digital currency
Bitcoin will soon be worth zero
I wrote in my last column that bitcoin is really a bitcon. I’ve been telling you this since the price of this “investment” collapsed from around $20,000 to $4,000 last...
Cryptocurrency scammer's victim gets record $75.8 million judgment
In January 2018, tech entrepreneur Michael Terpin got scammed out of $23.8 million in cryptocurrency. On Monday, May 13, it was announced that the 62-year-old Nevada resident is getting payback:...
South Korean execs jailed for Russian shipwreck scam
Three executives from a South Korean company have been jailed for lying that they found a long-lost sunken Russian warship filled with $133 billion worth of gold. Seoul-based firm Shinil...
How Bitcoin hackers are stealing a bundle — including a 30-minute heist of $24M
At 1:30 on a Sunday afternoon in January 2018, Michael Terpin was on his laptop, prepping for a conference in Las Vegas. His iPhone buzzed with an incoming message. Google...
Mystery bitcoin buyer causes huge spike in price
Somebody, somewhere is betting big on bitcoin. The price of bitcoin surged above $5,000 for the first time this year after a mystery buyer placed a huge order — causing...
Staten Island man accused of duping investors with 'Anonymous' hacker mask
He's not anonymous anymore. A Staten Island man was accused of donning the infamous "Anonymous" hacker mask in a video he used to dupe investors into spending money on his...
Charges dismissed in Manhattan bitcoin robbery case
A judge last week dismissed and sealed the case against a group of young Manhattan men accused of trying to steal a pal’s bitcoin stash after a night of partying....
Jamie Dimon has gone from a bitcoin skeptic to a pusher
Jamie Dimon once called bitcoin a “fraud” — but now he’s leading Wall Street’s push into cryptocurrencies. Dimon-led banking behemoth JPMorgan Chase will reportedly start issuing bitcoin-like digital currencies called...
Boss dies with password to unlock $137M in cryptocurrencies
Millions of dollars in cryptocurrencies has been frozen after the founder of a cryptocurrency trading platform, the only person with the password to gain access, died suddenly.
Tech whiz-turned-criminal stole $500K in 10 days: officials
A fresh-faced tech whiz used a sophisticated “SIM swapping” scheme to steal half a million dollars in 10 days from more than 50 people across the US — without ever...
Paying taxes with Bitcoin is becoming a reality
Overstock will become the first company in the US to pay its taxes in bitcoin. The online retailer will take advantage of a program in Ohio, announced in November, to...
One of the first crypto millionaires says bitcoin is 'dead'
When it comes to bitcoin investor burnout, it takes one to know one. Erik Finman, who gained renown after becoming one of the earliest crypto millionaires, told MarketWatch in an...
Price of bitcoin falls below cost to mine
To add to the misery to bitcoin enthusiasts, the act of finding or “mining” the cryptocurrency has become unprofitable as the price continues to crater. This raises further questions about...
More proof you need to be careful of 'bitcon'
This email came from a reader. John: A few months ago I sent you a note trying to convince you on the merits of cryptocurrencies. You stood fast on your...
Floyd Mayweather, DJ Khaled settle charges with SEC over ICO promotion
Retired boxer Floyd Mayweather may be undefeated in the ring, but he just lost against the Securities and Exchange Commission. Mayweather and music producer DJ Khaled each settled charges with...
Winklevoss twins' push for SEC's bitcoin fund approval in limbo
The Winklevoss twins probably won’t be getting a bitcoin boost this year. Tyler and Cameron Winklevoss, the Harvard-educated brothers who claimed to have helped invent Facebook, have been looking to...
The Bitcoin 'pyramid scheme' continues to collapse
The ancient Egyptians made pyramids to last forever. Wall Street’s pyramid schemes aren’t nearly as durable. Bitcoin, while not officially a product of traditional Wall Street, is a pyramid scheme....
Man hacked into Silicon Valley execs' phones to steal cryptocurrency: cops
He’s the Billy the Kid of bitcoin. Twenty-one-year-old Manhattan con man Nicholas Truglia hacked into the phones of Silicon Valley bigwigs to try to steal their cryptocurrency — and in...
Why the stock market has taken a hit lately
The stock market got creamed again Monday, with the Dow Jones industrial average falling 395.78 points to 25,017.44. The decline comes after a couple of solid gains during trading last...
Bitcoin sinks to new 13-month low
Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies...