With midterm elections approaching, help us make everyone smarter about the economy. Donate Now

The argument against the Fed creating a central bank digital currency

“It's hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” says the Roosevelt Institute’s Chris Hughes.
“It's hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” said the Roosevelt Institute’s Chris Hughes.
Mladen Antonov/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

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

Crypto in your 401(k)? Fidelity's plan now faces questions from senators

May 6, 2022
Fidelity Investments says it will allow employers to add bitcoin to retirement portfolios, but Sen. Elizabeth Warren is among those critical of the decision.
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
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

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

For public good, not for profit.

Support fact-based, independent journalism with a gift to Marketplace today.

Crypto miners use natural gas "stranded" in wells to power energy-hungry rigs

Mar 25, 2022
Usually the gas is burned off at the well. Environmentalists say using it for mining incentivizes more drilling.
If natural gas from oil wells can't be used or sold, it's sometimes flared, as above, or vented into the air. Some cryptocurrency miners see it as a potential energy source.
Spencer Platt/Getty Images

Proposed bitcoin ETFs spotlight debate over rules governing crypto

Mar 22, 2022
SEC delays decision on allowing exchange-traded funds. It has to make big calls on digital currencies, whether it wants to or not.
The SEC is spending a lot of time figuring out how to deal with cryptocurrencies.
Saul Loeb/AFP Getty Images

Crypto miners came to upstate New York for cheap energy. Some regret letting them come.

Mar 11, 2022
The miners have blown through one town's allocation of cheap power, while another has put a moratorium on new mining operations.
Coinmint is using an old aluminum smelting plant as a cryptocurrency mining facility. The plant comes with its own electrical substation with direct hookups to the grid.
Lily Jamali/Marketplace