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

Crypto industry finds itself in the thick of local fights over greenhouse gas emissions

Jul 1, 2022
New York's denial of a power plant permit highlights what's at stake for the crypto industry and communities fighting to meet climate goals.
Thursday, New York state officials decided not to renew an air permit for a cryptocurrency mining facility citing emission-reduction goals. Above, a workers install a row of bitcoin mining machines in Texas.
Mark Felix/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

Are we headed for another crypto winter?

Jun 14, 2022
The term describes the downturn in the value of bitcoin as well as the fortunes of companies that support the cryptocurrency ecosystem.
Above, a bitcoin ATM at a Miami shop. Investors have been fleeing the cryptocurrency world and values are sliding.
Joe Raedle/Getty Images

When a cryptocurrency you never heard of drains your life savings

Jun 9, 2022
The terraUSD meltdown destroyed the nest eggs of people who had no idea what it was nor that they'd invested in it.
A cryptocurrency exchange office in Istanbul in October. Last month, the "stablecoin" terraUSD lost $60 billion in value in a matter of days.
Chris McGrath/Getty Images

Crypto's growth spawns a Washington debate: Who should regulate it?

Jun 8, 2022
A bill would put the Commodity Futures Trading Commission in charge. Some consumer advocates back the Securities and Exchange Commission.
The Securities and Exchange Commission has more people to oversee cryptocurrency than the smaller Commodity Futures Trading Commission, but other factors are involved.
Saul Loeb/AFP via Getty Images

Crypto asset meltdown prompts calls for regulation

May 13, 2022
The Securities and Exchange Commission isn't the only agency that could do it.
After a tumultuous week for cryptocurrency, the risk to investors is stirring concern.
Joe Raedle/Getty Images

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While a 401(k) that includes cryptocurrency may pique the interest of younger investors, the volatility of bitcoin worries some financial advisors.
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What are stablecoins, and why are regulators worried about them?

Apr 18, 2022
The cryptocurrencies — pegged to "real" currencies that aren't supposed to fluctuate in value — are the bedrock of the crypto economy.
Stablecoins are involved in roughly 80% of cryptocurrency trading and lending transactions and aren't supposed to fluctuate in value. But the Treasury Department is concerned about the potential for a stablecoin run.
Chip Somodevilla/Getty Images

Crypto for kids?

Apr 14, 2022
A conversation with Rebecca Jennings of Vox on the growing new industry that teaches children about cryptocurrency, NFTs and Web3.
Internet culture reporter Rebecca Jennings says a growing cohort of camps, startups and media aim to prepare children for the future of the internet. What lessons are the kids learning?
Chaloner Woods/Getty Images