Bitcoin (BTC-USD) has hit a new all-time high of $71,000, marking a significant milestone for the cryptocurrency. The surge has been fueled by a remarkable increase in demand, driven by heightened investor interest and substantial inflows into spot bitcoin exchange-traded funds (ETFs). Yahoo Finance senior reporter David Hollerith breaks down the details. For more expert … Read more
Photo: Jakub Porzycki/NurPhoto (Getty Images) Coinbase users’ accounts showed a “zero balance” on Wednesday afternoon. Coinbase confirmed the problem on its status page at 12:40 p.m. ET but claims customer cryptocurrency funds are safe. The cryptocurrency exchange blames the outage on increased traffic, as Bitcoin’s price surged past $60,000. Crypto Exchanges Restrict Withdrawals Coinbase says … Read more
For eight years, Craig Wright has claimed to be the elusive Bitcoin creator Satoshi Nakamoto. On Monday, in the swelling heat of a UK courtroom, a trial began that will finally settle the question. Wright, flanked by his legal team, appeared relaxed during opening arguments, leaning back in his chair with one leg crossed over … Read more
When Meiklejohn started college at Brown in 2004, she discovered cryptography. This branch of computer science appealed directly to her puzzle addiction—what was an encryption system, after all, but another secret language demanding to be deciphered? There was a maxim in cryptography, often referred to as Schneier’s law after the cryptographer Bruce Schneier. It asserted … Read more
A Bitcoin logo on a screen in Hong Kong, China, on Tuesday, Dec. 5, 2023. Paul Yeung | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more
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The Securities and Exchange Commission’s official social media account on X (formerly Twitter) posted a notice on Tuesday evening falsely claiming it had approved listings for Bitcoin exchange-traded funds, or ETFs, which has since been deleted. Moments later, SEC Chair Gary Gensler said in a post on his own account that the agency’s account was … Read more