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.
Watch CBS News
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.
The Brown University shooting suspect was found dead in a storage unit in New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
Secretary of Homeland Security Kristi Noem said late Thursday the Trump administration will pause the diversity visa lottery program, which she said was used by alleged Brown University shooter Claudio Manuel Neves Valente.
Federal prosecutors announced new indictments Thursday in the widening Minnesota fraud scandal, this time involving two Philadelphia-based men accused of traveling to the state.
Democrats on the House Oversight Committee have released a new batch of 68 photos obtained from Jeffrey Epstein's estate. Follow live updates here.
The U.S. military says it struck two more alleged drug-carrying boats on Thursday, bringing the total death toll from the Trump administration's monthslong campaign to upwards of 100.
Seven passengers aboard a business jet that crashed Thursday at a regional airport in North Carolina have died, the State Highway Patrol said.
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Secretary of Homeland Security Kristi Noem says the Trump administration will pause the diversity visa lottery program, which she said was used by Brown University shooting suspect Claudio Manuel Neves Valente.
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
The Brown University shooting suspect was found dead in a storage unit in Salem, New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
The president announced the one-time payments during his White House address on Wednesday. Here's what to know about timing, taxes and more.
Some small business owners say they're struggling to stay afloat because of higher tariff, health insurance and energy costs.
Economists had expected CPI to rise at an annual rate of 3% last month.
Turning Point USA CEO Erika Kirk endorsed Vice President JD Vance for president in 2028 at the organization's annual youth conference.
Secretary of Homeland Security Kristi Noem says the Trump administration will pause the diversity visa lottery program, which she said was used by Brown University shooting suspect Claudio Manuel Neves Valente.
The U.S. military says it struck two more alleged drug-carrying boats on Thursday, bringing the total death toll from the Trump administration's monthslong campaign to upwards of 100.
The U.S. government has expanded a sweeping pause on legal immigration applications to include those filed by people from an additional 20 countries, a U.S. official told CBS News.
A jury convicted a Milwaukee judge on one count of felony obstruction Thursday, the Associated Press reported, after she was accused of helping a man who was in the U.S. illegally evade federal immigration authorities.
The proposals run counter to the recommendations of most major U.S. medical organizations.
Nationally, the measles case count is nearing 2,000 for a disease that has been considered eliminated in the U.S. since 2000, a result of routine childhood vaccinations.
Kevin Murray was his family's health watchdog. His vigilance helped his brothers "avoid a real catastrophe."
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Clinicians and epidemiologists warn the decision could unravel decades of progress and expose newborns to a deadly, preventable disease.
TikTok's China-based parent company ByteDance must sever ties with TikTok or lose access to U.S. app stores and web-hosting services
A U.S. official says a Kremlin envoy will travel to Florida to discuss a U.S.-proposed plan to end the war in Ukraine.
As the youngest Bondi Beach shooting victim is mourned, a Texas couple tell CBS News about their "quick thinking" son's bid to intervene, and his road to recovery.
The inmate and another detainee fled an overcrowded jail after sawing through their cell bars with blades that investigators suspect were delivered by drone.
The Trump administration's announcement of plan to sell Taiwan a record $10 billion worth of weapons draws an angry response from China.
Kathy Bates rose to prominence with her Oscar-winning breakout role in Rob Reiner's adaptation of Stephen King's "Misery" in 1990.
Jelly Roll had said a pardon would make it easier for him to travel internationally for concert tours and to perform Christian missionary work without requiring burdensome paperwork.
Gloria Gaynor told "CBS Mornings" her hit 1978 song gave her hope during one of the most difficult periods of her life.
Neil Patrick Harris says he's always loved game shows. He talks to "CBS Mornings" about how his passion started during his childhood and what it's like now hosting his own game show, "What's in the Box."
Gloria Gaynor's 1978 hit "I Will Survive" has been a motivational anthem for decades. The "Queen of Disco," a 2025 Kennedy Center Honoree, spoke to "CBS Mornings" about how the iconic song changed her outlook on life.
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
Helping teens develop healthy habits around social media use and screen time is important when they first receive a smartphone. Pediatric psychologist Ann-Louise Lockhart, an Instagram brand spokesperson and author of the new book "Love the Teen You Have," joins "CBS Mornings" to share some advice and tools, such as Instagram Teen Accounts, that parents can use to help their teens. For more information on Instagram Teen Accounts, visit familycenter.meta.com. (Sponsored by Instagram)
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.
In 2025, the integration of artificial intelligence into the U.S. economy and people's everyday lives grew to historic levels. CBS News senior business and technology correspondent Jo Ling Kent joins to recap how the transformative technology expanded over the past year, and what we can expect in 2026.
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
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.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Officials say the same gunman who opened fire at Brown University also killed an MIT professor two days later. Here's what we know about the suspect, who was found dead Thursday night.
The gunman behind the shooting at Brown University also killed an MIT professor on Monday, according to Leah Foley, U.S. attorney for the District of Massachusetts. See Foley's full remarks from Thursday night.
The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead in a storage unit in Salem, New Hampshire, Thursday night. Jessi Mitchell anchored CBS News' special report.
Police searched an area in Salem, New Hampshire, Thursday night in connection with the recent killings at Brown University and MIT, sources told CBS News Boston. CBS News' Katrina Kaufman reports and retired FBI special agent and profiler Mary Ellen O'Toole joins with analysis.
Police are searching an area in Salem, New Hampshire, in connection with the Brown University mass shooting and the killing of the MIT professor, sources told CBS News Boston. CBS News Boston's Penny Kmitt reports and Jeff Harp, retired FBI assistant special agent in charge, joins with analysis.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Super-Earth TOI-561b is about 40 times closer to its host star than Mercury is to the sun.
NASA has lost contact with a spacecraft that's been orbiting Mars for more than a decade.
The European Space Agency said that the black hole inside the spiral galaxy NGC 3783 has the mass of 30 million suns.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Calling himself the "Son of Sam" in a letter left at one of the crime scenes, David Berkowitz claimed voices were ordering him to kill -- starting in the summer of 1976, he went on a 13-month spree of impulse killings in New York City that left six dead and seven injured
Visit a Uyghur restaurant in Southern California, where culture is shared and the food is made with love. Plus, a man who wanted to save his friends life by donating a kidney ends up saving his own life.
The gunman behind the shooting at Brown University also killed an MIT professor on Monday, according to Leah Foley, U.S. attorney for the District of Massachusetts. See Foley's full remarks from Thursday night.
The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead in a storage unit in Salem, New Hampshire, Thursday night. Jessi Mitchell anchored CBS News' special report.
Geoeconomics correspondent Erin Delmore joins CBS News to discuss the latest numbers on inflation.
Police searched an area in Salem, New Hampshire, Thursday night in connection with the recent killings at Brown University and MIT, sources told CBS News Boston. CBS News' Katrina Kaufman reports and retired FBI special agent and profiler Mary Ellen O'Toole joins with analysis.