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Tag: Bitcoin (Currency)

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The Fall of FTX’s Sam Bankman-Fried Puts Crypto Industry on Edge

It was a stunning fall for a celebrated executive who was leading the crypto industry’s charge into the mainstream of finance.Over the last two...

Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show

Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as the homes in...

Crypto Crash Widens Divide Between Rich and Amateur Traders

ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming.The billionaire twins, best known for their supporting role...

Bitcoin Plummets Below $20,000 for First Time Since Late 2020

Square, another payments company, bought $50 million of Bitcoin and changed its name to Block, in part to signify its work with blockchain technology....

Crypto Firms Quake as Prices Fall

SAN FRANCISCO — No one wanted to miss out on the cryptocurrency mania.Over the last two years, as the prices of Bitcoin and other...

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

Cryptocurrency prices also dropped precipitously. The price of Bitcoin fell as low as $26,000 on Thursday, down 60 percent from its peak in November,...

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

SAN FRANCISCO — Bitcoin was conceived more than a decade ago as “digital gold,” a long-term store of value that would resist broader economic...

Jordan Belfort, Still the Wolf, Likes Crypto Now

To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android.MIAMI BEACH — Jordan Belfort was lounging...

Crypto Industry Helps Write, and Pass, Its Own Agenda in State Capitols

In July, the state ordered a dozen A.T.M. providers that sell crypto in exchange for cash — including Cash Cloud, Coin Now and DigiCash...

Bitcoin Miners Want to Recast Themselves as Eco-Friendly

Along a dirt-covered road deep in Texas farm country, the cryptocurrency company Argo Blockchain is building a power plant for the internet age: a...

Twitter Wants to Reinvent Itself, by Merging the Old With the New

The Bluesky project would eventually allow for the creation of new curation algorithms, which would show different tweets at the top of users’ timelines...

Justice Dept. Seizes $3.6 Billion in Bitcoin and Arrests Married Couple

WASHINGTON — The Justice Department said on Tuesday that it had seized over $3.6 billion worth of stolen Bitcoin and arrested a married couple...

They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like...

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Despite their volatile and occasionally inscrutable nature, cryptocurrencies are becoming more widely traded, used and held — El Salvador recently started accepting Bitcoin as...

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