Crypto
Business
US Bitcoin Miner, ‘Core Scientific,’ Is Filing for Bankruptcy
Core Scientific, one of the largest bitcoin miners registered in the US, is filing for bankruptcy.
The Texas-based company filed for bankruptcy on Wednesday. The firm said that it would continue mining bitcoin whilst it works out a restructuring deal...
Business
Cryptocurrency Empire FTX Collapses into Bankruptcy
Cryptocurrency exchange FTX filed for bankruptcy in the US on Friday, seeking court protection as it looks for a way to return money to users.
Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said. It...
Business
Kim Kardashian Fined $1.26M by SEC for Promoting Cryptocurrencies
According to a statement released by the U.S. Securities and Exchange Commission (SEC), reality television personality Kim Kardashian was charged on Monday with improperly endorsing cryptocurrency security.
The agency claimed that Kardashian decided to settle the allegations without acknowledging or...
Business
Bitcoin Blues: Cryptocurrency Falls to Near $20K
Bitcoin is biting it. The digital currency continued its downward spiral on Wednesday, dropping to just over $20,000 (around 19,200 euros) in intraday trading.
The cryptocurrency cratered from its all-time high just seven months ago when Bitcoin stood at over $57,000...
Business
Crypto “Based on Nothing” Says ECB’s Lagarde in Warning to Investors
European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings.
In an interview on a Dutch television show, College Tour, she stated...
Economy
Price of Bitcoin Drops to Nearly Two-Year Low
The price of bitcoin has fallen significantly this month with the value of the cryptocurrency reaching a 22-month low on Monday.
Bitcoin's price has now dropped to $32,338.60 (30,627.89 euros) as of Monday evening, a slump which amounts to the...
Business
The Bitcoin Experiment that Made MIT Students Rich
In 2014, MIT students Jeremy Rubin and Dan Elitzer conducted an experiment where they gave any interested MIT student $100 worth of Bitcoin worth roughly $300 a coin at the time. The $100 worth of bitcoin those lucky students...
Business
Ukraine Legalizes Cryptocurrency, Receives Many Millions in Donations
Ukraine legalized cryptocurrency on Thursday, as the country has been receiving millions of dollars in donations in cryptocurrency aimed at helping the country in the wake of the Russian invasion.
Ukrainian President Volodymyr Zelensky signed the bill called "On Virtual...
Business
Biden to Sign Cryptocurrency Executive Order in Move Toward Regulation
US President Joe Biden is expected to sign an executive order on cryptocurrency this week, marking the first step toward regulating the digital currency.
The move comes as administration officials have raised concerns about Russia’s use of cryptocurrency to evade...
Art
Why “NFTs Are a Poverty Trap”
YouTuber Dan Olson has gone viral for a video essay where he offers a wide-ranging analysis--and takedown--of cryptocurrency and NFTs, entitled "Line Goes Up."
Olson had long been established on YouTube for creating analytical but accessible videos on a number...