Latest MoneyWatch headlines
White House GDP forecast is unrealistic; Bitcoin prices hit record high; and China's credit rating downgraded by Moody's. These headlines and more from CBS MoneyWatch.
Bitcoin
Tesla earned more from bitcoin than cars last quarter
Elon Musk's electric car maker made more money than ever in a single quarter, but none of it was from making cars.
One Loose Thread, Rainbow Railroad, Bitcoin's Wild Ride
How the Danske Bank money-laundering scheme involving $230 billion unraveled; then, escaping on the Rainbow Railroad; and, Bitcoin's wild ride
The hackers who crippled the computer systems at the Washington, D.C.-area MedStar hospital network demanded thousands of dollars in bitcoin as ransom to unlock the computer systems
The hackers who crippled the computer systems at the Washington, D.C.-area MedStar hospital network demanded thousands of dollars in bitcoin as ransom to unlock the computer systems. CBS News justice correspondent Paula Reid has the latest details for CBSN.
Here's who is getting rich off Coinbase going public
Rapper Nas and VC Marc Andreessen are investors in the trading company riding the mania for digital currencies.
You can now buy a Tesla with bitcoin, Elon Musk says
After Musk's announcement, the price of a single Bitcoin rose to over $56,000.
Erik Finman, a 15-year-old from northern Idaho, founded an online education program that links students with instructors around the world
Erik Finman, a 15-year-old from northern Idaho, founded an online education program that links students with instructors around the world. Michelle Miller reports on his story.
Dish Network will become the largest company to let customers pay their bills using bitcoin, plus more MoneyWatch headlines
Dish Network will become the largest company to let customers pay their bills using bitcoin. A Dish executive says the move is in line with the company’s goal of reaching tech savvy customers. Dish will begin accepting the digital currency by the of this year. Jill Wagner has that story and more MoneyWatch headlines.
Bitcoin ATMs coming to a corner near you
With bitcoins trading near $60,000, buying a piece of the action is getting easier with the proliferation of digital currency machines.
Bitcoins, coming soon to an ATM near you?
If current trends continue, there really will be a digital currency kiosk on every corner.
Bitcoin and the future of money
It's been said that cash is king, but lately it's been getting a little competition from a currency you can't see. Bitcoin is a digital form of money that only exists in cyberspace, sent from one computer to another. It's not connected to any bank or government, which suits Bitcoin's anti-establishment advocates just fine. Alexis Christoforous reports.
Newsweek is standing by a report that the magazine tracked down the founder of Bitcoin. The new digital currency is highly volatile, having lost half its value over the past three months.
Newsweek is standing by a report that the magazine tracked down the founder of Bitcoin. The new digital currency is highly volatile, having lost half its value over the past three months. It’s also attracting attention from the Treasury Department and the Securities and Exchange Commission. Ben Tracy reports.
Vinita Nair reports on the media frenzy surrounding 64-year-old Dorian Satoshi Nakamoto
Newsweek magazine reportedly tracked down the mastermind behind the digital money known as Bitcoin. Vinita Nair reports on the media frenzy surrounding 64-year-old Dorian Satoshi Nakamoto.
Leah McGrath Goodman, author of the Newsweek article about the man behind Bitcoin, talks about her search for the mastermind of the digital money
Leah McGrath Goodman, author of the Newsweek article about the man behind Bitcoin, talks to the "CBS This Morning" co-hosts about her search for the mastermind of the digital money.
The future of the unregulated digital currency, Bitcoin, is uncertain after its largest exchange filed for bankruptcy
The CEO of one of the largest Bitcoin exchanges made his first public appearance after filing for bankruptcy. Investors are looking for answers after nearly half a billion dollars worth of Bitcoins disappeared. The future of the digital currency has become even more uncertain. Jericka Duncan reports.
As Bitcoin's price skyrockets, so does its carbon footprint
The energy-hogging digital currency is on track to consume as much electricity as all of the data centers around the world.
Bitcoin millionaires top 100,000 for first time
The number is four times what it was just three months ago.
Tesla has made $1 billion on bitcoin in less than a month
Electric car maker earned more from its bet on the digital currency than it made selling vehicles last year.
Bitcoin prices top $50,000 for the first time
Wall Street analysts predict more companies are likely to embrace cryptocurrencies and blockchain tech.
Bitcoin prices soar as Tesla says it bought $1.5 billion worth
Elon Musk's electric car company will also soon allow customers to buy its vehicles with bitcoin.
Panthers lineman says he's 1st NFL player to be "paid in Bitcoin"
Okung will take half of his $13 million salary in Bitcoin, but it won't necessarily come in that form from his team.
Bitcoin surges past $20,000, topping previous peak 3 years ago
Like other popular investments in times of uncertainty, such as gold, bitcoin has benefited from the pandemic.
Feds seize stolen bitcoin worth more than $1 billion
Justice Department officials say it is the "largest seizure of cryptocurrency" in history.
Mt. Gox, one of the biggest Bitcoin exchanges, went bust after it was revealed hundreds of millions of dollars' worth of the electronic currency were missing
Mt. Gox, one of the biggest Bitcoin exchanges, went bust after it was revealed hundreds of millions of dollars' worth of the electronic currency were missing. Bitcoins have been a highly risky investment, and law enforcement fears the currency is ideal for criminals. Anthony Mason reports.
Three out of four Americans say they still don't fully understand the virtual currency
Three out of four Americans say they still don't fully understand the virtual currency known as Bitcoin. Alexis Christoforous takes a closer look.
Live
Election Day 2025 results: Democrats sweep major races
Voters headed to the polls in Virginia, New Jersey, California and New York City, in the biggest races since President Trump's win. Follow live results here.
UPS plane crashes near Louisville airport, at least 7 killed, officials say
A shelter-in-place has been issued after a UPS plane crashed near the Louisville International Airport in Kentucky, officials said.
Breaking
California voters pass Prop 50 to redraw the state's congressional maps, CBS News projects
California voters have passed Proposition 50, CBS News projects, approving a measure backed by Gov. Gavin Newsom and legislative Democrats that will redraw the state's congressional districts.
Government shutdown becomes longest in U.S. history after failed Senate vote
The Senate failed for the 14th time to advance a bill to end the government shutdown, now the longest in U.S. history. Follow live updates here.
Democrat Mikie Sherrill defeats Jack Ciattarelli in N.J. governor's race
Democrat Mikie Sherrill is set to be the next governor of New Jersey after she defeated Republican Jack Ciattarelli, CBS News projects.
Here's what Mamdani's win could mean for Democrats nationwide
A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
Potential consequences of Prop 50's redistricting measure — beyond California
California's approval of Proposition 50 sets in motion a redistricting plan that could result in pickups of five seats for Democrats in the Golden State — an effort that may ripple beyond California's borders.
Democrat Jay Jones wins Virginia attorney general's race despite texting scandal
At the beginning of October, Jay Jones' violent text messages from in 2022 resurfaced and were condemned by both parties.
Democrat Abigail Spanberger wins Virginia governor's race, CBS News projects
Democrat Abigail Spanberger will be Virginia's next governor, CBS News projects, defeating Republican Winsome Earle-Sears after a race dominated by President Trump.