Crypto Market Crashed. They Are Still Buying Bitcoin.

“If you tell them the risks someone is taking and they’re otherwise healthy, you could be accused of breaking the bank or trolling,” said Michael Saylor, CEO of MicroStrategy, a software company. created a large Bitcoin reserve. “It’s kind of hard to explain theoretically before it happened. But now it’s happened.” In 2020, Mr. Saylor […]

‘Crypto winter’ descends as investors’ hot streak cools brutally

NEW YORK – The wealth-generating hot streak for Bitcoin and other cryptocurrencies has cooled brutally. As prices fall, companies collapse and skepticism rises, fortunes and jobs disappear overnight, and investor speculation has been replaced by icy calculations that industry leaders have dubbed the “crypto winter.” It is a dizzying event for investments and companies, appearing […]

Bitcoin drops below $20,000 as crypto sales accelerate

LONDON (AP) — Bitcoin price dropped below $20,000 for the first time since the end of 2020 on Saturday, a new sign that selling in cryptocurrencies is deepening. According to CoinDesk, Bitcoin, the most popular cryptocurrency, has fallen below the psychologically important threshold, dropping as much as 9% below $19,000. The last time Bitcoin was […]

Tether: The Money That Could Ruin Crypto

Even by crypto’s often surreal standards, Tether has a history of its own. was established by in 2014. Brock PierceHe is a cryptocurrency evangelist who acted as a child actor in the “Mighty Ducks” movies. He and his partner, Reeve Collins, later transferred control of the company to a former plastic surgeon named Giancarlo Devasini, […]

Inside a Corporate Culture War Stocked By A Crypto CEO

Jesse Powell, Founder and CEO of Kraken, one of the largest companies in the world cryptocurrency exchangeshe recently asked his employees, “If you can identify as a gender, can you identify as a race or ethnicity?” He also questioned their use of preferred pronouns and started a discussion about “who can refer to another person […]

Crypto Firms Shaken As Prices Drop

SAN FRANCISCO – No one wanted to miss the cryptocurrency craze. In the last two years, as Bitcoin prices and other virtual currencies increased, crypto startups proliferated. Companies marketing digital currencies to investors filled the airwaves with television commercials, trendy lending operations offered very high interest rates on cryptocurrency deposits, and Exchanges like Coinbase It […]

Bitcoin drops as major crypto lender Celsius Network stalls

NEW YORK – The price of bitcoin and other cryptocurrencies collapsed on Monday after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform due to “extreme market conditions”. The latest high-profile collapse of one leg of the cryptocurrency industry. These meltdowns wiped out tens of billions of dollars in investor assets […]

Landmark bill limiting crypto mining passes NY Legislature

A milestone environmental measure designed to curb the spread of cryptocurrency mining operations that burn fossil fuels in New York has passed the state legislature. The bill, which was approved and closely watched by the state Senate earlier on Friday, will establish a two-year moratorium on new and renewed air permits for fossil fuel power […]

How Influencers Dope Crypto Without Revealing Their Financial Ties

Some of the projects Mr. Armstrong supported were small-time, experimental crypto startups that eventually ran into problems. In those cases, he said, he sees himself as a victim too. “They are hunting the novice crypto influencer who is popular and trying to figure out what they should and should not do,” he said. “It’s hard […]

How a Garbage Talking Crypto Brother Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, described the cryptocurrency he created in 2018 as “my greatest invention.” In countless tweets and interviews, he trumpeted the world-changing potential of the currency, Luna, and brought together a group of investors and supporters that he proudly called “Mad”. Mr. Kwon’s company, Terraform Labs, has raised more than $200 […]