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Transcripts for CNN CNN Newsroom With Pamela Brown 20240604 23:53:00

reporter: here s how bitcoin mining works. hundreds of bitcoin transactions, before if pays candy, siage pays hu ma are bunled into a block. computers like these all over the world race to solve a complex math problem. the winner gets to upload that block to the block chain, a vast ledger now more than 700,000 blocks long. a new block is uploaded every ten minutes. mine a blow, and you earn 6.25 bitcoin worth at the moment more than $250,000. this one farm earns about 200 grand every week. and this location is one of seven locations that we built and operated this week. reporter: china was the global bitcoin capital, but last year the communist party cracked down. a lot of it migrated to u.s., and it happened really quickly. as of right now, 35% of the

Transcripts for MSNBC The ReidOut 20220120 00:37:00

gold team for the january 6th committee. the team that s following the money in this investigation and they re very interested with both of these witnesses with bitcoin donations and significant amounts that they received. what they re trying to do is figure out in essence who is paying for the january 6th rally because communications between those folks about this rally on the ellipse and seeing whether that spills over into the insurrection at the capitol could be a very fruitful area of inquiry. we seen prosecutors asking a january 6th defendant about trump himself. so evidence emerged in court papers that prosecutors posed questions to at least one defendant with an organized conspiracy to disrupt the work of congress. is that significant or in your mind incidental? well, i think that s always been the question here, right? how far does this go? who does it reach? what s important to understand about conspiracy is proof out

Transcripts for MSNBC The ReidOut 20220120 00:36:00

if trump was still the president, the committee would have been entitled to materials. they explicitly say they re not ruling on when a former president can prevent a current president from releasing materials. they leave that question for another day. interesting. okay. so we ll put a pin in that for a moment. to stay with the committee for a moment. two new subpoenas that today, the white nationalist and patrick casey of the right wing america first movement, they re both at the capitol january 6th. on the letter, they point out that fuentes urged followers to storm every stop capitol until january 2021 until trump is inaugurated for four more years and interested in a donation he reportedly received in bitcoin worth more than $250,000 in the fbi is scrutinizing whether the money is linked to the capitol attack. what s the significance of having one of those subpoenaed? looks like this is about the

Transcripts for MSNBC Katy Tur Reports 20220215 19:56:00

of nearly 120,000 bitcoin worth millions when they were stolen. over the years, the couple allegedly moved the money around, trying to hide the origins. but unique passwords were stored online where the authorities eventually found them. today the value of that bitcoin has grown to over $4.5 billion. reporter: the doj seized $3.6 billion of it, the largest grab in department history. bitcoin, like all cryptocurrency, relies on a blockchain, a public record of transactions which allowed authorities to trace the money. the couple could face 25 years in prison. but their personal brand will continue to grow. netflix announced friday it s ordering a documentary series about the couple. the doj says it will auction off the seized billions. now, in court the prosecutors argued that these two are a flight risk. they could go to russia where lichtenstein is a citizen and reactivate about 24 unique

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