Bitcoin

The price of bitcoin has hit a new high as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing the previous record set in March.

An Alabama man has been arrested for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said. Eric Council Jr. is accused of helping to break into the SEC’s account on X, formerly known as Twitter.

FLORENCE, Ala. (AP) — A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. News outlets…