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Iran mines Bitcoin at $1,320 per coin on subsidized electricity and sells it at $68,000. A 50x gross margin. Not a hedge fund return. Not a venture multiple. Fifty times on power costs alone, running on electricity priced at half a cent per kilowatt hour while Iranian civilians suffer rolling blackouts because 700,000 mining rigs are draining 2,000 megawatts from a collapsing grid every single day. 95 percent of those rigs are illegal. The IRGC runs the largest operations, exempt from electricity bills, consuming power from facilities that simultaneously cause blackouts in hospitals and homes. The regime legalized mining in...

Since its peak last fall, Bitcoin, the world’s largest cryptocurrency, has lost almost half its value. Nearly $2 trillion of wealth has evaporated from the global crypto market since October. We have one question. What took so long? Outside of crimes and scams, the technology is useless, and its economics are even worse. ....At a time when investors have grown skittish about riskier assets, the value of Bitcoin has fallen nearly 50 percent since October, dropping to below $70,000, proving it was only a matter of time before crypto faced the critical lens it always needed but never truly received....

It’s known as “Don Colossus.” At 15 feet tall, the statue of President Trump, mounted on its 7,000-pound pedestal, is about the height of a two-story building — a giant effigy cast in bronze and finished with a thick layer of gold leaf. For more than a year, the golden statue has been at the center of one of the stranger moneymaking ventures of the Trump era. A group of cryptocurrency investors paid $300,000 to have a sculptor create it as a tribute to Mr. Trump, an outspoken crypto proponent. Then they used it to promote a memecoin called $PATRIOT....

Live one year chart on CNBC (Business).

China has executed four leading members of Myanmar-based scam syndicates, a Chinese court said on Monday (Feb 2), the second such announcement in less than a week as Beijing ramps up a crackdown on cross-border telecom fraud. Fraud compounds where scammers lure internet users into fake romantic relationships and cryptocurrency investments have flourished across Southeast Asia, including in Cambodia and the lawless borderlands of Myanmar. Initially, largely targeting Chinese speakers, the criminal groups behind the compounds have expanded operations into multiple languages to steal billions of dollars from victims around the world.

musk26.com is a recently registered website with a low trust score, flagged as suspicious due to several red flags identified by online security evaluators. The domain was registered on January 3, 2026, making it very new as of January 4, 2026. It claims to be associated with Elon Musk and Tesla, promoting a cryptocurrency giveaway under the title "Elon Musk & Tesla: Giveaway". The site uses a valid SSL certificate issued by Google Trust Services, indicating encrypted communication, but the certificate is of the basic Domain Validated (DV SSL) type, which is commonly used even by scammers. The domain is...

As 2025 comes to a close, Donald Trump’s favorable approach to cryptocurrency has not proven to be enough to sustain the industry’s gains, once the source of market-wide optimism and enthusiasm. The last few months of the year have seen $1tn in value wiped from the digital asset market, despite bitcoin hitting an all-time-high price of $126,000 on 6 October.The October price peak was short-lived. Bitcoin’s price tumbled just days later after Trump’s announcement of 100% tariffs on China sent shockwaves across the market on 12 October. The crypto market saw $19bn liquidated in 24 hours – the largest liquidation...

has been transferred out of federal prison. AP Photo/Eduardo Munoz Alvarez Dec 16, 2025, 2:14 PM PT Save Saved Add us on Caroline Ellison has been moved from federal prison to community confinement. That means the former Alameda Research CEO is either in home confinement or a halfway house. Ellison served about 11 months of her two-year prison sentence. Caroline Ellison, the former cryptocurrency executive and ex-girlfriend of Sam Bankman-Fried, has been quietly moved out of federal lockup after serving roughly 11 months of her two-year prison sentence, Business Insider has learned. Ellison, 31, was transferred on October 16 from...

A former Cook County judge who stole large sums of money from an elderly friend who served as a Tuskegee Airman received a probationary sentence on Friday. Patricia Martin, 66, received four years of probation after pleading guilty to theft of $100,000 to $500,000, according to court records. The judge also ordered her to pay $122,763.73 in restitution and comply with standard probation conditions that include random drug testing. Martin once served as presiding judge of the Child Protection Division and retired in 2020. Prosecutors initially accused her of stealing nearly $250,000 from then-95-year-old Oscar Wilkerson, a longtime friend whose...

A convicted cryptocurrency fraudster and his wife watched each other being tortured to death after kidnappers failed to gain access to their £380million fortune, according to Russian investigators. Roman Novak and his wife Anna vanished on October 2 after being lured to the Hatta resort area, around 80 miles from Dubai, by criminals pretending to be potential investors. Their mobile phones last pinged near the barren Hajar mountains on the border with Oman, where police later uncovered the couple's remains during a large-scale search across a 500-by-500-metre stretch of sand. Russian media have revealed fresh details about what happened after...

Tom Lee joins CNBC to explain why crypto's steady slide reflects a deeper issue. Fundstrat's Tom Lee: Here's Why Crypto Keeps Dropping | 11:16 Fundstrat | 89.3K subscribers | 214,883 views | November 20, 2025

Bitcoin falling below $93,000 could trigger an accelerated liquidation cascade The total cryptocurrency market cap has erased $1.2 trillion (£913.8 billion) of investor wealth in just over five weeks. Bitcoin prices have plummeted over 25% to below $90,000 (£68,536) this week, down from record highs of $126,000 (£95,951) in early October. The last time Bitcoin traded below the $90,000 mark was seven months ago, erasing much of this year's gains and sparking widespread concern across the crypto industry. The sharp decline has prompted questions about whether this is merely a temporary market correction or the start of a longer-term bear...

Tom Lee. Fundstrat Global Advisors head of research and Fundstrat Capital CIO, joins 'Squawk Box' to discuss the latest market trends, year-end S&P outlook, bitcoin price trends, and more. The S&P 500 could reach 7,500 by year-end, says Fundstrat's Tom Lee | 8:25 CNBC Television | 3.27M subscribers | 161,455 views | November 3, 2025

Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency. Satoshi Nakamoto changed how we define money. In response to the 2008 collapse of the financial institutions in which millions put their trust, Satoshi created a decentralized monetary system built on elliptic curve cryptography. This combination of cold math and decentralization was a powerful one, attracting not only diehard skeptics but also the world’s largest financial institutions, such as BlackRock. In the...

If the dollar dominates stablecoins, America could dominate global finance for centuries“I will make sure the US is the crypto capital of the world,” Donald Trump vowed earlier this year. In July, he signed the Guiding and Establishing National Innovation for US Stablecoins (Genius) Act. The Act creates federal guardrails for dollar-pegged stablecoins and regulates who can issue and redeem them. Concerns from law enforcement are also addressed, by making sure anti-money laundering and consumer regulation applies. But what are stablecoins? They are digital tokens built to stay at a stable price, usually one dollar. They sit on the blockchain...

Crypto prices tumbled amid investor concerns over economic stability and escalating trade disputes. Bitcoin and Ethereum, the two major cryptocurrencies, crashed after United States President Donald Trump announced a 100% tariff on 'any and all critical software' import goods from China. The continuing trade tensions between the two countries were significantly heightened by this move. According to Reuters, Bitcoin had dropped 8.4% to £78,000 ($104,782) as of 21:20 GMT. Ethereum also had a 5.8% decline, settling at £2,700 ($3,637). XRP, DOGE and Ada fell around 19%, 27%, and 25% in the last 24 hours, respectively, Bloomberg reported.…..

Konstantin Ganich, a Ukrainian crypto blogger and trader known online as Kostya Kudo, was found dead in a Lamborghini today amid a severe cryptocurrency market downturn. The incident occurred as digital assets experienced extreme volatility, intensifying ongoing discussions about mental health challenges facing crypto traders and influencers. Ukraine has seen growing cryptocurrency adoption as residents seek economic resilience amid national financial pressures. Galish had been promoting trading strategies during this period of market instability. Recent crypto market fluctuations have created widespread distress across the trading community, particularly affecting high-profile investors and social media influencers who built followings around digital asset...

Monday's off to a busy start! As investors and traders await any developments from Washington DC, Tom White points out the fact that in the previous 5 government shutdowns equity markets actually rose higher. He joins Diane King Hall to set up the trading week before turning to a pair of big premarket movers. AMD (AMD) is jumping on news that it reached a deal to sell a potential 10% stake to OpenAI in tranches. And, Micron (MU) begins Monday's action with an upgrade at Morgan Stanley and a new price target to $220. Market Rally: AMD/OpenAI Deal, MU Upgrade...

Former Secretary of State Hillary Clinton took a dig at President Donald Trump on Tuesday for using his office for personal gain. Clinton quoted an X post from Rep. Greg Casar (D-Texas), who accused Trump and his family of corruption, citing the reported $5 billion fortune from World Liberty Financial (WLFI) token, a $400 million plane from Qatar and deals with Amazon and CBS. "Everyone else gets: higher prices for health care, electricity, and groceries. Corruption, plain and simple," Casar said. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T...

The chances of Donald Trump resigning have spiked over the last day on a cryptocurrency-based prediction market following speculation about the U.S. president's health and absence from public engagements over the last week. Polymarket increased the chances of a presidential resignation after the Trump administration said there would be an Oval Office news conference at 2 p.m. ET Tuesday without specifying the reason for the event. However, later White House spokesperson Karoline Leavitt told Newsweek in a statement "the President will be making an exciting announcement related to the Department of Defense." The event follows days of speculation about Trump...