cryptocurrency

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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"...

He Allegedly Hid Devices Under Floor at Work to Mine Bitcoin

Christopher Naples accused of running up more than $6K in electric bills for Suffolk County

(Newser) - A county employee in New York state is accused of stealing from the job, but with an oh-so-modern twist. Authorities in Suffolk County say IT supervisor Christopher Naples mined cryptocurrency on the job and ran up at least $6,000 in electric bills in the process, reports the New York ...

They Bought a Cruise Ship and Planned a Utopia. It Didn't Work

Inside the short life of the cruise ship Satoshi

(Newser) - To understand why three men bought themselves a cruise ship last fall, you need to know a little bit about "seasteading." It's the idea of moving to the sea, where, unbound by the land and the governments and regulations tied to it, people could experiment with new...

Happy &#39;B-Day,&#39; El Salvador
Happy 'B-Day,' El Salvador
Sep 7, 2021 8:19 AM CDT

Happy 'B-Day,' El Salvador

Starting Tuesday, bitcoin can be used as legal tender nationwide

(Newser) - Earlier this year, El Salvador became the first country to give bitcoin the green light as legal tender. And Tuesday is "B-day," the day that legislation goes into effect, with Salvadorans now able to use the cryptocurrency in any transaction. Residents in the country—which has had the...

Hacker Behind $610M Crypto Theft: I Had Good Intentions

Almost all of the stolen funds have been returned by 'Mr. White Hat'

(Newser) - It seems pleading worked. Poly Network, which urged hackers to return more than $610 million in cryptocurrency stolen from its decentralized finance platform this week in one of the largest ever cryptocurrency thefts, says almost all of the assets have been returned. In a Thursday tweet, the platform said the...

Cryptocurrency Platform to Hackers: Please Return $600M

Crypto heist at decentralized finance platform Poly Network may be largest ever

(Newser) - Hackers have stolen more than $600 million worth of cryptocurrency in what is "likely to be one of the biggest cryptocurrency thefts ever," reports CNBC . In a message to the hackers, Poly Network, a platform allowing users to transfer tokens between different blockchains, said "the amount of...

Old World Meets New in Latest DC Hangup

Infrastructure bill is stalled by disagreement over cryptocurrency

(Newser) - An old-school political issue—infrastructure—is getting bogged down by the most newfangled of topics. Cryptocurrency. It seems that the giant, bipartisan infrastructure bill is hung up because senators can't agree on how much to regulate the burgeoning field, reports the Hill . The details get convoluted, both in terms...

Cops Use Steamroller to Crush Bitcoin Mining Rigs

Authorities in Malaysia say miners stole $2M in electricity from power lines

(Newser) - A crushing defeat for Bitcoin miners in Malaysia: Authorities in the city of Miri used a steamroller to flatten 1,069 Bitcoin mining rigs in the police station's parking lot, CNBC reports. The machines, which solve complex equations to unlock blocks of the cryptocurrency, were used in illegal operations...

World Bank Rejects a Nation's Plea for Bitcoin Help

Institution says it won't help El Salvador due to 'environmental and transparency shortcomings'

(Newser) - The first country in the world to adopt bitcoin as legal tender recently made a big ask of the World Bank, requesting that the international financial institution help it implement its plans—but it's a no from the group to El Salvador. "This is not something the World...

First Country Makes Bitcoin Legal Tender

'Nobody can refuse payment,' says El Salvador President Nayib Bukele

(Newser) - El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first country to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency can be used in any transaction and any business will have...

Feds Seize Payment Made to Pipeline Hackers
Feds Seize Payment
Made to Pipeline Hackers
UPDATED
Jun 7, 2021 4:30 PM CDT

Feds Seize Payment Made to Pipeline Hackers

FBI led operation to recover Colonial Pipeline ransom payment from crypto wallet

(Newser) - The hackers who targeted the operator of a vital US pipeline system in a ransomware attack have lost most of their ill-gotten gains, the Justice Department says. Officials said Monday that a new FBI ransomware taskforce led an operation to recover ransom paid in cryptocurrency by Colonial Pipeline, the AP...

A Cryptocurrency CEO Died at 30, Then Things Got Weirder

QuadrigaCX had hundreds of millions of dollars—or did it?

(Newser) - When Gerald Cotten was in high school, the Ontario teen was known to hustle to get his work done in class so that he could spend any free time getting around the school's firewalls to play online games. If that sounds like the origin story of a future internet...

Cops Expecting Pot Farm Uncover Illegal Bitcoin Mine

Operation in UK was stealing electricity from the grid to power 100 computers

(Newser) - Police in Britain say a building they were watching had people coming and going at all hours, numerous wiring and ventilation ducts visible, and was emitting a lot of heat—all "classic cannabis factory signs." But when West Midlands police raided the factory in an industrial area last...

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