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Sanctions and strong ruble challenge Russia's crypto mining industry

Aug 9, 2022
A cold climate and cheap energy have made Russia a destination for bitcoin mining. But new factors confront its cryptocurrency efforts.
The strength of the Russian ruble has made it costly to mine cryptocurrency there. Above, a bitcoin mining center in Kirishi, Russia.
Olga Maltseva/AFP via Getty Images

New York state awaits governor's decision on partial crypto mining moratorium

Jun 23, 2022
The 2-year moratorium prevents the repurposing of fossil-fuel burning power plants into crypto mining operations.
A large metal tube juts into Seneca Lake. The Greenidge Generation crypto mining facility uses the tube to take in water to cool its equipment. The warmer water is then discharged back into the lake.
Lily Jamali/Marketplace

The U.K. wants to be the hub for crypto. What will it take to get there?

May 12, 2022
London, already a major foreign exchange market, wants to be the same for crypto.
"Similar to the past so-called crypto winters, the underlying foundation, the development, the technology and the adoption [of crypto] has been continuing," said William Cai, co-founder and managing partner at Wilshire Phoenix.
Ina Fassbender/AFP via Getty Images
While a 401(k) that includes cryptocurrency may pique the interest of younger investors, the volatility of bitcoin worries some financial advisors.
Marco Bello/Getty Images

How bitcoin mining works

Mar 4, 2022
Ingredients: Tens of thousands of powerful computers, enough energy to power all of Poland. Yield: More than $30 million in newly minted bitcoin every day.
Two technicians inspect a bitcoin mining operation in 2018. The highly lucrative practice is paying off for miners but wreaking environmental havoc.
Lars Hagberg/AFP via Getty Images

How much did cryptocurrency companies shell out for Sunday's Super Bowl ads?

Feb 14, 2022
The most expensive 30-second spots went for $7 million, NBC says. Coinbase, FTX and Crypto.com were some of the advertisers.
Cryptocurrency companies have spent millions on advertising, including spots airing during the Super Bowl.
Dan Kitwood/Getty Images

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Why interest rates, stocks and crypto are sometimes correlated

Jan 6, 2022
On Wednesday, the Nasdaq lost more than 3%. The S&P 500 sank nearly 2%. Cryptocurrencies fell, too. Is that all related?
​For some people, cryptocurrencies are like gold — a place to store and protect your money. Above, a woman walks past a cryptocurrency exchange in April 2021.
Chris McGrath via Getty Images

Nonprofit hospitals weigh risks of accepting donations in cryptocurrency

Dec 14, 2021
Charities may face questions about taking bitcoin gifts that they wouldn't face with donations in other forms, like cash or stock.
Many nonprofit organizations are considering the benefits and risks associated with taking donations in cryptocurrencies such as bitcoin.
Ozan Kose/AFP via Getty Images

To HODL or not to HODL: A crypto-millionaire's story

Dec 7, 2021
This year, Glauber Contessoto invested his life savings in the cryptocurrency dogecoin. Now he has more than $800,000 worth.
Some crypto-enthusiasts follow the mantra of HODL, or "hold on for dear life," to weather the volatility of their assets.
Chris McGrath via Getty Images