bitcoin

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He's Down to Last 2 Guesses to Access $240M in Bitcoin

'New York Times' looks at the problem of owners who have forgotten their passwords

(Newser) - It sucks when you can't remember your password to, say, your Amazon.com or Venmo account. It really sucks when the code that's right on the tip of your brain is keeping you from accessing millions of dollars' worth of bitcoin—and if you guess wrong too many...

Digging Bitcoin Fortune Out of Trash Is Worth $70M to Man

Computer engineer offers to share the spoils, but city doesn't want him tearing up the landfill

(Newser) - The 7,500 bitcoins James Howells had on an old hard drive were worth about $9 million when he realized he'd thrown the drive into the trash in the summer of 2013. That was bad enough, but the virtual currency now is worth about $273 million, CNN reports. "...

7 Years Ago, She Spent 10 Bitcoins on Sushi

By today's value, Kashmir Hill would have spent about a quarter of a million dollars on dinner

(Newser) - Bitcoin is going gangbusters this year, rising to more than $24,000 per coin, and the huge rally has Kashmir Hill reflecting on a certain sushi dinner she had seven years ago. In a New York Times op-ed, Hill recalls how she forked over 10 bitcoins in 2013 to treat...

Hacker Claims Twitter Employee Did 'All the Work for Us'

It's unclear if private messages were exposed in Wednesday's attack

(Newser) - Much remains unclear about Wednesday's hack on Twitter, the biggest-ever on the site. But Motherboard talks to two hackers who say a Twitter employee gave them access. "We used a rep that literally done (sic) all the work for us," one said. The other said the employee...

Twitter Accounts of the Rich and Famous All Hacked at the Same Time

The victims include Barack Obama, Elon Musk, and Kanye West

(Newser) - Big-name Twitter accounts belonging to Barack Obama, Joe Biden, Elon Musk, Kanye West, and many others were hacked Wednesday in an elaborate cyberscam that relieved victims of over $110,000. Looks like crypto-scammers took over the accounts for more than two hours, posting tweets that urged people to send money...

Drug Dealer Learns Big Lesson on Where Not to Hide Bitcoin Codes

$60M now can't be accessed after Clifton Collins stashed codes in fishing rod case that's vanished

(Newser) - He should've stuck to his praise-winning honey. An Irish former beekeeper-turned-drug dealer is ruing the day he came up with the bright idea to stash the codes to accounts harboring close to $60 million in bitcoin in the aluminum cap of a fishing rod case—which, per the Guardian...

Twitter CEO After Tour: I'm Moving to Africa

Jack Dorsey will spend up to half of 2020 on the continent

(Newser) - Jack Dorsey is moving to Africa. The Twitter and Square CEO announced his plan in a Wednesday tweet after wrapping up a nearly three-week tour of the continent, with stops in Ghana, Nigeria, Ethiopia, and South Africa. "Sad to be leaving the continent...for now," he wrote, adding,...

'Eye-Popping and Sickening': Massive Child Porn Site Busted

337 users arrested in 38 countries, founder is already in prison

(Newser) - A massive child porn site was shut down last year in a bust by US and Korean authorities first revealed Wednesday. Authorities say the Darknet market "Welcome to Video" contained more than 250,000 unique videos, 45% of which contained images previously unknown to authorities, and was run by...

Judge Orders Man to Hand Over Billions in Bitcoin

Craig Wright has claimed to be Satoshi Nakamoto

(Newser) - A new twist in the mystery of Craig Wright and Satoshi Nakamoto, the alias of the creator of bitcoin. There was much hullabaloo in May 2016, when Wright—whom Wired had months earlier identified as likely being Nakamoto—said he was indeed the man behind the curtain . But just days...

Trump Slams Facebook's Libra Cryptocurrency

He says he's 'not a fan' of cryptocurrencies

(Newser) - President Trump declared Thursday that he is "not a fan" of Bitcoin and other cryptocurrencies—including Facebook's upcoming Libra currency . Cryptocurrencies "are not money" and their value is "highly volatile and based on thin air," Trump tweeted . "Similarly, Facebook Libra’s 'virtual currency'...

Shocker for Cryptocurrency Clients: 'All of Your Money Is Gone'

After Quadriga CEO reportedly died, the mystery deepens

(Newser) - A CEO's untimely death, hard-to-crack passwords, and up to $190 million in missing cryptocurrency. These all underlie a mystery that Fortune calls the "implosion of Quadriga" after the December death of the QuadrigaCX coin exchange's chief, Gerald Cotten, at the age of 30, and now the FBI...

Email Bomb Threats Were a Hoax—and a 'Terrible Strategy'

Extortion warnings sent around the US, Canada demanded $20K in bitcoin

(Newser) - Chaos ensued across the US, Canada, and New Zealand Thursday after schools, businesses, government buildings, media outlets, and other venues were hit with a wave of email threats that warned of bombs going off at each target if $20,000 in bitcoin wasn't paid up, USA Today reports. Police...

'A Sinking Feeling': Men Get Letters About Their 'Secrets'

The FBI says it's a new breed of scam

(Newser) - "I know about the secret you are keeping from your wife and everyone else," the letter read. "More importantly, I have evidence of what you've been hiding." Jeff Strohl, resident of a wealthy Washington suburb, admits he wasn't too thrilled to read the July...

Bitcoin Used in 2010 to Buy 2 Pizzas Now Worth $82M

The cryptocurrency has gone up in price just a bit since then

(Newser) - Hallmark may need to update its official list of holidays . Tuesday was Bitcoin Pizza Day, or what Business Insider calls "the most celebrated day in crypto," marking the eighth anniversary of when programmer Laszlo Hanyecz made what's thought to be the very first purchase with bitcoin. That...

Cryptocurrency 'Villain' Tells His Side of the Story

Mark Karpelès opens up to 'Fortune'

(Newser) - One of the most infamous figures in Bitcoin history has endured death threats, interrogations, and a year in solitary at a Tokyo jail. Now Mark Karpelès is telling his full story for the first time. "I think this really is the worst experience for anyone to have in...

In Iceland, a Prison-Break Story With a Twist

Sindri Thor Stefansson fled prison, made it 59 miles to the airport

(Newser) - It's a prison-break story with a twist: Officials in Iceland say a man suspected of stealing $2 million worth of computer servers used to mine bitcoin broke out of the low-security prison he was being kept in and fled to Sweden on a commercial plane using someone else's...

Atlanta's Computers Held Hostage, With a $50K Ransom

'This really is an attack on our government,' Mayor Keisha Lance Bottoms says of major hack

(Newser) - Atlanta is being held hostage, by computer hackers who want more than $50,000 in bitcoin to stop their siege. "This is much bigger than a ransomware attack, this really is an attack on our government," Mayor Keisha Lance Bottoms said at a Monday presser about the e-attack,...

How a Few Files Could Endanger All of Bitcoin

Study suggests child porn-related content in blockchain could make it illegal to possess

(Newser) - For anyone who carefully tracks bitcoin, Tuesday brought the good with the bad. On a positive note, the cryptocurrency's value topped $9,000, up from a weekend low of $7,335, reports CNBC . On a more dour note comes the news that child abuse photos are lurking within its...

Trump Throws Cold Water on Venezuelan Cryptocurrency

The president has banned all Americans from using the so-called 'petro' coins

(Newser) - The Venezuelan government hopes its oil-backed cryptocurrency will help right the nation's flailing economy, but a move by President Trump may complicate the bid to outmaneuver US sanctions. Trump on Monday issued an executive order immediately banning all use by Americans of Venezuela's "petro" currency. Per the...

Bitcoin Plummets After Google Ad Ban

Google is doing away with cryptocurrency-related ads

(Newser) - Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets. The new policies, which also ban other complex financial products, were announced Wednesday and will go into effect in June. The move follows a similar step...

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