cryptocurrency

A victim of a crypto ‘pig butchering’ scam just got his $140,000 back

6:59pm October 04, 2024

NPR investigated a crypto scam company known as SpireBit, which stole hundreds of thousands of dollars from Russian-speaking seniors. Now, some of the victims are getting their money back after a lawsuit by Massachusetts authorities.

Naum Lantsman in his Los Angeles home. He fell victim to a cryptocurrency scam and ended up losing his entire life savings.

Economy

He lost $340,000 to a crypto scam. Such cases are on the rise

6:01am June 25, 2023

by Bobby Allyn

He thought he was investing in cryptocurrency. In fact, he was being swindled out of his life savings. There has been a 900% increase in such cases since the pandemic began, federal regulators say.

Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators

2:53pm January 04, 2023

by Giulia Heyward

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a ruling party congress in Pyongyang on Jan. 12, 2021. North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, South Korea's spy agency said Thursday.

World News

North Korea has hacked $1.2 billion in crypto and other assets for its economy

11:25am December 22, 2022

by The Associated Press

North Korean hackers have stolen an estimated $1.2 billion in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea's spy agency says.

U.S. Rep. Madison Cawthorn, R-N.C., speaks to supporters and the media in May at his primary election night watch party in Hendersonville, N.C..

Politics & Government

Rep. Madison Cawthorn broke rules over a 'meme' crypto, a House panel finds

9:53am December 07, 2022

by The Associated Press

The investigation examined the one-term North Carolina Republican's promotion and purchase of LGB Coin, named for the chant "Let's Go Brandon" mocking Democratic President Joe Biden.

At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Economy

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

10:31am July 26, 2022

by David Gura

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

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A visual representation of the digital Cryptocurrency, Bitcoin. A new report says the technology's security is vulnerable.

Cryptocurrency tech is vulnerable to tampering, a DARPA analysis finds

5:01am June 21, 2022

by Martin Kaste

A new analysis commissioned by DARPA quantifies how the decentralized tech that runs the currency system could be compromised.

The mobile phone icon for the Coinbase app is shown in New York on April 13, 2021.

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

7:08pm June 14, 2022

by Jaclyn Diaz

The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.

El Salvador's El Zonte is now popularly known as "Bitcoin Beach," for being the first town to use the cryptocurrency as a form of payment for services, products and salaries.

El Salvador's leader wants to go in even bigger on bitcoin

6:00am March 27, 2022

by Carrie Kahn

After making the cryptocurrency legal tender, President Nayib Bukele plans to launch bitcoin-backed bonds to raise $1 billion for the country.

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Workers install cryptocurrency mining computers inside a converted shipping container at the Compute North facility in Nebraska.

World News

How the U.S. benefits when China turns its back on Bitcoin

7:04am February 24, 2022

Until the middle of last year, most cryptocurrency mining took place in China. Then authorities pulled the plug. So Chinese bitcoin miners began moving their gear to U.S. towns like Kearney, Nebraska.

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