Cryptocurrency

Bitcoin reaches $16K, highest level since 2018

Bitcoin on Thursday reached a record valuation of $16,118, its highest level since 2018. The cryptocurrency is up 123% year-over-year and 50% this quarter, according to data from the California-based digital currency exchange Coinbase.

Rapper T.I. charged by SEC in cryptocurrency scam

The regulator said in its complaint that T.I. -- whose real name is Clifford Joseph Harris -- sold cryptocurrency tokens using his Twitter account and encouraged his followers to invest in the 2017 FLiK initial coin offering.

Why hackers use bitcoin and why it is so difficult to trace

Although it hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Purporting to be former President Obama, Bill Gates and Kanye West, hackers steered Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down.