Shannon’s picks for Friday, November 5, include: Greta Thunberg spoke at a youth march at COP26 in Glasgow, saying the conference is “a failure.” She explained that, in order to combat climate change, world leaders need to take more serious action. “The most affected people in the most affected areas still remain unheard,” Thunberg said.…

New York Mayor-elect Eric Adams announced on Twitter Thursday he is going to take his first three paychecks as mayor in Bitcoin. His tweet, sent two days after winning the city’s mayoral election, came in reply to Miami Mayor Francis Suarez, who said he was going to take his next paycheck in bitcoin. It all…

The Dow Jones Industrial Average briefly hit a record high Wednesday, finishing the day up 152.03 points, or .4 percent. It has since fallen 96 points, or .3 percent, to 35,514 as of 10:19 a.m. EST Thursday. That is just below the previous record set Aug. 16. The S&P 500 index was also poised to…

Update (10/20/21): Bitcoin hit a record high at just over $66,000 Wednesday morning, a day after a Bitcoin exchange-traded fund, or ETF, hit the New York Stock Exchange. According to Coindesk, the previous record high was just under $65,000. ProShares’ “BITO” attracted huge interest from investors looking to get into the surging field of cryptocurrencies, without…

The People’s bank of China declared all cryptocurrencies illegal Friday. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the bank said on its website. In its announcement, China said cryptocurrencies like Bitcoin and Ethereum disrupt the financial system. China noted the use of cryptocurrencies in money-laundering schemes and other crimes…

Dogecoin, the cryptocurrency, is not trademarked, and therefore does not have an official owner. The creators introduced Dogecoin in 2013 and formed a nonprofit called the Dogecoin Foundation in 2014, but they only just applied for the trademark in August of this year, according to the U.S. Patent and Trademark Office. In fact, others filed…

For the last decade, cryptocurrencies like Bitcoin have taken financial markets by storm as the currencies of the future. While cryptocurrencies have their champions, many still question their safety and utility.

Bitcoin surged above $40,000 per coin after Amazon revealed it was hiring an expert in the cryptocurrency field. Reuters reported the cryptocurrency’s value jumped 12% over a 24-hour period. The price eased on Tuesday after an Amazon spokesman denied online speculation, saying that while the company had “an interest in the space, the speculation that…

MADRID (AP) — John McAfee, the creator of the McAfee antivirus software, has been found dead in his cell in a jail near Barcelona, a government official told The Associated Press on Wednesday. Authorities said the cause of death was being investigated. Hours earlier, a Spanish court issued a preliminary ruling in favor of the…

WASHINGTON (AP) — The Justice Department has recovered the majority of a multimillion-dollar ransom payment to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday. The operation to recover the cryptocurrency from the Russia-based hacker group is believed to be the…