Ethereum/USD Coin Metrics

The crypto industry wants to go green — but that’s easier said than done
Finance

The crypto industry wants to go green — but that’s easier said than done

BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, are working around the clock to find new units of cryptocurrency — in this case, ethereum, the second-largest token globally. To do so, […]

Read More
Here’s a full recap of CNBC’s 2022 Stock Draft: Ryan Reynolds likes Netflix, Kandi Burruss buys Zoom
Business

Here’s a full recap of CNBC’s 2022 Stock Draft: Ryan Reynolds likes Netflix, Kandi Burruss buys Zoom

Finance professionals, athletes and celebrities choose their favorite names in the annual stock-picking competition. Source

Read More
Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry
World

Sanctions threaten to cripple Russia’s multibillion-dollar crypto industry

Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country’s unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts. This week, U.S. officials targeted Russian bitcoin mining firm BitRiver in […]

Read More
Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
Technology

Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says

Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple […]

Read More
Crypto firm Ripple’s court battle with the SEC has gone ‘exceedingly well,’ CEO says
Finance

Crypto firm Ripple’s court battle with the SEC has gone ‘exceedingly well,’ CEO says

PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales […]

Read More
Bitcoin falls below ,000 for the first time in almost a month as investors assess global macro risks
World

Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks

A Bitcoin logo inside a BitBase cryptocurrency exchange in Madrid, Spain, on Thursday, March 17, 2022. Angel Navarrete | Bloomberg | Getty Images The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to […]

Read More
UK regulator extends deadline for crypto firms to make it onto a key register
Technology

UK regulator extends deadline for crypto firms to make it onto a key register

A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images The U.K.’s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to register with the regulator beyond an original Mar. 31 deadline. A select few firms, including the fintech firm Revolut and crypto start-up Copper, will […]

Read More
Crypto hackers steal over 5 million from network that runs popular game Axie Infinity
Technology

Crypto hackers steal over $615 million from network that runs popular game Axie Infinity

Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021. Jam Sta Rosa | AFP | Getty Images The popular blockchain game Axie Infinity, which lets users earn money as they play, […]

Read More
Ukraine legalizes crypto sector as digital currency donations continue to pour in
Technology

Ukraine legalizes crypto sector as digital currency donations continue to pour in

Ukraine has started to accept dogecoin and a number of other cryptocurrencies as donations as Russia continues its invasion. Nurphoto | Getty Images Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country. The bill, which was adopted by Ukraine’s parliament last month and signed into law by […]

Read More
Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys
Finance

Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys

Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan’s SoftBank and Singapore’s Temasek also joining as new investors in […]

Read More