cryptocurrency

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Guy Who Says He Invented Bitcoin Sued for Billions

Craig Wright accused of stealing up to $10B from deceased partner's estate

(Newser) - Whether or not Craig Wright invented bitcoin , his early involvement in the cryptocurrency is clear. According to the family of Wright's former business partner, Dave Kleiman, the pair founded a bitcoin mining and research firm that controlled between 550,000 and 1.1 million bitcoins by the time of...

Venezuela Says It Has Found 'Kryptonite' Against US

Country introduces own version of bitcoin

(Newser) - Cash-strapped Venezuela on Tuesday became the first country to launch its own version of bitcoin, a move President Nicolas Maduro celebrated as putting his country on the world's technological forefront. In its first hours on the market, the so-called petro racked in $735 million worth in purchases, Maduro said,...

Top Banker Calls Bitcoin a 'Ponzi Scheme'

Cryptocurrency sinks below $6K mark

(Newser) - Bitcoin has been taking a beating in recent days along with more traditional investments. The cryptocurrency, which has been sliding downhill since peaking above $19,000 in December, dipped below $6,000 early Tuesday for the first time since October, though it later recovered to around $6,500, Bloomberg reports....

Bitcoin Price Tumbles as S. Korea Discusses Ban

Other digital currencies also dropped

(Newser) - Prices of bitcoin and other digital currencies skidded Tuesday after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still possible, the AP reports. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "...

Warren Buffett Thinks Bitcoin Will End Badly

Cryptocurrency falls on talk of South Korea ban

(Newser) - Warren Buffett's advice on bitcoin and other cryptocurrencies can be summed up in two words: Stay away. In an interview with CNBC on Wednesday, the billionaire Berkshire Hathaway investor said that "in terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a...

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