cryptocurrency

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Biden Cryptocurrency Order Seen as 'Watershed Moment'

It's 'as close to an embrace of crypto as you could have hoped for,' analyst says

(Newser) - The price of bitcoin surged Wednesday as President Biden signed an executive order on cryptocurrencies that the White House described as the first "whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets." In a statement , the White House, noting that an estimated 40...

Out of Crypto, a 'Particularly Dangerous' Addiction

Investors are increasingly seeking out therapists, who say crypto addicts are akin to gambling addicts

(Newser) - If you follow the roller-coaster ride that is Bitcoin, Ethereum, and other forms of cryptocurrency, you're familiar with the feelings that go along with that habit, especially if you're an investor. And they're not always pleasant feelings, according to mental health experts who say they're seeing...

Feds Seize Mind-Boggling Sum After Crypto Hack

It's the largest seizure of funds in DOJ history

(Newser) - In 2016 around $71 million in bitcoin was stolen when the Bitfinex cryptocurrency exchange was hacked—and its value today is now around $4.5 billion. Federal investigators say they have now recovered $3.6 billion of that current value, the largest seizure of funds in Justice Department history, and...

Matt Damon Takes His Lumps on South Park


Matt Damon
Takes His
Lumps on
South Park
in case you missed it
Feb 6, 2022 6:31 AM CST

Matt Damon Takes His Lumps on South Park

Show skewers him for his advocacy of cryptocurrency

(Newser) - The first episode of the 25th season of South Park is not kind to Matt Damon. As the The Hollywood Reporter notes, Cartman and the gang make the actor the butt of a running joke over his advocacy of cryptocurrency. The hook is this commercial that Damon made for Crypto....

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"...

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