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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...

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...

Bitcoin Mining is Environmentally Unsustainable, New Research Shows

The world's most controversial cryptocurrency, Bitcoin, has a climate impact greater than the production of beef and results in nearly as much environmental damage as crude oil, researchers in the United States have calculated. Research from the University of New...

Greece Sixth for Most Cryptocurrency ATMs in European Union

Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states. There are currently sixty-four active ATMs for usage, mostly concentrated in the...

What is an NFT? How Non-Fungible Tokens Took Over Crypto

If you're an avid investor in cryptocurrency or a digital art lover, it's likely that you've heard about non-fungible tokens, commonly referred to as "NFTs." So what exactly are NFTs? Non-fungible tokens certify the ownership of a one-of-a-kind piece of...

Satoshi Nakamoto, Creator of Bitcoin: Who is Behind the Pseudonym?

"Satoshi Nakamoto" is universally credited as the founder of the now ubiquitous cryptocurrency Bitcoin, but who is Nakomoto?

Bitcoin is Sinking but El Salvador President Tells Investors to “Enjoy Life”

The value of Bitcoin has plummeted but El Salvador President Nayib Bukele said his country's worried investors should still "enjoy life." "Patience," he instructed, "is the key." The words of reassurance came in a tweet late Saturday, shortly after the...

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...

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...

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...