The recent case of an Italian tourist who was kidnapped in New York City and tortured by people allegedly after his cryptocurrency is drawing attention to a rash of crimes dubbed “wrench attacks,” which combine cybertheft with old-fashioned thuggery. The term stems from an XKCD comic that depicts a “crypto nerd’s imagination” of the tech […]
A man with a bitcoin fortune was allegedly tortured for weeks in a New York City home. Here’s what we know.
The investigation into the bitcoin torture case in New York City has revealed gruesome details about the alleged kidnapping and beating of an Italian man for his fortune in the cryptocurrency. What we know about the bitcoin torture case The unidentified 28-year-old man managed to escape from his alleged captors on May 23 in the […]
The New Safe Haven: How High-Net-Worth Investors Are Rethinking Liquidity In 2025
From Treasuries to Bitcoin, the pursuit of safety is reshaping how investors allocate and exit their capital. Unsplash+ In times of stress, wealth always chases after safety, but in 2025, the definition of “safe” has become much murkier. The investment landscape for high-net-worth (HNW) investors is undergoing a significant transformation, and the definition of safe […]
GameStop purchases more than $500 million in bitcoin in first crypto push
GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million, as the video game retailer makes its first major foray into cryptocurrency. GameStop’s stock price jumped 92 cents, or 2.6%, to $35.97 before the start of trade Wednesday. The shares, dubbed a “meme stock” in recent years as retail investors piled into […]
JD Vance speaking at Bitcoin event today, as Trump administration’s crypto ties grow
Vice President JD Vance is speaking Wednesday at a Bitcoin conference, marking the Trump administration’s latest overture to the cryptocurrency industry — a once-fringe business that President Trump and his allies have embraced in recent months. Vance is set to speak at noon ET at the Bitcoin 2025 Conference in Las Vegas. A longstanding backer […]