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Bitcoin

Has El Salvador’s bitcoin gamble paid off?

by Catherine Ellis
Nov 8, 2023
Two years after El Salvador approved bitcoin as legal tender, only 1% of remittances are in bitcoin and many people don’t use it.
Coffee shop owner Gabe Gutierrez said bitcoin accounts for 5% to 10% of his sales.
BBC
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For some bitcoiners, "a second passport is the ultimate hedge"

by Matt Levin
Aug 3, 2023
Instead of buying a new Porsche or a private jet rental, the mega-rich can drop $100,000 on a new citizenship — and the benefits that go with it.
Dominica offers two routes to citizenship: a one-time donation of $100,000 or a real estate investment of $200,000.
Robyn Beck/AFP via Getty Images
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Shelf Life

In "Easy Money," crypto's central premise is put to the test

by Ben McKenzie
Jul 18, 2023
The cryptocurrency industry seeks to create a decentralized, peer-to-peer means of exchange, but is it really just a speculative bubble?
"Cryptocurrencies are not currencies, economically speaking, because they don't do what money does," says actor and author Ben McKenzie.
Alberto E. Rodriguez/Getty Images
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Sam Bankman-Fried Trial

At bitcoin's annual convention, few feel the chill of crypto winter

by Matt Levin
May 31, 2023
Attendance was down from last year at Bitcoin 2023 in Miami, but faith in the cryptocurrency held on strong.
The Bitcoin Bazaar at Bitcoin 2023 in Miami Beach, where true believers in the cryptocurrency and critics of "centralized anything" gathered.
Matt Levin/Marketplace
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How a mathematician and an entrepreneur took a bite out of crypto crime

by Dina Temple-Raston
Apr 24, 2023
The blockchain has a secret: It contains all the clues needed to connect underground purchases to people in the real world.
Some people are using the blockchain to track criminals who deal in cryptocurrency.
Geoffroy van der Hasselt
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Despite a recent rough stretch for crypto, Wyoming still wants its business

by Will Walkey
Apr 7, 2023
Wyoming is continuing its efforts to bring cryptocurrency into the mainstream, but some are questioning whether that’s a good idea.
Caitlin Long, CEO of Custodia Bank, said that crypto has helped Wyoming diversify its economy.
Stefani Reynolds/AFP via Getty Images
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Banks in Turmoil

Has the banking crisis been a boon for crypto?

by Lily Jamali
Apr 3, 2023
Bitcoin and other digital currencies are riding a wave of momentum that started last month after tumult in the banking industry.
Bitcoin came into being after the Great Recession. Its price rallied after recent bank turmoil.
Mario Tama/Getty Images
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SEC suit against crypto exchanges is latest effort to regulate a largely unregulated industry

by Kimberly Adams
Jan 13, 2023
The Securities and Exchange Commission is suing Gemini Trust Company and Genesis Global Capital for selling allegedly unregistered securities.
Absent more comprehensive regulations, the Securities and Exchange Commission is enforcing laws not specifically designed for crypto.
Marco Bello/Getty Images
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Sanctions and strong ruble challenge Russia's crypto mining industry

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

by Lily Jamali
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
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