Crypto firms emerge as top spenders this election

Aug 23, 2024
Crypto companies have spent more than $119 million so far, almost half of corporate money given during elections this year.
Matt Cardy/Getty Images

In a rural Texas town, the constant hum of a bitcoin mine haunts residents

Aug 7, 2024
People have attributed symptoms from ringing ears to heart issues to the noise, Andrew Chow of Time explains.
Cryptocurrency mines are basically facilities that hold thousands of computers, which are cooled by fans.
Maxim Zmeyev/AFP via Getty Images

Republicans are embracing crypto

Jul 17, 2024
The official Republican platform adopted earlier this week says the party will "defend the right to mine bitcoin."
"The crypto industry has raised and spent an incredible amount of money influencing elections," said Duke University's Lee Reiners.
Roslan Rahman/AFP via Getty Images

Trump campaign will now accept crypto contributions

May 27, 2024
The Federal Election Commission says crypto donations are subject to the same rules and contribution limits as conventional contributions are — but some states ban them, as the currencies are harder to trace and regulate.
Andrew Harnik/Getty Images

SEC moves closer to blessing ether ETFs, cheering crypto fans

May 24, 2024
It could soon be easier to buy and sell ether, a cousin of bitcoin, via traditional market mechanisms.
Instead of directly buying the cryptocurrency, a spot ETF would allow an asset manager to do it for you.
S3studio/Getty Images

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

Mar 28, 2024
Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison for a massive fraud that unraveled with the collapse of FTX, the massive crypto exchange.
Above, Sam Bankman-Fried in March 2023. On Thursday, Bankman-Fried was sentenced to 25 years in prison for fraud and conspiracy.
Drew Angerer/Getty Images

Has El Salvador’s bitcoin gamble paid off?

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

For public good, not for profit.

Crypto is one way Hamas gets its funding

But it's only one tool for evading sanctions. And it's actually easier to track cryptocurrency movement than you might think.
In April, Hamas announced it would no longer be taking donations in crypto because law enforcement has been able "to trace and track these flows," said Ari Redbord of TRM Labs.
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The trial of Sam Bankman-Fried provides early lessons for crypto

Oct 12, 2023
"There were red flags all over FTX," said the New York Times' David Yaffe-Bellany. "Even in the kind of renegade world of crypto, these sort of lessons from traditional finance still apply."
Former FTX CEO Sam Bankman-Fried at a bail hearing on Aug. 11.
Michael M. Santiago/Getty Images

Despite EU crypto sanctions, Russians are still using digital currencies

Sep 25, 2023
Crypto sanctions have caused headaches for many anti-war Russians who fled abroad, but crypto use within Russia is still common.
The goal of the the European Union's crypto restrictions is to stop sanctioned Russians from finding loopholes to move money out of Russia.
Matt Cardy/Getty Images