What exactly happened after El Salvador president Nayib Bukele made Bitcoin a legal tender for the country? “As Bitcoin has dropped more than 50 percent of its value this year, there have been suggestions that El Salvador’s investment has pushed the country to the brink of bankruptcy,” writes a Salvadoran Read more…
A controversial bitcoin mining operation on the largest of central New York’s Finger Lakes does not meet the requirements of state climate laws, New York’s Department of Environmental Conservation ruled Thursday, denying an air permit request the entity’s owner, Greenidge Generation LLC., made in March 2021. Renewing the air permit Read more…
“Gen Z may not be familiar with the RadioShack of their grandparents, but they’re getting to know its replacement,” writes the Washington Post. “The 100-year-old retailer reintroduced itself on Twitter this week with a stream of often-profane tweets — some since deleted — filled with crude comments and drug references.” Read more…
The House Committee on Financial Services released a report late last week offering a harrowing glimpse inside Robinhood during the frenzy around Gamestop stock early last year. The stock trading and investing app was blindsided by the surge in interest from the first big “meme stock” after Redditors and other Read more…
On Wednesday, Sen. Cynthia Lummis (R-WY) posted her upcoming cryptocurrency regulation bill on GitHub. What she got in return were eight pull requests and lots of trolling. As of press time, Github users have commented on 24 issues in the bill and made eight pull requests — some of which Read more…
A new report finds that blockchain systems might not be working as well as many crypto enthusiasts assume. The report was commissioned by the Defense Advanced Research Projects Agency, or DARPA, and the work was done by the software security research company Trail of Bits. Trail of Bits CEO Dan Read more…
Investment product provider ProShares is set to list the U.S.’s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin (BTC). The ProShares Short Bitcoin Strategy (BITI), which is designed to deliver the inverse of bitcoin’s performance, will start trading on the New York Stock Exchange (NYSE) Read more…