Bitcoin tops $100,000 for the first time. Here's what's driving gains.
CBSN
After a two-week flirtation with the six-figure mark, bitcoin has surged past $100,000 for the first time on the thinking that the incoming administration will be friendlier toward — and relax regulations on — cryptocurrencies.
The milestone came late Wednesday after President-elect Donald Trump nominated Paul Atkins to head the the Securities and Exchange Commission. Atkins runs Patomak Global Partners, a financial services advisory group that works with crypto industry clients. Atkins is also an adviser to the Chamber of Digital Commerce, a crypto advocacy group.
The pick is a marked turn from outgoing SEC Chair Gary Gensler, who cracked down on digital assets following a 2022 market rout that unveiled fraudulent practices and resulted in expensive blowups, including the sudden collapse of crypto exchange FTX, followed by crypto lenders Genesis and Celsius.
Two police officers in Virginia were shot and killed during a traffic stop late Friday night, authorities said.
In southwest Atlanta, Black-owned businesses are keeping the history of their neighborhoods alive – and it all starts with a cup of coffee.
A Hawaii man who spent 30 years in prison for a murder he long denied committing declared the day "Freedom Friday" and said he was eager to visit his mother after a judge ordered him released because of new DNA evidence.
Hamas has handed over three more Israeli hostages to the Red Cross in the latest exchange under the fragile ceasefire.
The Defense Department said Friday that it's cutting about 5,400 probationary workers starting next week and will put a hiring freeze in place.
A federal judge on Friday blocked a sweeping executive order from President Trump that sought to end government support for programs promoting diversity, equity and inclusion.
The Department of Justice has eliminated its national database that tracked misconduct incidents among federal law enforcement officers.
Former Proud Boys national leader Enrique Tarrio was arrested Friday near the U.S. Capitol on a charge that he assaulted a woman protesting a gathering attended by Tarrio and others who received presidential pardons for crimes stemming from the Jan. 6, 2021, riot in the nation's capital.
The Associated Press sued three Trump administration officials Friday over access to presidential events, citing freedom of speech in asking a federal judge to stop the 10-day blocking of its journalists.
The Trump administration is considering moving the U.S. Postal Service, an independent federal agency, under the Commerce Department, two sources tell CBS News.
Washington — A federal judge on Friday declined to block the Trump administration from putting thousands of employees with U.S. Agency for International Development on administrative leave and recalling others from overseas, clearing the way for the president to resume his efforts to overhaul the agency as part of his plans to slash the size of the federal government.
An attorney employed by U.S. Immigration and Customs Enforcement allegedly made "racist, bigoted, xenophobic, hateful, harassing and dishonest" posts on an X account where he tried to hide his identity, according to a legal complaint filed against him.
Michael Sayih and Max Fink share a common goal: to make history together. The South Florida natives are regular racing partners who have competed in 5K, Iron Man and marathon events around the world. Their current goal is to become one of the first Duo Teams — one athlete pushing the other in a wheelchair — to complete six Abbott World Marathon Majors together.