has ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency.
Deepfake AI brings ‘new wave’ of cyber attacks. This new tool is fighting back
Read full article: Deepfake AI brings ‘new wave’ of cyber attacks. This new tool is fighting backTwo graduates have teamed up to develop a system to flag deepfake technology appearing on social media platforms from Facebook to YouTube.
New funds will make investing in bitcoin easier. Here’s what you need to know
Read full article: New funds will make investing in bitcoin easier. Here’s what you need to knowNearly a dozen new bitcoin funds began trading in U.S. markets for the first time Thursday, providing increased access to the cryptocurrency for everyday investors.
Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
Read full article: Regulators approve new bitcoin funds in move that could spur more investment in the digital currencyThe Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin.
‘Pig Butchering’ uses romantic flirtation to steal money. Here’s how it works
Read full article: ‘Pig Butchering’ uses romantic flirtation to steal money. Here’s how it worksLast year, Americans lost more than $1.3 billion to romance imposters who employ a tactic federal agents call “Pig Butchering.”
US Secret Service launches Central Florida bitcoin ATM warning campaign
Read full article: US Secret Service launches Central Florida bitcoin ATM warning campaignThe U.S. Secret Service Cyber Task Force began a seven-county Central Florida campaign Thursday to post warning signs at 433 identified ATM bitcoin hubs used in schemes across the state.
Insider extra: Hear from Brevard investigator working to recover money from crypto scams
Read full article: Insider extra: Hear from Brevard investigator working to recover money from crypto scamsIt’s a mind-boggling, eye-opening story involving your friends and neighbors losing millions of dollars and an investigator who got much of it back.
Fastest-growing fraud: Bitcoin scams; 100+ victims in Brevard County
Read full article: Fastest-growing fraud: Bitcoin scams; 100+ victims in Brevard CountyIt’s a mind-boggling, eye-opening story involving your friends and neighbors losing millions of dollars and an investigator who got much of it back.
Fastest-growing fraud: Bitcoin scams; 100+ victims in Brevard County
Read full article: Fastest-growing fraud: Bitcoin scams; 100+ victims in Brevard CountyIt’s a mind-boggling, eye-opening story involving your friends and neighbors losing millions of dollars and an investigator who got much of it back.
AP sources: Biden to issue executive order on cryptocurrency
Read full article: AP sources: Biden to issue executive order on cryptocurrencyPresident Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
IMF urges El Salvador to scale back its Bitcoin push
Read full article: IMF urges El Salvador to scale back its Bitcoin pushThe International Monetary Fund says that El Salvador should dissolve the $150 million trust fund it created when it made the cryptocurrency Bitcoin legal tender and return any of those unused funds to its treasury.
Florida jury finds defendant can keep Bitcoins worth $50B
Read full article: Florida jury finds defendant can keep Bitcoins worth $50BCraig 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.
Bitcoin tops $66,000, sets record as crypto goes mainstream
Read full article: Bitcoin tops $66,000, sets record as crypto goes mainstreamBitcoin stormed above $66,000 for the first time on Wednesday, riding a wave of excitement about how the financial establishment is increasingly accepting the digital currency’s rise.
Save 97% off this bundle and learn how to register and trade your own non-fungible cryptocurrency
Read full article: Save 97% off this bundle and learn how to register and trade your own non-fungible cryptocurrencyBecome a pro in unique tokens, minting, handling crypto wallets, trading cryptocurrencies.
China says all crypto transactions illegal; Bitcoin tumbles
Read full article: China says all crypto transactions illegal; Bitcoin tumblesChina’s central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
Bitcoin jumps on speculation that Amazon considering crypto
Read full article: Bitcoin jumps on speculation that Amazon considering cryptoBitcoin’s price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead.”.
Chinese banks promise to step up cryptocurrency ban
Read full article: Chinese banks promise to step up cryptocurrency banChina’s biggest banks have promised to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.
El Salvador president wants Bitcoin as legal tender
Read full article: El Salvador president wants Bitcoin as legal tenderEl Salvador President Nayib Bukele has announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.
Why has the price of Bitcoin been falling?
Read full article: Why has the price of Bitcoin been falling?The price of the famously volatile digital currency Bitcoin fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies.
Fed's Powell: Public should understand risks of Bitcoin
Read full article: Fed's Powell: Public should understand risks of BitcoinPowell said Monday, March 22, 2021, that the U.S. public needs to understand the risks behind Bitcoin and other crypto currencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. (AP Photo/Susan Walsh, Pool, File)WASHINGTON – Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. “They’re highly volatile, see Bitcoin, and therefore not really useful as a store of value,” Powell said in remarks to a virtual summit hosted by the Bank for International Settlements. There is also the risk that a digital currency could be held by individuals electronically and could therefore bypass banks. “Private stable coins are not going to be an appropriate substitute for a sound monetary system based in central bank money.”
Cost of a single Bitcoin exceeds $50,000 for first time
Read full article: Cost of a single Bitcoin exceeds $50,000 for first time– The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyone’s guess,” Reiners said.
Bitcoin, seemingly omnipresent, crosses the $50,000 mark
Read full article: Bitcoin, seemingly omnipresent, crosses the $50,000 markThe Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker's Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. – After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a store of value, like gold, with very few places to spend it.
Tesla buys $1.5 billion in Bitcoin, will accept as payment soon
Read full article: Tesla buys $1.5 billion in Bitcoin, will accept as payment soonTesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. Electric automaker Tesla said Monday that it has invested around $1.5 billion in Bitcoin and it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15.4% to around $44,500 Monday in reaction to Tesla's announcement, according to CoinBase. Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services. It's mostly been a store of value, like gold, with some limited merchants like Overstock accepting bitcoin for payment.
Bitcoin crosses $40K mark, doubling in less than a month
Read full article: Bitcoin crosses $40K mark, doubling in less than a monthBitcoin has crossed the $40,000 mark, extending on a huge rally that started three months ago, Thursday, Jan. 7, 2021. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing's new with the digital currency in the month since it crossed $20,000 — there's been no major change in how it can be used. The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out bitcoin futures. The currency's value plunged sharply in 2018, and by December of that year Bitcoin was worth less than $4,000 a coin.
Orlando man arrested in connection with massive Twitter hack allowed bond
Read full article: Orlando man arrested in connection with massive Twitter hack allowed bondORLANDO, Fla. – In a hearing Monday, a judge granted bond for an accomplice of one of the nation’s most high-profile security breaches. A California federal judge ordered 22-year-old Nima Fazeli to be held on a $50,000 bond. Investigators arrested Fazeli, of Orlando, in July after Twitter accounts of prominent politicians, celebrities and technology moguls were hacked. Court papers in the California cases say Fazeli and Sheppard brokered the sale of Twitter accounts stolen by a hacker. [RELATED: 3 charged in massive Twitter hack, Bitcoin scam]Internal Revenue Service investigators in Washington, D.C., identified two of the defendants by analyzing Bitcoin transactions on the blockchain — the universal ledger that records Bitcoin transactions — that they had sought to make anonymous, federal prosecutors said.