Bitcoin slumps as FTX meltdown triggers fears of contagion
Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
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Total value of cryptocurrencies has fallen more than $1 trillion this year as investor sentiment sours.
The collapse of FTX, one of the largest cryptocurrency exchanges, is reverberating around the financial world as investors reportedly lost nearly $1 billion in assets. The company filed for Chapter 11 bankruptcy. Astrid Martinez has more.
The cryptocurrency world is reeling after the meltdown of one of its most popular trading platforms. The exchange FTX filed for bankruptcy protection as fallen crypto-king Sam Bankman-Fried stepped down as CEO. Vladimir Duthiers has the details.
The world's largest cryptocurrency firm Binance has pulled out of a deal to save its rival FTX, triggering panic selling in the markets. Jennifer Schonberger, a senior reporter for Yahoo Finance, joined John Dickerson to discuss what's going on with the crypto market.
The stock market's tumble has put the S and P 500 into a bear market. CBS News correspondent Elaine Quijano reports on Wall Street's drop on Monday. Then, Akiko Fujita, a reporter and anchor for Yahoo Finance, joins Errol Barnett on CBS News to discuss the latest on the markets.
With more and more investment companies offering cryptocurrency as an option in retirement portfolios, the recent decline of digital currency means some people's retirement funds are losing money. Greg McBride, chief financial analyst at Bankrate, joins CBS News to explain what caused the crash and what it means for your investments.
The always volatile cryptocurrency market took a dive after a major sell-off, and the crash in prices wiped out more than $300 billion this week. Crypto trader and investor Scott Melker, who hosts "The Wolf of All Streets" podcast, joined CBS News to discuss what's next for the digital currencies.
The cryptocurrency market has lost about 70% of its value in the past 8 months. CBS News tech reporter Dan Patterson breaks down how fraud is damaging the appeal of crypto. He also spoke with actor Ben McKenzie, who is co-writing a book about crypto, about why people should be skeptical before investing in the digital currency.
New hires at some tech companies are seeing their jobs disappear before they even begin, and some employees are having salaries slashed. CBS News tech reporter Dan Patterson joins "CBS News Mornings" to explain what's behind the moves.
Helene Braun, U.S. markets reporter for CoinDesk, joins CBS News at the closing bell to discuss what's driving the downward trend of the crypto market, and why corporate involvement could make the online currencies lose even more of their value.
Sharyn Alfonsi reports from El Zonte, El Salvador, a tiny town that has made bitcoin part of its economy.
The massive downturn in cryptocurrencies continued Thursday, as the price of Bitcoin plunged to its lowest point since 2020. Peter Smith, CEO and co-founder of Blockchain.com, joins CBS News' Lilia Luciano to discuss the recent volatility.
The cryptocurrency's price continues to fall even though Fidelity and Goldman Sachs are adopting the digital asset.
Bitcoin prices have sunk 21% in the last month, while other cryptocurrencies are also fading. Here's why.
Mike Peterson, an expat from San Diego, says he was approached by an anonymous donor with a fortune in bitcoin who wanted to see it put to good use. The stipulation was Peterson could not convert the bitcoin into cash. http://cbsn.ws/3utXhEk
Jack Mallers is founder and developer of Strike, an app that allows people to send money across borders, instantly, for pennies. Then Mallers spent months talking with the Salvadoran government about the merits of cryptocurrencies and bitcoin. http://cbsn.ws/3utXhEk
What can you actually use crypto for? As of now, not much! David Pogue looks at the ins and outs of cryptocurrency, which has proven a boon for speculative investors, but problematic for people who just want to pay for lunch.
A small town in El Salvador is fostering a Bitcoin economy, in part, because the technology meets local needs.
Bitcoin is just one of thousands of digital currencies on the market, that have proven a boon for speculative investors. But what can you actually use crypto for? As of now, not much, says correspondent David Pogue, who looks into the problems cryptocurrency has to overcome if it's to become ready for prime time.
President Biden signed an executive order this month calling on Congress to examine the risks and benefits of cryptocurrencies. With digital assets expanding in the global economy, it's becoming more important to be aware of ways people are being victimized in the marketplace. CBS News tech reporter Dan Patterson joins CBS News' Meg Oliver and Tanya Rivero to discuss what he calls new tech, but old scams.
Bitcoin is becoming a more attractive money alternative for Russians because the ruble lost its value, analysts said.
Investors are shunning bitcoin and other digital currencies in favor of traditional safe havens like gold and the U.S. dollar.
Ilya Lichtenstein is in jail, and wife Heather Morgan has been freed; the judge said evidence tying them to the scheme is "very strong."
Despite the risks and volatility of crypto trading, more people are dipping their toes into the market. Chris Lehane, a former executive at Airbnb who recently took a job as the chief strategy officer for a new crypto venture capital fund, joined CBS News to discuss why he's moving to the crypto market.
A New York couple has been arrested and charged for allegedly conspiring to launder $4.5 billion in stolen cryptocurrency. Ari Redbord, head of legal and government affairs for TRM labs, joined CBS News Nikki Battiste to discuss.
As Iran's exiled crown prince predicts his imminent return, the Islamic Republic shirks Trump's warnings and threatens protesters with maximum punishment.
The strikes were part of a retaliatory operation for the ISIS terrorist ambush in Palmyra, Syria, in December that killed two American soldiers and one U.S. civilian interpreter.
The leader of an independent Iranian news publication says President Trump's warnings are alarming officials and encouraging demonstrators.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Three Democratic lawmakers said they were denied access to the ICE facility at the Whipple Federal Building in Minneapolis on Saturday.
Greenland's leaders said the island's future must be decided by its people.
Minneapolis is reeling after an ICE agent fatally shot a woman on the city's south side Wednesday morning.
The White House shared video showing a different angle of Renee Good's shooting by an ICE agent in Minneapolis and the moments that led up to it.
The State Department said there are reports of groups of armed militias, known as colectivos, setting up roadblocks and searching vehicles for evidence of U.S. citizenship or support for the U.S.
Three Democratic lawmakers said they were denied access to the ICE facility at the Whipple Federal Building in Minneapolis on Saturday.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
Protests against immigration enforcement were taking place across the U.S. after federal officers shot three people in Minneapolis and Portland.
Authorities warn organized theft rings are going after high-end SUVs, pickups and performance cars in the U.S. and smuggling them into Mexico.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
Midsize cities like Pittsburgh and Columbia, South Carolina, offer some of the best employment prospects, analysis finds.
The White House said it will review its protocols for releasing economic data after President Trump's "inadvertent public disclosure."
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
Three Democratic lawmakers said they were denied access to the ICE facility at the Whipple Federal Building in Minneapolis on Saturday.
Lawmakers are demanding a range of actions, from a full investigation and policy changes to the defunding of ICE operations and the impeachment of Homeland Security Secretary Kristi Noem.
Greenland's leaders said the island's future must be decided by its people.
U.S. Agriculture Secretary Brooke Rollins said on Friday that she is suspending payments on all active and future awards from the USDA to Minnesota amid the long-running fraud scandal in which the White House has alleged a misuse of federal funds.
President Trump called for a one-year cap on credit card interest rates late Friday, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers.
Andy Provencher spent a year searching for the cause of his exhausting symptoms before a physician's assistant suggested a rare illness.
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
The media superstar, who has struggled with weight for much of her life, and a Yale School of Medicine doctor team up for a book that examines the biology of obesity, offering a new way forward.
Health and Human Services Secretary Robert F. Kennedy Jr. claimed there is "no scientific evidence" the flu vaccine prevents hospitalizations or death in children, despite previous CDC guidance.
The new dietary guidelines recommend limits on added sugars and mention gut health. Here's what to know.
The strikes were part of a retaliatory operation for the ISIS terrorist ambush in Palmyra, Syria, in December that killed two American soldiers and one U.S. civilian interpreter.
Clashes broke out Tuesday in Aleppo's predominantly Kurdish northern neighborhoods after the government and the Syrian Democratic Forces failed to make progress on how to merge their forces into the national army.
Authorities warn organized theft rings are going after high-end SUVs, pickups and performance cars in the U.S. and smuggling them into Mexico.
The leader of an independent Iranian news publication says President Trump's warnings are alarming officials and encouraging demonstrators.
Elon Musk's platform is facing global backlash after reports emerged that its image creation feature allowed users to sexualize pictures of women and children using simple text prompts.
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
"CBS Saturday Morning" predicts winners for the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
Chris Perfetti's breakout role was as history teacher Jacob Hill in the hit comedy "Abbott Elementary," but the actor, who's co-starring with Jason Bateman in HBO's new limited series "DTF St. Louis," tells "CBS Saturday Morning" that his versatility comes from his stage experience.
Tennessee-based artist Mon Rovîa was born in Liberia and adopted by American missionaries as a child. His music reflects this unique experience. He's a rising star redefining Appalachian folk, and his highly anticipated debut album, "Bloodline," delivers powerful messages about injustice and empathy. Here's Mon Rovîa performing "Bloodline."
Tennessee-based artist Mon Rovîa was born in Liberia and adopted by American missionaries as a child. His music reflects this unique experience. He's a rising star redefining Appalachian folk, and his highly anticipated debut album, "Bloodline," delivers powerful messages about injustice and empathy. Here's Mon Rovîa performing "crooked the road."
In his new book "Spies, Lies, and Cybercrime," former FBI Counterintelligence Operative Eric O'Neill describes the art of outsmarting cybercriminals and protecting your data and wallet. O'Neill spoke with CBS News' Major Garrett about steps people can take to stay safe online.
Facebook parent Meta has reached nuclear power deals with three companies as it continues to look for electricity sources for its artificial intelligence data centers.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Britain's leader says all options on the table if Musk's X platform doesn't stop Grok AI tool being used to generate non-consensual sexualized images.
Millions of Americans who use Gmail are getting a new package of tools, driven by artificial intelligence. Google says it's trying to make Gmail more like a personal assistant as it brings more of its Gemini AI to your inbox with three updates. The changes come with some privacy concerns. Jo Ling Kent explains.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Michael McKee is the ex-husband of Monique Tepe, according to court records obtained by CBS News. Tepe and her husband, Spencer, were shot and killed in Columbus on Dec. 30.
Luigi Mangione was back in court on Friday, where his lawyers worked to block the Justice Department from seeking the death penalty in his federal trial for the killing of UnitedHealthcare CEO Brian Thompson. Mangione pleaded not guilty in April 2025.
Clay County Sheriff Eddie Scott said the victims were family members related to the suspect. They were shot at three separate locations late Friday. One of the victims was a child.
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson more than a year ago, was back in a New York courtroom on Friday. Mangione's lawyers asked a federal judge to drop two of his four federal charges. CBS News legal reporter Katrina Kaufman has more.
NASA officials reported Thursday that an unidentified member of Crew 11 was dealing with "a medical situation" that would require the crew to return to Earth sooner than anticipated.
Four crew members aboard the International Space Station will be brought home more than a month early in the coming days as NASA cuts its mission short due to health concerns. NASA says the ailing astronaut is stable and while it is not an emergency, weeks more in space are not in the best interest of their health.
The crew at the International Space Station will return home early because of what NASA is calling a medical concern with a crew member. CBS News space consultant Bill Harwood has more details.
NASA on Thursday postponed a scheduled spacewalk on the International Space Station due to a "medical concern." CBS News space consultant Bill Harwood has more.
A planned spacewalk outside the International Space Station was scrapped because of what NASA called a "medical concern" with an unidentified crew member.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Experts describe the food trends we can expect this year with words like nostalgia, comfort and value. The New York Times spoke with market researchers, food company executives and cooks to learn more about the forecast. New York Times food correspondent Kim Severson wrote that article and joins "The Daily Report" to discuss.
Comedian Nikki Glaser helped roll out the red carpet ahead of hosting the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
"CBS Saturday Morning" predicts winners for the 83rd Annual Golden Globe Awards, which airs Sunday on CBS and Paramount+ at 8pm ET.
"CBS Saturday Morning" hosts Adriana Diaz and Kelly O'Grady introduce themselves.
President Trump met with oil executives Friday amid action in Venezuela. Meanwhile, protests continued in Minnesota over the deadly ICE shooting.