When it comes to crypto, it's buyer beware

Nov 11, 2022
The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
The Consumer Financial Protection Bureau has received more than 8,000 complaints about crypto in the past four years.
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Crypto exchange Binance walks away from FTX deal

Nov 9, 2022
Binance cited a due-diligence check, saying the issues at FTX were "beyond our control or ability to help."
When FTX hit a liquidity crunch, users pulled out money and crypto at once. And rival exchange Binance announced Wednesday that it wouldn't be bailing out FTX.
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What message is the SEC sending about celebrity crypto endorsements with Kim Kardashian fine?

Oct 4, 2022
The fine aside, crypto companies have less money these days to advertise.
Kim Kardashian has to pay $1.26 million to the Securities and Exchange Commission.
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With "the merge," ethereum tries to set a greener example for crypto

Sep 15, 2022
The Ethereum Foundation says the massive software upgrade means validating transactions will require 99.95% less energy than before.
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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.
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Even amid the crash, there's some optimism about the future of crypto

The co-founder of one financial services company is bullish on digital currencies even as uncertainty roils the market.
"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.
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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.
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For public good, not for profit.

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.
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New York lawmakers push to pump the brakes on crypto mining

Jun 15, 2022
A bill awaiting Gov. Kathy Hochul's signature would enact a two-year moratorium on the industry's use of fossil-fuel power plants to mine cryptocurrency. A Finger Lakes community is wrestling with the environmental impacts.
Crypto mining has entered the crosshairs of New York lawmakers.
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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.
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