Julius Jones' life is spared hours before planned execution, will spend life behind bars
The family and supporters of Julius Jones are breathing a sigh of relief after Oklahoma Governor Kevin Stitt spared his life just four hours before he was scheduled to be executed. “CBS Mornings” spoke to his sister, who says the fight is not over.news.yahoo.com
Central Florida county considering starting its own cryptocurrency
Cryptocurrency Lake County is looking at the possibility of getting involved in the cryptocurrency business. (WFTV.com News Staff)LAKE COUNTY, Fla. — Lake County is looking at the possibility of getting involved in the cryptocurrency business. County staff are exploring how the county could accept Bitcoin for payment of fees, and the possibility of the county making its own cryptocurrency. That’s why Parks is pushing county staff to look into accepting Bitcoin as a form of payment for fees on various county services. He’d also like the county to look at creating its own “coin,” a Lake County digital currency, like the city of Miami has done.wftv.com
Bitcoin: 9 things to know
Bitcoin Coins symbolic of the cryptocurrency Bitcoin are pictured. (Ross Durant Photography via Getty Images)ORLANDO, Fla. — Bitcoin -- you’ve probably heard of it, but do you know how it works? Read nine things to know about the cryptocurrency below:1. The price of Bitcoin is determined by open-market bidding on Bitcoin exchanges. Bitcoin exchanges and transactions are recorded on a network of decentralized computers called the blockchain.wftv.com
Amid crypto's Wild West, Binance says a sheriff is needed
Binance CEO Q A Binance CEO Changpeng Zhao answers a question during a Zoom meeting interview with The Associated Press on Tuesday, Nov. 16, 2021. Binance is the world’s largest crypto exchange and hosts tens of billions of dollars’ worth of trades every day. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global regulators to establish rules for crypto markets. But Binance CEO Changpeng Zhao, who goes by “CZ,” says more regulation for the industry is inevitable, and this allows his company to play a role in the discussions. Such opportunities for wealth have drawn more new investors into crypto, as well as the eyes of regulators.wftv.com
Hot inflation report slams bond market, sends stocks lower
Financial Markets Wall Street FILE - A sign for Wall Street is carved in the side of a building on Nov. 5, 2020 in New York. Stocks are off to a weak start on Wall Street Wednesday, Nov. 10, 2021, pulled down by losses in big technology companies. (AP Photo/Mark Lennihan, File) (Mark Lennihan)NEW YORK — (AP) — An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helped knock stocks lower. Drops for several high-growth tech stocks weighed on Wall Street, as did a slide in energy stocks following a decline in the price of crude oil. In the stock market, higher yields tend to favor stocks that look cheap, or at least cheaper than their peers.wftv.com
Bitcoin tops $66,000, hits high on mainstreaming excitement
Bitcoin Goes Mainstream FILE - This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displayed on a tram in Hong Kong. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday, Oct. 19, 2021. The ETF doesn’t invest directly in Bitcoin. The last time Bitcoin set a record high, the price dropped by half in roughly three months.wftv.com
Bitcoin sets high, tops $66,000 on mainstreaming excitement
Bitcoin Goes Mainstream FILE - This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displayed on a tram in Hong Kong. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday, Oct. 19, 2021. (AP Photo/Kin Cheung, File) (Kin Cheung)NEW YORK — (AP) — Bitcoin jumped to a record high Wednesday morning, topping $66,000, as it rides a wave of excitement about getting further mainstreamed by the financial establishment. It’s rallied back after sinking below $30,000 during the summer to top its prior record set in April.wftv.com
As Bitcoin goes mainstream, Wall Street looks to cash in
Bitcoin Goes Mainstream FILE - This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displayed on a tram in Hong Kong. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday, Oct. 19, 2021. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. In the end, what many on Wall Street see lasting may not be as much Bitcoin and other cryptocurrencies as the technology that underlies them.wftv.com
Bitcoin-mining power plant raises ire of environmentalists
It uses its own power plant. “The current state of our climate demands action on cryptocurrency mining,” said Liz Moran of Earthjustice. Bitcoin mining at the plant, which has a 106-megawatt capacity, started in earnest last year. Plant opponents suspect Greenidge of pulling a bait-and-switch, applying to run a power plant but planning to run a mining operation that is taking up more of the plant's power. Around the country, there are other power plants being used for cryptocurrency mining under different types of arrangements.wftv.com
Bitcoin-mining power plant raises ire of environmentalists
An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant.news.yahoo.com
El Salvador president wants Bitcoin as legal tender
El Salvador President Nayib Bukele has announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.
Fed's Powell: Public should understand risks of Bitcoin
Powell said Monday, March 22, 2021, that the U.S. public needs to understand the risks behind Bitcoin and other crypto currencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. (AP Photo/Susan Walsh, Pool, File)WASHINGTON – Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other cryptocurrencies, even as the central bank itself is studying the potential costs and benefits of a digital dollar. “They’re highly volatile, see Bitcoin, and therefore not really useful as a store of value,” Powell said in remarks to a virtual summit hosted by the Bank for International Settlements. There is also the risk that a digital currency could be held by individuals electronically and could therefore bypass banks. “Private stable coins are not going to be an appropriate substitute for a sound monetary system based in central bank money.”
Cost of a single Bitcoin exceeds $50,000 for first time
– The seemingly unstoppable rise of Bitcoin continued Tuesday with the cost of a single unit of the digital currency rising above $50,000 for the first time. Bitcoin is rallying as more companies signal the digital currency could eventually gain widespread acceptance as a means of payment. Some businesses also accept bitcoin, but its popularity has stalled out in recent years. Overstock.com appears to accept Bitcoin for most listings on its website, including cameras, vacuums and clothes. When this bubble bursts and at what price Bitcoin settles at is anyone’s guess,” Reiners said.
Bitcoin, seemingly omnipresent, crosses the $50,000 mark
The Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker's Choice store, Tuesday, Feb. 9, 2021, in Salem, N.H. The price of Bitcoin has soared over the past months. – After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies signaled the volatile digital currency could eventually gain widespread acceptance as a means of payment for goods and services. Bitcoin has been mostly seen as a store of value, like gold, with very few places to spend it.
Tesla buys $1.5 billion in Bitcoin, will accept as payment soon
Tesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. Electric automaker Tesla said Monday that it has invested around $1.5 billion in Bitcoin and it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15.4% to around $44,500 Monday in reaction to Tesla's announcement, according to CoinBase. Bitcoin has drawn enthusiasts for its scarcity and security, but the volatile digital currency still is not widely used to pay for goods and services. It's mostly been a store of value, like gold, with some limited merchants like Overstock accepting bitcoin for payment.
Bitcoin crosses $40K mark, doubling in less than a month
Bitcoin has crossed the $40,000 mark, extending on a huge rally that started three months ago, Thursday, Jan. 7, 2021. Now only a few days into 2021, the price of bitcoin has crossed $40,000. Nothing's new with the digital currency in the month since it crossed $20,000 — there's been no major change in how it can be used. The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out bitcoin futures. The currency's value plunged sharply in 2018, and by December of that year Bitcoin was worth less than $4,000 a coin.
Orlando man arrested in connection with massive Twitter hack allowed bond
ORLANDO, Fla. – In a hearing Monday, a judge granted bond for an accomplice of one of the nation’s most high-profile security breaches. A California federal judge ordered 22-year-old Nima Fazeli to be held on a $50,000 bond. Investigators arrested Fazeli, of Orlando, in July after Twitter accounts of prominent politicians, celebrities and technology moguls were hacked. Court papers in the California cases say Fazeli and Sheppard brokered the sale of Twitter accounts stolen by a hacker. [RELATED: 3 charged in massive Twitter hack, Bitcoin scam]Internal Revenue Service investigators in Washington, D.C., identified two of the defendants by analyzing Bitcoin transactions on the blockchain — the universal ledger that records Bitcoin transactions — that they had sought to make anonymous, federal prosecutors said.