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New York is close to a bitcoin mining crackdown — here’s what that means for the industry
The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication […]
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Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
Main residence at 241 Bedford Rd in Greenwich, CT Anthony Acocella / Modern Angles The Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication. The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an […]
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Dorsey, Saylor, Fidelity and others defend environmental impact of bitcoin mining in letter to EPA
These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate […]
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This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
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Michael Saylor says investing in MicroStrategy is the closest you’ll get to a bitcoin spot ETF
MIAMI — MicroStrategy may technically be in the business of enterprise software and cloud-based services, but CEO Michael Saylor says the publicly traded company doubles as the first and only bitcoin spot exchange-traded fund in the U.S. “We’re kind of like your nonexistent spot ETF,” Saylor told CNBC on the sidelines of the Bitcoin 2022 […]
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U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
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Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines […]
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Bitcoin could hit $100,000 within a year, crypto firm’s CEO predicts
Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images Bitcoin could hit $100,000 within a year, the […]
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We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes
Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and shelling on her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic cash transfers — and she decided to give bitcoin a try. Whereas money providers often charge transfer fees of […]
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Justin Bieber, Gwyneth Paltrow and Ashton Kutcher are among dozens of celebrity investors piling into crypto startup MoonPay
MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images What do Justin Bieber, Gwyneth Paltrow, Snoop Dogg and Ashton Kutcher all have in common? Aside from being A-list celebrities, they’re among more than 60 new investors in fintech startup MoonPay. Additional […]
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