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5 charged with laundering money for sextortion scheme that led to Michigan teenโs suicide
Read full article: 5 charged with laundering money for sextortion scheme that led to Michigan teenโs suicideFive people in the United States have been charged with laundering money for the Nigerian sextortion scheme that led to the suicide death of Michigan teenager Jordan DeMay.
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 โminersโ who chisel bitcoins out of complex mathematics are taking a 50% pay cut โ effectively reducing new production of the worldโs 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 claimsBritainโs high court has ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency.
New funds will make investing in bitcoin easier. Hereโs what you need to know
Read full article: New funds will make investing in bitcoin easier. Hereโs 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.
Troy bodybuilder charged in international scheme to smuggle drugs that treat effects of steroids
Read full article: Troy bodybuilder charged in international scheme to smuggle drugs that treat effects of steroidsA Troy bodybuilder has been charged in an international smuggling scheme that involved the illegal distribution of drugs used to treat the effects of steroid use, officials said.
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.
Bitcoin trial: Defendant wins dispute over $50B in Bitcoin
Read full article: Bitcoin trial: Defendant wins dispute over $50B in BitcoinCraig 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 currencyโs 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 tumblesChinaโs 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 cryptoBitcoinโs price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a โdigital currency and blockchain product lead.โ.
Canton child, 6 men part of international group using bribes, phone hacking to steal millions in Bitcoin
Read full article: Canton child, 6 men part of international group using bribes, phone hacking to steal millions in BitcoinA juvenile in Canton Township and six other men have been identified as members of โThe Community,โ an international group that hacks into peopleโs cellphones -- often bribing or tricking mobile phone companies -- to steal millions of dollars in Bitcoin and other cryptocurrency, officials said.
Chinese banks promise to step up cryptocurrency ban
Read full article: Chinese banks promise to step up cryptocurrency banChinaโs 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.
Berkley Public Safety warning residents of 2 scams involving Bitcoin machines, work-from-home job offers
Read full article: Berkley Public Safety warning residents of 2 scams involving Bitcoin machines, work-from-home job offersResidents are encouraged to contact Berkley Public Safety if they have concerns of potential fraud.
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 countryโs congress that would make the cryptocurrency legal tender in the Central American nation.
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 โ 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. โTheyโre highly volatile, see Bitcoin, and therefore not really useful as a store of value,โ 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. โPrivate stable coins are not going to be an appropriate substitute for a sound monetary system based in central bank money.โ
Cost of a single Bitcoin exceeds $50,000 for first time
Read full article: Cost of a single Bitcoin exceeds $50,000 for first timeโ 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 anyoneโs guess,โ 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. โ 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 $1.5B in Bitcoin, will accept as payment soon
Read full article: Tesla buys $1.5B 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 โ 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.
Money Monday: New phone scam warning
Read full article: Money Monday: New phone scam warningPhone scammers are targeting seniors, threatening to shut off their gas or power unless paid, often demanding payments in gift cards or Bitcoin. People are advised to use caution as these scammers are using public utility companies as their caller ID. Remember, companies do not call customers demanding payment and do not accept payments in the form of gift cards or Bitcoin. For more information from the state of Michigan, go here. Watch above for more information.
Bitcoin falls over 11%, tumbling below $10,000 after Libra hearing
Read full article: Bitcoin falls over 11%, tumbling below $10,000 after Libra hearingCopyright 2019 CNN(CNN) - Bitcoin investors are concerned that lawmakers' pressure on Facebook's Libra could ripple throughout the cryptocurrency market. The price of Bitcoin had fallen more than 11%, to around $9,590, by the end of a Senate Banking Committee hearing on Libra Tuesday morning. Now, lawmakers in the United States are calling for increased or clarified regulations for the cryptocurrency market as a whole. "That's going to help the United States compete in the blockchain sector." Bitcoin's price may continue to falter this week as Libra faces another hearing before the House Financial Services Committee on Wednesday.
Can You Survive Only on Cryptocurrency?
Read full article: Can You Survive Only on Cryptocurrency?With news that Facebook is joining the cryptocurrency game, the question is: Can you survive on it? Cryptocurrency, such as Bitcoin or Ethereum, is a digital currency that uses encryption to make transactions secure. Luke Mones, the host of Inside Edition's digital show, The Breakdown, attempted to only use cryptocurrency in New York City for 48 hours to see if it could be done. One business that did take cryptocurrency was Midoma, a salon in Midtown. Why Leaving Money to Your Pets Isn't CrazyThe Breakdown: What Happened to the Venomous Sand Spider Stolen From Philadelphia's Insectarium?
Bitcoin price soars above $6,300
Read full article: Bitcoin price soars above $6,300Bitcoin has soared to a new record high on Tuesday, pushing past $6,300. As of 10:00 a.m., ET, Bitcoin price was $6,348 - up $194 just today. Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who โmineโ them by lending computing power to verifying other usersโ transactions. But in September, New York state regulators approved their first license for a company dealing in bitcoin.