Crypto

A year ago, crypto successfully scraped and scrapped to get a foot in the door in Washington. But in the wake of crypto’s winter, and FTX’s spectacular collapse, that door has now slammed shut. Gaining legitimacy in Washington has been an essential part of the industry’s push into the mainstream. Read more…

In 2017 the New York Times covered research co-authored by John Griffin, a finance professor at the University of Texas, into Hong Kong-based Bitfinex, “one of the largest and least regulated exchanges in the industry.” Mr. Griffin looked at the flow of digital tokens going in and out of Bitfinex Read more…

CNN remembers how in 2016 Ruja Ignatova “touted her company, OneCoin, as a lucrative rival to Bitcoin in the growing cryptocurrency market.” As OneCoin’s co-founder, Ignatova told one audience in 2016 that “In two years, nobody will speak about Bitcoin anymore. “Sixteen months later, Ignatova boarded a plane in Sofia, Read more…

“When people talk about crypto mining the first thing usually mentioned is the amount of electricity it uses,” writes Slashdot reader quonset. “What few realize is how loud rack after rack of servers and fans for cooling running 24/7 can be. The people of Murphy, North Carolina found out, and Read more…

Bitcoin’s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. CoinDesk reports: The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has Read more…

The U.S. Securities and Exchange Commission (SEC) alleged crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. The investment regulator took aim at Gemini Earn, the troubled yield-bearing product that hundreds of thousands of U.S. investors entrusted with their crypto. Gemini Read more…