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Cryptocurrency

Sam Bankman-Fried Trial

As crypto chaos continues, the next generation of hires is having doubts

by Matt Levin
Nov 30, 2022
"Interest in the crypto space, generally speaking, tends to track the price of bitcoin," a UCLA professor says of his computer science students.
Soon-to-be hires are rethinking pursuing jobs at crypto companies.
Maddie Meyer/Getty Images
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FTX debacle worsens crypto's trust issues

by Matt Levin
Nov 21, 2022
The industry is trying to distance itself from the collapsed exchange. Can it?
Crypto skeptics and enthusiasts agree that the failure of crypto exchange FTX is an inflection point for the industry.
Michael M. Santiago/Getty Images
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When it comes to crypto, it's buyer beware

by Nancy Marshall-Genzer
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.
Michael M. Santiago/Getty Images
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Sam Bankman-Fried Trial

Crypto exchange Binance walks away from FTX deal

by Lily Jamali
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.
Olivier Douliery/AFP via Getty Images
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What message is the SEC sending about celebrity crypto endorsements with Kim Kardashian fine?

by Matt Levin
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.
Vittorio Zunino Celotto/Getty Images
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With "the merge," ethereum tries to set a greener example for crypto

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

by David Brancaccio , Jarrett Dang and Alex Schroeder
Jul 26, 2022
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.
Ina Fassbender/AFP via Getty Images
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Crypto industry finds itself in the thick of local fights over greenhouse gas emissions

by Lily Jamali
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
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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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