bitcoin

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Flood of Tips Comes In as FBI Expands Nancy Guthrie Search

Investigators scour Tucson roads, review surveillance footage

(Newser) - Investigators searching for Nancy Guthrie, the 84-year-old mother of Today co-host Savannah Guthrie who is believed to have been abducted nearly two weeks ago, have shifted some of their effort to the roads that may have carried her away, CBS News reports. The FBI on Wednesday described an "extensive...

In South Korea, a 'Catastrophic' Accidental Bitcoin Giveaway

Regulators investigate Bithumb exchange after it accidentally gave out $40B

(Newser) - South Korea's second-largest crypto exchange just turned a $425 promotion into a $40 billion problem. Bithumb, a major player in one of the world's busiest retail crypto markets, says a staff snafu during a small marketing giveaway led to 620,000 bitcoins being credited to users instead of...

Company That Champions Bitcoin Reports $12B Loss

Analysts say another 'crypto winter' is here

(Newser) - Bitcoin's biggest corporate cheerleader logged one of the largest losses in its history on crypto's roughest day in years. Bitcoin slid 13% Thursday to about $63,600 by 4pm Eastern, its steepest 24-hour drop since mid-2022, the Wall Street Journal reports. Minutes later, MicroStrategy—now rebranded as "...

Bitcoin's 'Digital Gold' Reputation Takes a Beating

Price slides below $70K as optimism in crypto markets evaporates

(Newser) - Bitcoin's latest slide is pushing more investors to question whether it still deserves its "digital gold" reputation. The cryptocurrency dropped below $70,000 on Thursday, touching $69,055—its first dip under that level since November 2024 and extending a three-month downturn that has left it more than...

For Bitcoin, 'We Don't Think the Pain Is Over'

Investors brace for another 'crypto winter'

(Newser) - Bitcoin prices seemed to stabilize on Tuesday—the cryptocurrency was up more than 4% and back above $90,000—after yet another sharp dive on Monday. But a story at the Wall Street Journal suggests that investors better bundle up for the possibility of a "crypto winter"—a...

Bitcoin Keeps Sliding, May Get 'Really, Really Ugly'

Price nearly fell below $80K on Friday, a crucial support mark

(Newser) - Bitcoin has been in freefall this week, and the worst may not be over. The world's largest cryptocurrency dipped below $86,000 for the first time in seven months on Friday, dragging the broader crypto market down with it, reports Reuters . At one point, the price hovered just above...

Bitcoin Notches Record as 'Crypto Week' Starts

Cryptocurrency hits $123K

(Newser) - Bitcoin's big run continues: The cryptocurrency rose above $120,000 for the first time, climbing to more than $123,000 on Monday morning before falling back, reports Reuters . The rise comes with US lawmakers on the brink of pro-crypto legislation long awaited by the industry, per the AP...

Bitcoin Sets New Record as House Plans 'Crypto Week'

Cryptocurrency is now believed to be more valuable than all the silver ever mined

(Newser) - Bitcoin broke new ground Thursday, setting a new record for the first time since it briefly flirted with $113,000 in late May. The cryptocurrency surged to more than $116,000 Thursday and continued to rise early Friday, nearly hitting $119,000 at one point. Investor optimism about the...

Why Publicly Traded Companies Are Buying So Much Bitcoin

Creating a 'bitcoin treasury' is the new hot business strategy

(Newser) - It's one of crypto's hottest trends: publicly traded companies buying bitcoin and then buying even more. President Trump's Truth Social media company plans to raise $2.5 billion to buy bitcoin, joining a growing number of so-called "bitcoin treasury companies" as the world's most popular...

In Africa's Largest Slum, You Can Pay in Bitcoin

Cryptocurrency brings risks and rewards to Kenya

(Newser) - Dotting the roadside in what is widely considered Africa's largest urban slum are typical stands selling vegetables. Around 200 people use bitcoin in Soweto West, a neighborhood of the Kibera slum in Kenya's capital. It's part of an initiative to extend financial services to one of the...

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...

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