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Stories Tagged as

Bitcoin

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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London Unbound

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

by Victoria Craig
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
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Fidelity will give employers the option of adding bitcoin to the options in the 401(k) plans they offer

by Matt Levin
Apr 27, 2022
And companies may have good reasons not to.
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
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Cryptocurrency mining and the environment

Your questions about cryptocurrency answered

by Janet Nguyen
Mar 4, 2022
Over the past decade, digital currencies (particularly bitcoin) have exploded in popularity.
While financial institutions have expressed skepticism toward bitcoin, the crypto sector continues to grow.
Dan Kitwood/Getty Images
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Cryptocurrency mining and the environment

How bitcoin mining works

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

by Janet Nguyen
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

by Sabri Ben-Achour
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
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