Bitcoin
Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Several cryptocurrency industry players have told CNBC that thousands of digital tokens are likely […]
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After the crypto crash, here’s what industry experts are waiting for next
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020. The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by […]
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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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Coinbase extends hiring pause for ‘foreseeable future’ and plans to rescind some offers
Brian Armstrong, cofounder and CEO of Coinbase speaks onstage during ‘Tales from the Crypto: What the Currency of the Future Means for You’ at Vanity Fair’s 6th Annual New Establishment Summit at Wallis Annenberg Center for the Performing Arts on October 23, 2019 in Beverly Hills, California. Matt Winkelmeyer | Getty Images Two weeks after […]
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Winklevoss twins’ Gemini cutting 10% of its staff, saying ‘crypto winter’ is here
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co. on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Billionaire bitcoiners Cameron and Tyler Winklevoss are laying off 10% of the […]
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Do Kwon is unlikely to face prison time for $60 billion UST crypto wipeout — fines and lawsuits are more likely
Do Kwon, co-founder and chief executive officer of Terraform Labs, leaves the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Woohae Cho | Bloomberg | Getty Images Do Kwon, the 30-year-old South Korean founder of a $60 billion stablecoin project that imploded last month, has a knack for convincing people to buy […]
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Solana suffered its second outage in a month, sending price plunging
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Solana, one of the largest cryptocurrencies after bitcoin and ether, fell more than 12% on Wednesday as its blockchain suffered its second outage in the last month. Validators in the network were not processing new blocks for several hours. Applications built […]
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Former OpenSea employee charged in first-ever NFT insider trading case
U.S. prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit […]
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Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing
Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive luna […]
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