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Ethereum just completed a successful dress rehearsal for its most important upgrade ever
INA FASSBENDER | AFP | Getty Images Ethereum just completed its first big dress rehearsal for a long-awaited makeover that will be its most significant overhaul since the digital currency was launched nearly a decade ago. Cryptocurrencies such as ethereum and bitcoin are often criticized for the process of mining to generate new coins. Both […]
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Human rights advocates tell Congress bitcoin is essential in countries with ‘collapsing’ currencies
WASHINGTON — A week after prominent technologists publicly slammed crypto for being too risky and unproven in a letter to Congress, human rights advocates from around the world have sent a rebuttal to U.S. lawmakers defending digital assets for the access they provide to people in countries where “local currencies are collapsing, broken, or cut […]
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Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’
Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the […]
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Deepak Chopra: Crypto is in crisis, but investors need to focus on the long-term
It’s been a brutal stretch for the crypto market, and a hard time for cryptocurrency investors to keep their emotions in check. The sector’s market cap collapse was led by terraUSD, one of the most popular U.S. dollar-pegged stablecoins, which imploded virtually overnight. But bitcoin and ethereum, too, saw massive price declines from their recent […]
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More than 46,000 people have lost more than $1 billion to crypto scams since 2021, says FTC
The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $1 billion in crypto to scams since the start of 2021, according to a report released by the […]
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New York just passed a bitcoin mining ban — here’s everything that’s in it
Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban new bitcoin mining operations. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it. If Hochul signs the bill, it would make New York the first state […]
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SEC’s Hester Peirce says the U.S. has dropped the ball on crypto regulation
WASHINGTON — The U.S. has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of the moment,” Peirce told CNBC on the sidelines […]
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Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $4.5 billion fund for backing […]
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Crypto as currency: managing your financial life using digital coins
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins […]
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Coinbase revenue drops 27% from a year ago, stock slides
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. […]
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